Prophet Advances Strategic Ambitions with Completion of New Round of Growth Financing
SAN FRANCISCO, Sept. 19, 2019 — Following on the heels of several important transformative moves in 2019, Prophet recently announced that it has secured a growth financing investment from Gladstone Capital and Comerica Bank. The move builds upon Prophet’s commitment to driving uncommon growth, both for its diverse set of clients and as a firm.
“Prophet has evolved several times over the course of the firm’s history to better meet the needs of our clients and to unlock growth in exciting new areas,” said Michael Dunn, Chairman and CEO of Prophet. “The new financing reflects confidence in our growth story and strengthens our ability to build the scale and capability required to best help our clients achieve their transformation and growth agendas.”
The growth financing is one of several important initiatives the firm has executed in 2019. In March, the firm acquired Springbox, a leading digital agency headquartered in Austin, to deepen its capabilities in digital, experience creation and demand generation. Together, Prophet and Springbox partner with clients to address even more complex growth challenges, bridging strategy and execution to provide dynamic, end-to-end solutions.
In early September, the firm opened a twelfth office in Singapore, a region fueled by digital innovation and the ASEAN integration, advancing its footprint in Asia and serving as Prophet’s hub for business growth and client support.
“All of our growth initiatives are focused on our ambition to be a digitally-powered, creatively-inspired consultancy that helps clients unlock uncommon growth in the face of disruption,” said Dunn. “Our intention is to build market-leading capability in growing areas like customer experience, innovation and digital marketing through acquisitions and by building our presence into important markets for talent. This growth financing accelerates our ability to achieve that.”
Prophet is a consultancy that helps clients unlock uncommon growth by developing new business models, reimagining brands and experiences, driving demand and customer engagement and empowering people to transform their organizations. The largest privately-owned firm of its kind, Prophet brings a unique blend of creative and strategy to identify paths to purposeful, transformative and sustainable growth.
Based in San Francisco, with 14 global offices and more than 500 strategists, data analysts, marketers, digital experts and creatives, Prophet has worked with the world’s most successful companies, including AXA, CVS Health, The Home Depot, Samsung, T-Mobile, and UBS, partnering with them from ideation to in-market execution. Prophet.com
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