About Proof
Proof is a company based in Portland (United States) founded in 2018, and was acquired by Yuga Labs in February 2024. NFT coverage is provided through podcasting services by PROOF. 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. Its chief executive, as recorded, is Kevin Rose. Its website proof.xyz draws about 24 thousand monthly visits.
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 $60M
- Total Rounds 2
- Last Round Series A — $50M
- First Round $10M
(Apr 2022)
- Investors Count 7
All 2 funding rounds of Proof 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 |
|---|---|---|---|---|---|
| Aug 2022 | $50M | Series A | – | a16z | |
| Apr 2022 | $10M | Series A | – | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Investments are made by VaynerFund in high-impact technology solutions. | vaynerfund.com | New York, United States | ||
Early-stage crypto projects in culture and consumer tech are funded. | collabcurrency.com | Eugene, United States | ||
Venture capital firm supporting AI founders through investments and community. | trueventures.com | |||
Venture capital fund focused on investing in technology startups | sevensevensix.com | Austin, United States | ||
Decentralised autonomous organization | 2020 | flamingodao.xyz | ||
A marketplace for games, NFTs, and digital collectibles is operated. | 2021 | yuga.com | Coral Gables, United States |
Investor details for Proof
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Proof
1 people are tracked at Proof (1 in leadership).
| Name | Role | Group |
|---|---|---|
Kevin Rose | CEO | Leadership |
Complete people profiles for Proof
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Proof
Proof has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Divergence Protocol.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Decentralized platform for volatility derivatives | divergence-protocol.com | Singapore | 2021 | Jul 2022 | •••• |
Complete acquisition details for Proof
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Proof
5 dated milestones of Proof across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Proof is founded.
- Funding First funding round of $10.0M.
- Acquisition Acquires Divergence Protocol.
- Funding Latest funding round, Series A, of $50.0M.
- Exit Acquired by Yuga Labs.
Web traffic of Proof
The website of Proof (proof.xyz) receives about 24.2K visits a month.
- Monthly visits24.2K
▲ 50.2% vs previous month
Websites whose visitors overlap most with Proof. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trlab.com | 100% | 1.5K | #9,599,192 | View details | |
arabbank.ch | arabbank.ch | 85% | #3,722,767 | – |
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Frequently Asked Questions about Proof
Proof was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Proof is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Kevin Rose is the CEO of Proof, as recorded in our data.
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 2022.
NFT coverage is provided through podcasting services by PROOF.
Proof has made 1 acquisition, including Divergence Protocol.
Proof has 8 investors. Key investors include Yuga Labs, Flamingo DAO, Andreessen Horowitz, SV Angel, and VaynerFund.
Yes. Proof was acquired by Yuga Labs in February 2024.