About Confirmation
Confirmation is a company based in Nashville (United States) founded in 2000 was acquired by Thomson Reuters in June 2019.. Confirmation has raised $63 million across 2 funding rounds from investors including Thomson Reuters and Great Hill Partners. The company has 1 employees as of April 01, 2024. Confirmation has completed 1 acquisition, including ProConfirm. Confirmation operates in a competitive market with competitors including AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, among others.
- Headquarter Nashville, United States
- Employees 1 as on 01 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Confirmation.Com India Private Limited
- Date of Incorporation 11 Mar, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$510.33 K (USD)0as on Mar 31, 2017
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Net Profit
$-15.28 K (USD)0as on Mar 31, 2017
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EBITDA
$68.18 K (USD)0as on Mar 31, 2017
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Total Equity Funding
$63 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Oct 27, 2016
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Investors
Thomson Reuters
& 1 more
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Employee Count
1
as on Apr 01, 2024
- Investments & Acquisitions
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Acquired by
Thomson Reuters
(Jun 21, 2019)
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Funding Insights of Confirmation
Confirmation has successfully raised a total of $63M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $60.0M
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First Round
First Round
(07 Mar 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series B - Confirmation | Valuation | Great Hill Partners |
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| Mar, 2005 | Amount | Series A - Confirmation | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Confirmation
Confirmation has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Thomson Reuters and Great Hill Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Business acquisitions are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Cloud-based legal management and data services are provided for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Confirmation
Confirmation has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ProConfirm. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electronic audit confirmations are provided to accounting firms and banks.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Confirmation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Confirmation Comparisons
Competitors of Confirmation
Confirmation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based GRC and audit management solutions are provided.
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| domain | founded_year | HQ Location |
Provider of bank accounts auditing solutions for businesses
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| domain | founded_year | HQ Location |
AI-driven audit automation solutions for enterprises are provided.
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| domain | founded_year | HQ Location |
Accounting and auditing software solutions are supplied worldwide.
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| domain | founded_year | HQ Location |
Cloud-based audit and risk management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Navix is recognized for providing automated freight audit solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Confirmation
Frequently Asked Questions about Confirmation
When was Confirmation founded?
Confirmation was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Confirmation located?
Confirmation is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Is Confirmation a funded company?
Confirmation is a funded company, having raised a total of $63M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Mar 07, 2005.
How many employees does Confirmation have?
As of Apr 01, 2024, the latest employee count at Confirmation is 1.
What is the annual revenue of Confirmation?
Annual revenue of Confirmation is $510.33K as on Mar 31, 2017.
What does Confirmation do?
Confirmation was established in 2000 in Nashville, United States, focusing on the audit and accounting sector. Electronic services for confirmations are delivered to auditors, respondents, and their mutual clients. Audit processes are managed by auditors to verify respondent authorization via authentication, ensuring adherence to GAAS and ISA 505 standards. Online platforms support the handling of confirmation requests.
Who are the top competitors of Confirmation?
Confirmation's top competitors include AuditBoard, Ocrolus and Auditoria.AI.
How many acquisitions has Confirmation made?
Confirmation has made 1 acquisition, including ProConfirm.
Who are Confirmation's investors?
Confirmation has 2 investors. Key investors include Thomson Reuters, and Great Hill Partners.
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