www.prove.comEnterprise Software / CybersecurityFounded: 2008Funding to Date: $245.79MM
Prove delivers digital trust, providing businesses the confidence to do more. Their global proprietary Prove Identity Network™ streamlines customer acquisition and frictionless servicing. Prove is purpose-built for a mobile-centric world modernizing the way consumers prove who they are with ease, accuracy, and privacy. This company was founded by Mike Brody and Rodger Desai in 2008 and is headquartered in New York, NY.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/07/2023 | Series I-3 | $3.91MM | $xx.xx | $1.35B | MassMutual Ventures, Capital One Ventures | |
Price per Share
$xx.xx
Shares Outstanding
230,791
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
MassMutual Ventures, Capital One Ventures
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08/07/2023 | Series I-2 | $15MM | $xx.xx | $1.35B | MassMutual Ventures, Capital One Ventures | |
Price per Share
$xx.xx
Shares Outstanding
796,770
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
MassMutual Ventures, Capital One Ventures
|
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08/07/2023 | Series I-1 | $25MM | $xx.xx | $1.35B | MassMutual Ventures, Capital One Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,327,949
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
MassMutual Ventures, Capital One Ventures
|
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06/18/2020 | Series H-4 | $4.75MM | $xx.xx | $537.53MM | Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega | |
Price per Share
$xx.xx
Shares Outstanding
1,159,269
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
15.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega
|
||||||
06/18/2020 | Series H-3 | $16.53MM | $xx.xx | $537.53MM | Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega | |
Price per Share
$xx.xx
Shares Outstanding
4,131,469
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
15.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega
|
||||||
06/18/2020 | Series H-2 | $1.79MM | $xx.xx | $537.53MM | Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega | |
Price per Share
$xx.xx
Shares Outstanding
230,392
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega
|
||||||
06/18/2020 | Series H-1 | $76MM | $xx.xx | $537.53MM | Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega | |
Price per Share
$xx.xx
Shares Outstanding
9,783,834
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management, Apax Digital, Sandbox Insurtech Ventures, Ralph de la Vega
|
||||||
04/17/2019 | Series G-2 | $360,825 | $xx.xx | $313.81MM | Synchrony Financial, MassMutual Ventures, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
72,165
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management
|
||||||
04/17/2019 | Series G-1 | $14.78MM | $xx.xx | $313.81MM | Synchrony Financial, MassMutual Ventures, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
2,956,496
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Wellington Management
|
||||||
02/13/2018 | Series F-2 | $5MM | $xx.xx | $239.22MM | Synchrony Financial, MassMutual Ventures, Anil Aggarwal, Jonathan Weiner, Andrew Prozes | |
Price per Share
$xx.xx
Shares Outstanding
1,206,302
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Anil Aggarwal, Jonathan Weiner, Andrew Prozes
|
||||||
02/13/2018 | Series F-1 | $18MM | $xx.xx | $239.22MM | Synchrony Financial, MassMutual Ventures, Anil Aggarwal, Jonathan Weiner, Andrew Prozes | |
Price per Share
$xx.xx
Shares Outstanding
4,342,594
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Synchrony Financial, MassMutual Ventures, Anil Aggarwal, Jonathan Weiner, Andrew Prozes
|
||||||
01/05/2017 | Series E-2 | $365,874 | $xx.xx | $200.89MM | BlueCross BlueShield Venture Partners, Andrew Prozes, Strauss Zelnick, Maclab Development Group, Transaction Network Services, RRE Ventures, Opus Capital, Relay Ventures, Early Warning Services, American Express Ventures, Verizon Ventures, Rogers Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
88,271
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BlueCross BlueShield Venture Partners, Andrew Prozes, Strauss Zelnick, Maclab Development Group, Transaction Network Services, RRE Ventures, Opus Capital, Relay Ventures, Early Warning Services, American Express Ventures, Verizon Ventures, Rogers Venture Partners
|
||||||
01/05/2017 | Series E-1 | $22.95MM | $xx.xx | $200.89MM | BlueCross BlueShield Venture Partners, Andrew Prozes, Strauss Zelnick, Maclab Development Group, Transaction Network Services, RRE Ventures, Opus Capital, Relay Ventures, Early Warning Services, American Express Ventures, Verizon Ventures, Rogers Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
5,537,000
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
BlueCross BlueShield Venture Partners, Andrew Prozes, Strauss Zelnick, Maclab Development Group, Transaction Network Services, RRE Ventures, Opus Capital, Relay Ventures, Early Warning Services, American Express Ventures, Verizon Ventures, Rogers Venture Partners
|
||||||
10/18/2013 | Series D | $10MM | $xx.xx | $151MM | Early Warning | |
Price per Share
$xx.xx
Shares Outstanding
2,588,762
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3.0
Key Investors
Early Warning
|
||||||
04/13/2011 | Series C-1B | $3.62MM | $xx.xx | $99.13MM | American Express, Verizon Investments, Rogers Ventures, Opus Capital, BlackBerry Partners Fund, RRE Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,268,876
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
American Express, Verizon Investments, Rogers Ventures, Opus Capital, BlackBerry Partners Fund, RRE Ventures
|
||||||
04/13/2011 | Series C-1 | $15MM | $xx.xx | $99.13MM | American Express, Verizon Investments, Rogers Ventures, Opus Capital, BlackBerry Partners Fund, RRE Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,262,205
Liquidation Pref Order
6
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
American Express, Verizon Investments, Rogers Ventures, Opus Capital, BlackBerry Partners Fund, RRE Ventures
|
||||||
08/02/2010 | Series B | $11.14MM | $xx.xx | $23.89MM | RRE Ventures, Relay Ventures, Opus Capital | |
Price per Share
$xx.xx
Shares Outstanding
11,135,000
Liquidation Pref Order
7
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
RRE Ventures, Relay Ventures, Opus Capital
|
||||||
06/12/2008 | Series A | $1.6MM | $xx.xx | $2.67MM | RRE Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,200,000
Liquidation Pref Order
8
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
RRE Ventures
|