About ProctorFree
ProctorFree is a company based in Huntersville (United States) founded in 2012.. ProctorFree has raised $3.95 million across 5 funding rounds from investors including VentureSouth, Real Ventures and TFX Capital. ProctorFree offers products and services including Fully Automated Proctoring, Human-Assisted Proctoring, Secure Browser, Proctored Exam Delivery, and LMS Integrations. ProctorFree operates in a competitive market with competitors including Mettl, Examity, Honorlock, ProctorU and HigherNext, among others.
- Headquarter Huntersville, United States
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.95 M (USD)
in 5 rounds
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Latest Funding Round
$675 K (USD), Seed
Jan 24, 2019
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Investors
VentureSouth
& 4 more
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Employee Count
Employee Count
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Products & Services of ProctorFree
ProctorFree offers a comprehensive portfolio of products and services, including Fully Automated Proctoring, Human-Assisted Proctoring, Secure Browser, Proctored Exam Delivery, and LMS Integrations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automated system for remote exam monitoring and integrity checks
Combines AI with human oversight for secure test administration
Browser that prevents cheating during online exams
Platform for delivering and monitoring exams remotely
Connections with systems like Canvas for seamless proctoring
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Funding Insights of ProctorFree
ProctorFree has successfully raised a total of $3.95M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $675 thousand completed in January 2019. 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 5
- Last Round Seed — $675,000
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First Round
First Round
(17 Jun 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Seed - ProctorFree | Valuation |
investors |
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| Sep, 2017 | Amount | Seed - ProctorFree | Valuation | VentureSouth |
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| Jan, 2016 | Amount | Seed - ProctorFree | Valuation | Real Ventures |
| 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 ProctorFree
ProctorFree has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include VentureSouth, Real Ventures and TFX Capital. 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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Early-stage ventures in the Southeast are supported by VentureSouth.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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TFX Capital is focused on investing in early-stage startups.
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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 ProctorFree
| 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 |
Financial Statements - ProctorFree
| 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 |
Proctorfree Comparisons
Competitors of ProctorFree
ProctorFree 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 Mettl, Examity, Honorlock, ProctorU and HigherNext, 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 |
Online assessments for pre-hires and employees' skills are conducted.
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| domain | founded_year | HQ Location |
Proctored examination provider
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| domain | founded_year | HQ Location |
Online proctoring platform is offered for educational institutions.
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| domain | founded_year | HQ Location |
Distance proctoring for online exams
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| domain | founded_year | HQ Location |
Online proctoring and test administration platform is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Proctorfree
Frequently Asked Questions about ProctorFree
When was ProctorFree founded?
ProctorFree was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is ProctorFree located?
ProctorFree is headquartered in Huntersville, United States. It is registered at Huntersville, North Carolina, United States.
Is ProctorFree a funded company?
ProctorFree is a funded company, having raised a total of $3.95M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.29M, raised on Jun 17, 2013.
What does ProctorFree do?
ProctorFree was established in 2012 and is headquartered in Huntersville, United States. An online platform is operated to deliver automated proctoring services for examinations, incorporating biometric and machine learning technologies. Full-service test proctoring and exam delivery are provided to schools, businesses, and organizations, with features for secure online learning, testing, and continuous identity verification in the education technology sector.
Who are the top competitors of ProctorFree?
What products or services does ProctorFree offer?
ProctorFree offers Fully Automated Proctoring, Human-Assisted Proctoring, Secure Browser, Proctored Exam Delivery, and LMS Integrations.
Who are ProctorFree's investors?
ProctorFree has 5 investors. Key investors include VentureSouth, Real Ventures, TFX Capital, Charlotte Venture Challenge, and NC IDEA.