Saturday, April 20, 2024
HomeFunding CO-based Proof Technology Secures $30.4Million in Series B Round Funding

[Funding alert] CO-based Proof Technology Secures $30.4Million in Series B Round Funding

Colorado-based Proof Technology secures $30.4million in series B round funding. Leading the round was Long Ridge Equity Partners, with participation from Blue Heron Capital and The LegalTech Fund, among other current investors.

Colorado-based Proof Technology secures $30.4million in series B round funding. Leading the round was Long Ridge Equity Partners, with participation from Blue Heron Capital and The LegalTech Fund, among other current investors.

With the increased funds, the company plans to boost integrations with case management software used by the legal sector, boost revenue growth, increase electronic filing capabilities, and adopt AI to provide more efficiency for its users.

Read also – NYC-based Chunk Foods Secures $7.5Million in Seed Funding

Under the direction of its founder and CEO, Eric Voogt, Proof is a marketplace for litigation services that offers remote notarization, electronic court filing, and document delivery via a national network of process servers to legal firms and government organisations.

Users upload legal documents to the platform, and the company uses its own AI-powered technology to analyse those documents and extract all the information needed to find and locate the process server quickly, transparently, and accurately. This information includes the court’s location, the parties involved, the documents that need to be delivered, and any applicable rules.

Read also – WA-based Digs Secures $7Million in Seed Funding

Users can now access the marketplace online or through interfaces with a number of well-known legal technology platforms, including as MyCase, Litify, and Clio. In the near future, the company intends to release further integrations with more solutions.

Currently, the platform is used by over 5,000 legal practices and government organisations to electronically file or distribute about 20,000 documents monthly. Process servers from Proof’s vast nationwide network are dispersed throughout all of the United States and its territories.

Read also – NYC-based C16 Biosciences Secures $3.5Million in Funding

About Proof Technology

Process service is being revolutionised by proof. Legal technology startup Proof immediately links legal practices around the country with independent process servers. Legal businesses can submit electronic serve requests around-the-clock, get real-time updates, view a map showing the verification of each attempt, and establish instantaneous connections with servers.

Read also – New York-based Axiom Secures $20Million in Series A Round Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular