Legal Tech Pioneer Proof Secures $30.4M Series B Funding Round Led by Long Ridge Equity Partners

A recent funding round spearheaded by Long Ridge Equity Partners has successfully raised capital for Proof, a litigation services marketplace.

This financial boost also saw the participation of existing investors such as Blue Heron Capital and The LegalTech Fund.

Strategic Allocation of Capital

The primary focus of utilizing this new capital revolves around propelling Proof’s revenue growth.

The company aims to achieve this by accelerating its electronic filing capabilities, fortifying integrations with prevalent legal industry case management software, and embracing artificial intelligence (AI) to generate enhanced operational efficiencies for its users.

Proof’s Mission and Leadership

Founded and led by Eric Voogt, Proof serves as a crucial litigation services platform.

It offers law firms and government agencies an extensive array of services, including document delivery through a nationwide network of process servers, electronic court filing services, and remote notarization.

AI-Powered Document Analysis

Proof employs proprietary AI-powered technology to analyze legal documents uploaded to its platform.

This analysis encompasses crucial details such as court location, involved parties, specific documents to be delivered, and relevant rules.

This comprehensive understanding enables the identification and location of the appropriate process server, ensuring the swift, transparent, and accurate delivery of documents.

Current Access and Future Integrations

Presently, users can access Proof’s marketplace through its online platform or integrated with popular legal technology platforms like Clio, Litify, and MyCase.

The company has plans to expand further by introducing new integrations with additional solutions in the near future.

Extensive User Base and Network

Proof has garnered substantial traction, boasting a user base exceeding 5,000 law firms and government agencies. These users collectively deliver or e-file close to 20,000 documents each month.

Notably, Proof’s expansive network of process servers spans the entire United States, including U.S. territories.

As of January 26, 2024, this strategic funding round signifies a significant milestone for Proof, positioning the company for continued growth and innovation in the legal tech industry.

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