About Proof
Proof is a company based in Portland (United States) founded in 2018 was acquired by Yuga Labs in February 2024.. Proof has raised $60 million across 2 funding rounds from investors including Yuga Labs, Flamingo DAO and Andreessen Horowitz. Proof has completed 1 acquisition, including Divergence Protocol.
- Headquarter Portland, United States
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Funding Insights of Proof
Proof has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in August 2022. 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 A — $50.0M
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First Round
First Round
(26 Apr 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Proof | Valuation | a16z | |
| Apr, 2022 | Amount | Series A - Proof | Valuation |
investors |
| 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 |
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Investors in Proof
Proof has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Yuga Labs, Flamingo DAO and Andreessen Horowitz. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location | |
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Investments are made by VaynerFund in high-impact technology solutions.
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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 Proof
Proof has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Divergence Protocol. 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
|
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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Decentralized platform for volatility derivatives
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2021 |
| 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 - Proof
| 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 |
Proof Comparisons
Competitors of Proof
| 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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Frequently Asked Questions about Proof
When was Proof founded?
Proof was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Proof located?
Proof is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Proof?
Kevin Rose is the current CEO of Proof.
Is Proof a funded company?
Proof is a funded company, having raised a total of $60M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Apr 26, 2022.
What does Proof do?
NFT coverage is provided through podcasting services by PROOF.
How many acquisitions has Proof made?
Proof has made 1 acquisition, including Divergence Protocol.
Who are Proof's investors?
Proof has 8 investors. Key investors include Yuga Labs, Flamingo DAO, Andreessen Horowitz, SV Angel, and VaynerFund.