Notarize

Notarize

Online platform for digital notarization services

About Notarize

Simplify's Rating
Why Notarize is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$227M

Headquarters

Boston, Massachusetts

Founded

2015

Overview

Notarize provides online notarization services through a digital platform that allows individuals and businesses to notarize documents without needing to visit a physical notary. Users can upload their documents, verify their identity, and connect with a notary instantly, making the process convenient and efficient. Unlike traditional notary services, Notarize operates 24/7, offering clients the flexibility to access notarization whenever they need it. The company stands out in the digital notarization market by facilitating millions of notarizations through its platform, Proof, which has earned a reputation for reliability. Notarize's business model is based on service fees, which are competitively priced, providing excellent value for the convenience offered. The goal of Notarize is to streamline the notarization process, saving clients time and money while ensuring a trustworthy and user-friendly experience.

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Simplify's Take

What believers are saying

  • Massachusetts legislation expands Notarize's market reach with remote online notarization.
  • Rebranding to Proof attracts large banks and real estate companies.
  • Participation in Moderne Ventures' Passport Program boosts industry insights and growth.

What critics are saying

  • OneNotary's partnership with DocuSign increases competition in the online notarization market.
  • Legal action from Notary Geek could harm Notarize's reputation and finances.
  • Ranking 7th on Trustpilot suggests potential customer satisfaction issues.

What makes Notarize unique

  • Notarize offers 24/7 online notarization, eliminating the need for physical visits.
  • The Proof platform enhances security with biometric and human identity verification.
  • Notarize's integration with Flueid offers a seamless real estate closing experience.

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Funding

Total Funding

$227M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$130M
Notarize

Benefits

Remote-First Workplace - We're a fully-distributed, remote-first company with 450 employees in 41 states and counting. Want to make it 42? You can work from anywhere in the U.S.

Take Time Away from Work - You are more than your job. We encourage you to take your Paid Time Off, Monthly Wellness Days, and Company Holidays. And after 5 years, we'll give you a paid sabbatical to say thanks for all your hard work.

Fully Paid Parental Leave - Our CEO is a parent first, so we get it. We offer up to 12 weeks of paid leave for new parents, with the option to work flexible hours upon your return.

Learn and Grow - We're invested in your growth. We provide an ever-growing Learning and Development program and give you access to a professional development allowance.

Health Benefits - We offer comprehensive health, dental, and vision benefits. Notarize pays 90% of the cost for you and your dependents.

Wellness Programs - Take care of yourself with the help of a monthly Grubhub stipend, meditation classes, wellness allowance, and access to our EAP program.

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

0%
PR Newswire
Apr 16th, 2024
Moderne Ventures Announces 2024 Spring Passport Class

Moderne Ventures announces the eleven companies selected to join its exclusive Moderne Passport industry immersion programCHICAGO, April 16, 2024 /PRNewswire/ -- Moderne Ventures, a strategic venture capital and growth equity firm investing in technology companies in and around the industries of real estate, finance, insurance and sustainability, announced its 2024 Spring Moderne Passport Class. The Moderne Passport Program is an intensive six-month industry immersion program providing its participants education, exposure, insight, and relationships to drive customer growth.Moderne Ventures announces the eleven companies selected to join its exclusive Passport industry immersion program Post this Welcome Spring Passport Class!"At Moderne, we take a generalist approach to vertical investing, looking outside of our core industries to find technologies that can be applicable within them," said Constance Freedman, Founder and Managing Partner at Moderne Ventures. "This latest Passport cohort includes technology innovators pushing the boundaries in predictive analytics, artificial intelligence, sustainability, government policy, pet insurance and last-mile delivery. We look forward to helping them gain exposure and grow their customer base in Moderne's industries."The Moderne Passport program hosts companies of all stages – in this cohort, companies range from seed to Series C, and have raised over $678M+ in aggregate of funding with collective valuations of $1.3B to date. The eleven companies are:Abodu ( abodu.com ) – ( Redwood City, CA ): Transforming backyard space into livable homes for multi-generational households, aging in place, full time rentals, and more with beautifully designed and built accessory dwelling unitsAcreto ( acreto.io ) – ( Jersey City, NJ ): Enterprise-grade cybersecurity platform that identifies, connects and protects any technology, anywhereCompanion Protect ( companionprotect.com ) – ( Leawood, KS ): Pet insurance and wellness plan administration trusted by property and casualty insurers, employee benefits providers, retail, residential real estate managers and animal shelter channel partnersDimension ( getdimension.com ) – ( San Francisco, CA ): A fully digital platform that enables waste and recycling management of all waste streams and reduces carbon emissionsFluidLytix ( fluidlytix.com ) – ( Dallas, TX ): Intelligent water management that reduces water bills up to 30%Polco ( polco.us ) – ( Madison, WI ): Modernizing interactions between constituents and governments. Polco's platform empowers constituents to engage with governments, and governments to make informed decisions based on constituent input with online polls, industry-leading research and performance data analyticsProof ( proof.com ) – ( Boston, MA ): As a pioneer of remote online notarization with the largest network of professional notaries in all 50 states, Proof (formerly known as Notarize) is helping to secure the digital economy with notarization and identity verification services, making every transaction more seamless, less costly and more securePublic Grid ( onepublicgrid.com ) – ( Cambridge, MA ): A smarter, green energy management platform that saves residential consumers money on electricity bills and reduces GHG emissionsQloo ( qloo.com ) – ( New York, NY ): Advanced AI platform used to understand and predict global consumer tastes, unlocking advanced personalization, improved customer experiences, and data-driven marketing and growth strategies for companiesRealSage ( realsage.com ) – ( Toronto, ON ): AI-driven decision support system for asset owners and operators - consolidating data across the asset lifecycle from existing technologies to provide actionable insights and improve NOIsThe Rounds (therounds.co) – ( Brooklyn, NY ): Automated "inventory management" of recurring household essentials, delivering scheduled weekly refills via its own two-way last mile logistics network and using reusable packaging to maximize delivery efficiency and reduce waste"This is our 19th Moderne Ventures Passport class and we've now brought more than 125 companies through the program

Business Wire
Mar 26th, 2024
OneNotary Raises $5 Million Series A - Enters Partnership with DocuSign

SAN FRANCISCO-(BUSINESS WIRE)-OneNotary, a leading online, on-demand notarization provider, today announced it closed a $5 million Series A and entered a partnership with DocuSign to provide a best-in-class third-party notary network to DocuSign customers.

Notary Geek
Nov 4th, 2023
Cease and desist to Notarize / Proof for claiming to be #1 when they are 2nd to last

Notary Geek, a leading Notary Public company known for its exceptional service and customer satisfaction, has taken legal action against Notarize (Proof), which is currently ranked 7th out of 8 companies in the Notary Public category on Trustpilot.

Bizjournals
Oct 13th, 2023
Form D Friday: After layoffs and rebrand, online notarization startup raises funding

After making layoffs last year, the online notarization startup led by Pat Kinsel rebranded as Proof and raised extra funding.

TechCrunch
Jun 21st, 2023
Notarize Launches Proof To Ensure Safe Online Transactions

Notarize, the world’s largest online notary network, is launching Proof, a new company and platform for digital identity verifications. Beginning in August, Notarize’s business tools will be rebranded to Proof, and it is also changing its company name to Proof. Notarize will continue serving its online notary network, which is used by companies like Adobe and FedEx, and the two brands and platforms will exist side-by-side, said founder Patrick Kinsel.Created in response to the rise in online transactions, Proof is an enterprise-grade platform, designed to serve large banks and real estate companies. It will continue to have all the main components of Notarize’s online notary service, which has been used by million of users to process transactions like real estate e-closings, vehicle bills of sales and documents like affidavits of identity and power of attorneys. What’s new in Proof is an identity-assured transaction management platform meant to address gaps in online identity verification.Some examples of the services it offers include verification identity using biometric tech (for example, scanning selfies to make sure they match ID photos), 24/7 human verification of identity and signature verification to ensure that the person signing is who they actually say they are. Proof also looks out for fraud risk in each transaction, the same way credit cards are monitored

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