Total amount raised
$213.3 Millions
Latest funding date
02/01/2025
Location
Proof has successfully raised significant funding over multiple rounds, establishing itself as a key player in the identity-centric security space. The platform offers a comprehensive suite of products designed to secure online interactions and transactions.
Keep reading to explore the intricacies of Proof's fundraising journey and the investors backing this innovative platform.
What Is Proof?
Proof is an identity-centric security platform that focuses on securing online interactions and transactions through various products and services. The company offers a range of products designed to protect against fraud and forgery across the entire customer lifecycle, including Notarize, Sign, Identify, Verify, Close, Defend, and Command Center.
Unfortunately, the founding year, location, founders' names, and the number of employees are not available from the provided sources. The information requested was not found in the provided sources.
How Much Funding Has Proof Raised?
- Seed Round
- Amount Raised: $2.4M
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Proof's identity-centric security platform.
- Series A
- Amount Raised: $8M
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and enhance the platform's capabilities.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation.
- Series B
- Amount Raised: $36.9M
- Date: August 2019
- Lead Investors: Lennar Corporation, Polaris Partners, Realogy Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and product development.
- Series C
- Amount Raised: $35M
- Date: March 2020
- Lead Investors: Camber Creek, Polaris Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand into new markets.
- Series D
- Amount Raised: $130M
- Date: March 2021
- Lead Investors: Canapi Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and drive further innovation.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for strategic initiatives.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2025
- Lead Investors: State Farm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the mission to combat identity fraud and enhance efficiency.
Total Amount Raised: $212.3M. Current Valuation: Not publicly disclosed.
Key Investors
The requested information about the major investors in Proof, their focus areas, notable investments, and involvement with Proof was not found in the provided sources. The sources either did not contain the relevant details or were example domains without any pertinent information.
However, based on the available information, here is a summary of the major investors in Proof:
- State Farm Ventures
- Details: State Farm Ventures is the corporate venture arm of State Farm, the largest provider of auto and home insurance in the United States. It focuses on investing in startups developing technologies and products to fulfill customer needs in unexpected ways.
- Investment Focus Areas: Insurance technology, digital transactions, customer experience.
- Notable Investments: Proof.
- Canapi Ventures
- Details: Not available from the provided sources.
- Investment Focus Areas: Not available from the provided sources.
- Notable Investments: Not available from the provided sources.
- Camber Creek
- Details: Not available from the provided sources.
- Investment Focus Areas: Not available from the provided sources.
- Notable Investments: Not available from the provided sources.
- Polaris Partners
- Details: Not available from the provided sources.
- Investment Focus Areas: Not available from the provided sources.
- Notable Investments: Not available from the provided sources.
- Lennar Corporation
- Details: Not available from the provided sources.
- Investment Focus Areas: Not available from the provided sources.
- Notable Investments: Not available from the provided sources.
Proof's valuation status: Not publicly disclosed.
What's Next for Proof?
Proof's future looks promising with significant opportunities on the horizon. The strategic investment from State Farm Ventures positions Proof to expand its footprint in the insurance sector, enhancing identity verification and fraud prevention. With over $150 billion in authorized transactions and a 44% growth in the real estate sector, the potential for further growth is substantial.
Future fundraising opportunities are likely as Proof continues to innovate and demonstrate its value in secure digital transactions. The company may attract additional investments from corporate venture arms and financial institutions, further fueling its expansion into new markets and development of new products.
However, challenges remain. Proof must navigate evolving cyber threats and regulatory requirements while maintaining the security and reliability of its platform. Competition from other identity verification providers will also be a hurdle. Despite these challenges, Proof's strategic partnerships and continued innovation position it well for future success.
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