About Confirmation
Confirmation is a Technology company based in Nashville (United States) founded in 2000, and was acquired by Thomson Reuters in June 2019. Electronic audit confirmation services are provided to auditors and clients. Confirmation has raised $63 million across 2 funding rounds from investors including Thomson Reuters and Great Hill Partners. The company has 1 employees. Confirmation has completed 1 acquisition, including ProConfirm. Its website confirmation.com draws about 126 thousand monthly visits. The company was acqui-hired. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its legal entity in India is Confirmation.Com India Private Limited (U74900MH2016FTC274218). Its competitors include AuditBoard, Ocrolus and Auditoria.AI; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Nashville, United States
- Employees 1
- Stage Acquired
- SectorsTechnology
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website confirmation.com
- Social LinkedIn X Facebook
- Acquired by Thomson Reuters (Jun 2019)
- Legal Name Confirmation.Com India Private Limited
- Date of Incorporation 11 Mar, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity net loss-₹32,500
FY 2022 · 0% margin
- Indian entity EBITDA-₹2,500
FY 2022 · 0% margin
- Total Equity Funding$63M (USD)
in 2 rounds
- Latest Funding Round$60M (USD), Series B
Oct 2016
- InvestorsThomson Reuters
& 1 more
- Employee Count1
- Investments & Acquisitions
- Acquired byThomson Reuters
(Jun 2019)
Associated legal entities of Confirmation
Confirmation operates through Confirmation.Com India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Confirmation.Com India Private Limited CIN U74900MH2016FTC274218 | Active | 11 Mar 2016 | Mumbai, Maharashtra | 2 | View details |
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 $63M
- Total Rounds 2
- Last Round Series B — $60M
- First Round $3M
(Mar 2005)
- Investors Count 1
All 2 funding rounds of Confirmation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $60M | Series B | – | Great Hill Partners | – |
| Mar 2005 | $3M | Series A | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business acquisitions are targeted by the private equity firm. | greathillpartners.com | Boston, United States | ||
Cloud-based legal management and data services are provided for businesses. | 2008 | thomsonreuters.com | Toronto, Canada |
Investor details for Confirmation
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Board of directors of Confirmation.Com India Private Limited (Confirmation)
Confirmation.Com India Private Limited is the primary company behind Confirmation. The board of Confirmation.Com India Private Limited currently have 2 directors; the longest-serving is Shreeram Varahan, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shreeram Varahan DIN 08158846 | Director | 23 Sep 2019 | 7 yrs 1 mo | Confirmation.Com India Private Limited |
| Samir Malik DIN 07708214 | Director | 23 Sep 2019 | 7 yrs 1 mo | Confirmation.Com India Private Limited |
Financials of Confirmation
Figures of Confirmation.Com India Private Limited, the primary company behind Confirmation, for FY 2022. Net loss was -₹32,500 (0% margin). EBITDA was -₹2,500 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹32,500Net loss · 0% margin
- -₹2,500EBITDA · 0% margin
- ₹3.30 CrPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Confirmation.Com India Private Limited are on its company page.
Detailed financial statements for Confirmation
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Confirmation
Confirmation has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ProConfirm.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electronic audit confirmations are provided to accounting firms and banks. | proconfirm.com | London, United Kingdom | 2012 | Jul 2014 | •••• |
Complete acquisition details for Confirmation
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Confirmation
5 dated milestones of Confirmation across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Confirmation is founded.
- Funding First funding round of $3.0M.
- Acquisition Acquires ProConfirm.
- Funding Latest funding round, Series B, of $60.0M.
- Exit Acquired by Thomson Reuters.
Competitors of Confirmation
Confirmation has 3 listed competitors in our database, 3 of them funded. They include AuditBoard, Ocrolus and Auditoria.AI.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auditboard.com | 2014 | Cerritos, United States | $43.61M | 642 | Cloud-based GRC and audit management solutions are provided. | |
| ocrolus.com | 2014 | New York, United States | $122.31M | 145 | Provider of bank accounts auditing solutions for businesses | |
| auditoria.ai | 2019 | Menlo Park, United States | $60.52M | 26 | AI-driven audit automation solutions for enterprises are provided. |
Detailed competitors of Confirmation
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Web traffic of Confirmation
The website of Confirmation (confirmation.com) receives about 125.8K visits a month and ranks #401,979 among all websites worldwide, #1,025 in Accounting and Auditing.
- Monthly visits125.8K
▲ 79.8% vs previous month
- Unique visitors27.4K
per month
- Global rank#401,979
among all websites
- Category rank#1,025
Finance · Accounting and Auditing
- Bounce rate32%
- Pages per visit4.0
- Average visit3 min 22 sec
- DevicesDesktop 64% · Mobile 36%
Websites whose visitors overlap most with Confirmation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aaahq.org | 100% | #200,249 | View details | ||
| retheauditors.com | 92% | View details | |||
journalofaccountancy.com | journalofaccountancy.com | 84% | #268,210 | – | |
| riskpro.in | 80% | 14.6K | #2,855,293 | View details | |
| scoreme.in | 80% | 8.3K | #2,007,411 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Confirmation
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- 13 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Confirmation (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Confirmation
Complete news archive for Confirmation
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Frequently Asked Questions about Confirmation
Confirmation was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Confirmation is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
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 2005.
Confirmation has 1 employees.
Annual revenue of Confirmation is $510.33K as on Mar 31, 2017.
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.
Confirmation's top competitors include AuditBoard, Ocrolus and Auditoria.AI.
Confirmation has made 1 acquisition, including ProConfirm.
Confirmation has 2 investors. Key investors include Thomson Reuters, and Great Hill Partners.
Confirmation operates through Confirmation.Com India Private Limited.
Yes. Confirmation was acquired by Thomson Reuters in June 2019.
The legal entities of Confirmation currently have 2 directors, including Shreeram Varahan, Samir Malik.