Proof Technology Secures $30.4 Million Series B Funding

Proof Technology Secures $30.4 Million Series B Funding

Proof Technology, Inc., a leading service of process and e-filing technology platform company based in Denver, successfully closed a $30.4 million Series B funding round. Long Ridge Equity Partners spearheaded the funding, joined by existing investors such as Blue Heron Capital and The LegalTech Fund. The company, led by Founder and CEO Eric Voogt, plans to utilize the new capital to expedite revenue growth, enhance electronic filing capabilities, integrate with legal industry case management software, and further leverage artificial intelligence (AI) for increased user efficiency.

Proof stands as a litigation services marketplace, connecting law firms and government agencies with document delivery through an extensive network of process servers, electronic court filing services, and remote notarization. The platform utilizes proprietary AI technology to analyze uploaded legal documents, extracting essential information like court location, involved parties, documents to be delivered, and relevant rules. This data is then used to identify and locate the most suitable process server for swift, transparent, and accurate document delivery.

How it Works | Source: Proof Technology

Currently serving over 5,000 law firms and government agencies, Proof’s platform facilitates the delivery or e-filing of nearly 20,000 documents monthly. The platform’s vast network of process servers spans the entire country, including U.S. territories.

“We’re pursuing our vision of becoming the online marketplace where, at the touch of a button, lawyers can obtain all litigation services that require human intervention,” stated Eric Voogt, Proof’s founder and CEO.

Proof’s commitment to efficiency is evidenced by its successful processing and serving of documents with higher delivery success rates and within shorter time frames compared to industry averages. The company’s dedication to innovation is further emphasized by its integration with popular legal technology platforms like Clio, Litify, and MyCase, with plans for additional integrations in the near future.

“In a segment of the legal industry that will always require the involvement of human beings, Proof’s platform continues to be a disrupter and leading choice for process serving, e-filing, and other litigation services,” commented Jim Brown, Managing Partner and Founder of Long Ridge.

Proof Technology’s comprehensive platform, Proof, not only streamlines document delivery but also combines machine learning, geolocation services, remote printing, and real-time, court-specific affidavits. This ensures a fast, accurate, and fully transparent experience for legal practitioners, providing real-time updates and jurisdiction-specific documentation of the serve.

As Proof Technology embarks on its next phase of growth, the company aims to reinforce its position as a pioneer in legal technology, offering an unparalleled and user-friendly solution for the evolving needs of the legal industry.

Leave a Reply

Your email address will not be published. Required fields are marked *