Overview

Proof specializes in automating the process serving sector, which involves delivering legal documents to individuals involved in court proceedings. This service is essential for ensuring due process in legal cases. The company primarily serves law firms, legal departments, and other entities that need reliable process serving. Proof operates a web-based application that allows users to upload documents, track the progress of serves, and receive notifications upon successful delivery, enhancing efficiency and reliability in legal processes. Unlike traditional process servers, Proof's automated solution provides greater transparency and accountability. The company generates revenue through a subscription-based model and transaction fees, ensuring a steady income while scaling with service volume. The goal of Proof is to transform the legal services industry by providing a dependable and efficient process serving solution.

Simplify's Take

What believers are saying

• Recent $30.4M Series B funding will enhance and streamline Proof's service offerings.
• Growing demand for digital legal services boosts Proof's eFiling and notarization services.
• Blockchain exploration could enhance Proof's secure and verifiable document handling.

What critics are saying

• Emerging legal tech startups may erode Proof's market share with similar solutions.
• Dependence on third-party platforms like Filevine poses integration risks.
• Potential regulatory changes could impact Proof's digital process serving operations.

What makes Proof Technology unique

• Proof offers a web-based application for managing process serving needs efficiently.
• The company provides real-time updates and mapped verification for legal document delivery.
• Proof's integration with Filevine reduces data entry time by 75% for law firms.

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Funding

Total Funding

$39.5M

Below

Industry Average

Funded Over

3 Rounds

$30,400,000

Series B

Jan 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$30.4M

$45M

$65M

$100M

View all funding stages