NetProspex Inc. has received $1.4 million of a $2 million Series A venture capital round, officials confirmed. Investors include U.K.-based angel Richard Tahta of Episode 1 Partners, who returned after participating in previous angel rounds.
NetProspex “recycles” sales leads, by allowing access to new contacts in exchange for unused contacts, or for a fee, Feldman said. After returning from a conference, a salesperson will typically have a stack of business cards, he explained. A handful of those will turn into sales opportunities. NetProspex invites sales professionals to exchange the remainder for new leads. “We turn a useless byproduct of the sales cycle into new opportunities,” he said.
Currently 10 employees and will double by 2009
Profitable- yes
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