How Much Did Prosper Raise? Funding & Key Investors

Prosper has successfully raised funding over six rounds, with the latest being a Seed round, and is backed by 25 investors, including notable names like Benjamin William White and Cody Mathès Gakpo. The platform offers a comprehensive suite of financial services, including investments, savings, and financial guidance, aimed at helping individuals grow their wealth for generations.

Keep reading to explore the intricacies of Prosper's fundraising journey and the investors backing this innovative wealth management platform.

What Is Prosper?

Prosper is a wealth management platform based in London, England, offering a range of financial services, including investments, savings, and financial guidance. The company operates in several industries such as consulting, finance, financial services, fintech, and wealth management.

Founded with the aim of maximizing members' potential wealth, Prosper has a small team of 11-50 employees. The platform provides various investment products like Stocks & Shares ISA, Pension (SIPP), and General Investment Account (GIA), along with financial guidance services for retirement and tax planning.

How Much Funding Has Prosper Raised?

1. Seed Round
   • Amount Raised: USD 5,200,000
   • Date: January 2025
   • Lead Investors: Fuel Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the customer base, launch a private market investment offering, and develop AI products.
2. Convertible Note
   • Date: November 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and future growth initiatives.
3. Equity Crowdfunding
   • Amount Raised: USD 1,000,000
   • Date: June 2024
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To engage the community and raise funds for product development.
4. Pre-Seed Round
   • Amount Raised: USD 650,000
   • Date: April 2024
   • Lead Investors: Development Bank of Wales
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and build the core team.
5. Equity Crowdfunding
   • Amount Raised: USD 1,300,000
   • Date: November 2023
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance platform features.
6. Angel Round
   • Amount Raised: USD 4,000,000
   • Date: November 2023
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage growth and product development.

Total Amount Raised: USD 12,150,000. Current Valuation: Not publicly disclosed.

Key Investors

• Fuel Ventures
  • Details: Fuel Ventures is a venture capital firm that focuses on early-stage technology companies. They led Prosper's recent £4 million funding round with an investment of £2 million.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Known for investing in early-stage tech startups.
• Andreessen Horowitz (A16Z)
  • Details: Andreessen Horowitz is a Silicon Valley-based venture capital firm. They participated in Prosper’s initial angel round.
  • Investment Focus Areas: Technology companies across various stages.
  • Notable Investments: Facebook, Airbnb, Slack.
• Connect Ventures
  • Details: Connect Ventures is a venture capital firm that focuses on seed and early-stage investments. They participated in Prosper’s initial angel round.
  • Investment Focus Areas: Seed and early-stage technology companies.
  • Notable Investments: Citymapper, Typeform.
• MMC Ventures
  • Details: MMC Ventures is a venture capital firm that invests in early-stage, high-growth technology companies. They participated in Prosper’s initial angel round.
  • Investment Focus Areas: Early-stage, high-growth technology companies.
  • Notable Investments: Gousto, Bloom & Wild.
• Development Bank of Wales
  • Details: The Development Bank of Wales is a development finance company that provides funding to businesses in Wales. They were a key investor in Prosper’s pre-seed round.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.

What's Next for Prosper?

Prosper is poised to capitalize on significant opportunities in the wealth management industry. With plans to scale its customer base and launch a private market investment offering, the platform is set to modernize financial services. The recent £4 million funding round, led by Fuel Ventures, underscores the potential for future growth.

As Prosper continues to innovate, future fundraising opportunities are likely, especially with the backing of high-profile investors. However, the company must navigate challenges such as integrating AI effectively and overcoming traditional industry practices. The focus on transparency and avoiding hidden fees will be crucial for sustained success.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Prosper and gather other critical business insights.

Sign up for free to start making data-driven decisions and stay ahead of the competition.