London-based PROSPECT 100, a startup developing digital space for co-creation, announced on Thursday that it has raised $750K (approximately €693K) in a round of funding co-led by London-based QVentures, Danish fund Blackwood, and Austrian entrepreneur Ferdinand Ahorner.
Notable angel investors, including the famous designer Sean Wotherspoon, Guy Holmes of Gut Records, and Snappt and Adam Perrin of Masomo Games and Marshmallow, joined the round.
The UK company says it will use the funds to build the go-to platform for co-creation – a digital space that allows brands to connect and collaborate with creative talent globally.
“Our team and I are extremely excited about the future of PROSPECT 100. This pre-seed round will help us to continue solidifying our position as the home of co-creation for brands and designers around the world,” says Alexandre Daillance, co-founder of PROSPECT 100.
“From increasing our number of briefs to expanding the range of types of organisations we work with, we are looking forward to carefully growing our offering to designers and improving our product continuously,” adds Daillance.
PROSPECT 100: Developing digital space for co-creation
Adam Flanagan, Alexandre Daillance, and Harry Beard founded PROSPECT 100 during the COVID-19 lockdown to provide a platform that allowed creatives from anywhere to keep creating during the pandemic.
The company’s co-creation platform connects corporates, charities, and public organisations with a deep community of freelance and professional creatives.
The platform also allows organisations to crowdsource creative designs driving engagement.
Since its inception, the platform has hosted co-creation opportunities with organisations like Paramount, Kering, Swatch and the Ukrainian Government.
“We believe the best ideas can come from anyone, anywhere,” says Beard.
“Lego has pioneered the way with their platform ‘Ideas’ enabling them to co-create new products alongside their consumers. Co-creation is a way for brands to speak with their consumers through the language of design, providing opportunities to really deserving – often underrepresented – talents,” adds Beard.
The Investor
QVentures is a VC firm providing direct investment opportunities and fund management.
The VC sources, screens, and invests in top-tier startups from Seed to Series C for their investor base consisting of Family Offices, Institutional Investors, UHNWIs, and Cashed-out Entrepreneurs.
To date, QVentures has participated in rounds with an aggregate combined size of over £351M in 115 companies.
Harveer Bharaj, Principal at QVentures, says, “We’re excited to back the PROSPECT 100 team as they build the go-to destination for organisations seeking to tap into a growing community of freelance creative talent. Through PROSPECT 100’s cutting-edge co-creation platform, organisations like amfAR and Paramount have successfully unveiled new products and brand designs that deeply resonate with their target audiences.”
