Prophit Insight had a great day at the VVM Finals & Awards Day on June 26th at the MassMutual Center in Springfield, MA.
Prophit Insight had been named one of the top 12 Finalists out of a cohort of 35 teams. In the end they came in 6th, and were the highest ranked finisher for software companies out of the 200+ companies that applied. Through the process investors awarded them $19,000.
“We are honored to be selected so high out of a group of such strong companies. We have worked hard and felt that we deserved our spot, but it is always fantastic to get external validation from people that you highly respect. We have big plans and the money will go a long way in helping us achieve our goals.” Stated Michael Arian, Co-founder & CEO.
Prophit Insight has been taking part in the Valley Venture Mentors (VVM) Accelerator Program over the last 5 months. VVM Accelerator looks for high impact new ventures that will be successful. Teams are judged on the Investment Readiness Level, a criterion used by many angel investor groups to evaluate startups. Completing the program gives startups the help and expertise they need to secure seed and secondary funding.
Kym Arian, Co-founder & CPO continued, “I have stated for a while now that one of the best decisions that we have ever made was to apply to the VVM Accelerator. The program has exceeded all of our expectations. We’ve learned so much in such a short amount of time. Our only regret is that it’s now over. The VVM staff are truly incredible, and our cohort was a great group of people who all wanted to help each other succeed. We clearly have made friends for life.”
Posted on 06/05/2016 at 12:00:00 AM
Address: 1350 Main St.
Springfield, MA 01103Phone: 617-663-8221
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