Proof Technology, Inc., a Denver, CO-based service of process and e-filing technology platform company, closed a $30.4m Series B funding.
The round was led by Long Ridge Equity Partners with participation from existing investors including Blue Heron Capital and The LegalTech Fund.
The company intends to use the new capital to accelerate revenue growth, expand electronic filing capabilities, enhance integrations with legal industry case management software, and embrace AI to create additional efficiencies for its users.
Led by Eric Voogt, Founder and CEO, Proof is a litigation services marketplace that provides law firms and government agencies with document delivery through a nationwide network of process servers, electronic court filing services, and remote notarization. Legal documents uploaded to the platform by users are analyzed by the company’s proprietary AI-powered technology to capture all necessary information including court location, parties involved, documents to deliver, and applicable rules, all of which are used to identify and locate the process server to deliver those documents with speed, transparency, and accuracy.
Today, users can access the marketplace online or via integrations with several popular legal technology platforms including Clio, Litify, and MyCase. The company plans to introduce new integrations with additional solutions in the near future.
More than 5,000 law firms and government agencies currently use the platform to deliver or e-file close to 20,000 documents each month. Proof’s expansive network of process servers are located across the entire country, including within U.S. territories.
FinSMEs
26/01/2024