Legal Tech Startup: Proof Technology

Spotlight on: Proof Technology

Description
Developer of a mobile application designed to deliver time-sensitive legal documents. The company's software connects law firms with experienced servers and provides real-time tracking and electronic proof-of-service, offers instant access to experienced servers nationwide, and provides the ability to track a serve in real-time from a desktop computer or mobile device, enabling users to deliver their legal documents in time.

Most Recent Financing Status (As of October 2023)
The company raised $3.25 million of Series AA venture funding from undisclosed investors on December 15, 2022, putting the company's pre-money valuation of $45 million. Previously, Forward Echelon Venture Capital sold a stake in the company to an undisclosed buyer on October 4, 2022.

Founder and Chairman: Mark Kreloff, +1-646-767-6186, [email protected]

HQ Location: 1800 North Gaylord Street Denver, CO 80206

Employees: 60 (as of March, 2022)

Total Raised: $12.31M (as of December, 2022)

Post Valuation: $48.25M (as of December, 2022)

Growth Rate: -0.56% Weekly Growth (9th Percentile)

Size Multiple: 7.89X Median (88th Percentile)

Institutional Investors:

• Blue Heron Capital
• Clio
• Forward VC
• The Legal Tech Fund
• CoVenture
• Crossbeam Venture Partners

To learn more about Proof Technology, visit their website or follow them on LinkedIn.

Source: Pitchbook, September 2023