PRODA, a London, UK-based data processing, and analysis platform announced that it completed $8 million in Series A funding.

The round was led by existing investor ING Ventures and backed by new investors, including JLL Spark, Blackstone Innovations Investments, and Concrete VC.

The funding will be used to continue to scale the breadth and depth of PRODA’s platform and grow its presence in and beyond Europe to meet the growing demand for its services.

Company: PRODA LTD.

Raised: $8.0M

Round: Series A

Funding Month: June 2022

Lead Investors: ING Ventures

Additional Investors: JLL Spark, Blackstone Innovations Investments, and Concrete VC

Company Website: https://proda.ai/

Software Category: Data processing and analysis platform

About the Company: Founded in January 2017 by London-based property professionals Peter Bredthauer and Charles Williams, the cloud-based SaaS solution captures, standardizes, validates, analyses and exchanges rent roll data – a critical input leveraged throughout the commercial real estate industry among lenders, investors and asset managers. PRODA’s provide companies with increased visibility, real-time property reporting and operational efficiencies demanded in the current market. The company’s goal is to empower real estate professionals to quickly gain actionable insights from their data and to facilitate the use of technology within the industry. PRODA currently operates across 16 countries, strategically tailoring its platform to regional needs.

Source: https://proda.ai/proda-announces-8-million-series-a-fundraise/