Prosal, a Miami, FL-based provider of a Request for Proposals (RFPs) platform for agencies, reached $1.58M in Seed funding with a new influx of $400k.
The round was led by Fusen Fund, with participation from a consortium of investors including Recursive Ventures, Brickyard Fund, Alumni Ventures, Mana Ventures, and Raiz Capital, complemented by a group of angel investors.
The company intends to use the funds to further bolster its ability to deliver its solutions.
Led by CEO Nicholas Lopez, and CTO Nyle Malik, Prosal provides smaller agencies with a platform featuring advanced algorithms and a user-friendly interface, which automates and simplifies complex RFP tasks. This technology allows smaller agencies to save time and resources while offering insights and analytics for improved proposal decision-making, to streamline their business development processes, and to compete effectively with larger counterparts.