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Introducing Proxa

Written by Brandon Miles | Oct 9, 2024 9:46:04 PM

Brandon Miles, founder and former CEO of Appspace, launches Proxa to simplify data management for investment teams

Brandon Miles, building on his experience in corporate fiinance and as CEO of Appspace, has launched Proxa, a new platform designed to make the data management process smoother for investment teams and their portfolio companies. Proxa helps solve a common problem that many investors face: spending too much time managing scattered information across spreadsheets, presentations, and emails. This can make important processes like diligence and portfolio reporting slower and less efficient.

Challenges faced by investment teams

Investment teams today often rely on a patchwork of different tools to manage their data. They might use Excel for tracking, PowerPoint for presentations, and email to exchange documents, which leads to information being spread out and hard to manage. This not only takes up valuable time but also increases the chance of errors. Whether it’s gathering information during due diligence on a new investment or keeping up with regular portfolio reporting, these manual processes can slow things down and make it harder for teams to get a clear, up-to-date picture of their investments.

How Proxa simplifies the process

Proxa changes the game by automating repetitive tasks, bringing all the data together in one place, and giving teams real-time updates. Instead of jumping between multiple tools, investment teams can now access all the information they need from a single platform, saving time and reducing mistakes. This means that when teams need to make decisions or communicate with portfolio companies, they have the most accurate information at their fingertips.

According to Mr. Miles, “Many teams are still using tools that weren’t built for the complex needs of investment management. Proxa helps by creating one easy-to-use system that automates a lot of the heavy lifting, so teams can focus on making better decisions, faster.”

A new approach for investment teams

Proxa’s approach is about more than just making data management easier. It’s about helping teams operate more efficiently and freeing them up to focus on the bigger picture. By eliminating the need for manual work, Proxa allows investment teams to spend more time on strategic tasks like growing their portfolio revenue or strategic M&A.

Proxa represents a new, streamlined way of working, one that allows investment teams to leave behind outdated tools and focus on what really matters. Launching in early 2025, Proxa is set to become the go-to platform for investors looking to work more efficiently and collaborate more effectively with their portfolio companies.