About ProofID
ProofID is a company based in Manchester (United Kingdom) founded in 2008 by Tom Eggleston.. ProofID has raised $22.41 million across 2 funding rounds from investors including Maven Capital Partners and BOOST&Co. ProofID has completed 1 acquisition, including Regatta SG. ProofID offers products and services including IAM Health Check, Identity Roadmap, and IAM Managed Service. ProofID operates in a competitive market with competitors including SailPoint, Saviynt, SecureAuth, NetIQ and Zilla Security, among others.
- Headquarter Manchester, United Kingdom
- Founders Tom Eggleston
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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
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- Legal Name Proofid Limited
- Date of Incorporation 01 Oct, 2008
- Jurisdiction SALFORD, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.41 M (USD)
in 2 rounds
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Latest Funding Round
$18.5 M (USD), Series B
May 11, 2022
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Investors
Maven Capital Partners
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of ProofID
ProofID offers a comprehensive portfolio of products and services, including IAM Health Check, Identity Roadmap, and IAM Managed Service. 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.
Assessment of identity management systems for security and efficiency
Strategic planning for IAM program development and deployment
Ongoing management of identity access for enterprises
Funding Insights of ProofID
ProofID has successfully raised a total of $22.41M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $18.5 million completed in May 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 B — $18.5M
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First Round
First Round
(25 Feb 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Series B - ProofID | Valuation | Maven Capital Partners |
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| Feb, 2019 | Amount | Series A - ProofID | Valuation | BOOST&Co |
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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 ProofID
ProofID has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Maven Capital Partners and BOOST&Co. 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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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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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 ProofID
ProofID has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Regatta SG. 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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Custom solutions for identity and access governance are provided.
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2014 |
| 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 - ProofID
| 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 |
Proofid Comparisons
Competitors of ProofID
ProofID 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 SailPoint, Saviynt, SecureAuth, NetIQ and Zilla Security, 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 |
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| domain | founded_year | HQ Location |
Cloud based identity governance and administration software
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| domain | founded_year | HQ Location |
Cloud-based identity governance and access management solutions are offered.
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| domain | founded_year | HQ Location |
Platform that features in customer identity and access management solutions
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| domain | founded_year | HQ Location |
Cloud-based access management solutions are offered for enterprise security.
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| domain | founded_year | HQ Location |
Cloud access security is provided via SaaS platform.
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| domain | founded_year | HQ Location |
Identity and access management solutions are provided for businesses.
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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 Proofid
Frequently Asked Questions about ProofID
When was ProofID founded?
ProofID was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is ProofID located?
ProofID is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of ProofID?
Tom Eggleston is the current CEO of ProofID. They have also founded this company.
Is ProofID a funded company?
ProofID is a funded company, having raised a total of $22.41M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.92M, raised on Feb 25, 2019.
What does ProofID do?
Provider of identity and access management solutions. Products offered by the company are ProofID IGA Identity Governance and Administration, ProofID Dashboard, and ProofID ConfigMigrator. ProofID IGA is an Identity Governance and Administration platform which automates the identity lifecycle for all types of users. It helps organizations to ensure that all of their users have the right access to applications and data. Features include role based access control, date based identity events, lifecycle management, the source of authentication, delegated administration and standards based provisioning. It can be used to provide simple user access for creating seamless identity lifecycle and strength authorization process. The company also offers IAM managed services. Technology partners include SailPoint, Microsoft, NetIQ, and Okta. Clientele includes Kingston University London, ThreatMetrix, Heriot Watt University, and Unversity of Hull.
Who are the top competitors of ProofID?
ProofID's top competitors include SailPoint, Saviynt and SecureAuth.
What products or services does ProofID offer?
ProofID offers IAM Health Check, Identity Roadmap, and IAM Managed Service.
How many acquisitions has ProofID made?
ProofID has made 1 acquisition, including Regatta SG.
Who are ProofID's investors?
ProofID has 2 investors. Key investors include Maven Capital Partners, and BOOST&Co.