Pronto’s 10-minute house help pitch sparked a 3.6x valuation jump in just 90 days

Pronto, a startup that provides 10-minute house help services, has raised $11 million in an all-equity Series A round. The round was co-led by General Catalyst and Glade Brook Capital, and it valued the company at $45 million post-money. The rapid growth in Pronto's valuation, a 3.6x jump in just 90 days, is attributed to the company's unique 10-minute house help pitch. This innovative approach has resonated with customers, leading to increased demand for Pronto's services. The fresh capital will be used by Pronto to expand its operations, enhance its technology, and further develop its customer-centric offerings. The company aims to revolutionize the house help industry by providing efficient and reliable services to its growing customer base. The successful Series A round underscores Pronto's strong market position and the investors' confidence in the company's ability to capitalize on the growing demand for on-demand house help services.