About PROVEN
PROVEN is a company based in San Francisco (United States) founded in 2005 by Ming S Zhao.. PROVEN has raised $23.32 million across 5 funding rounds from investors including NewH2, Y Combinator and Soma Capital. PROVEN operates in a competitive market with competitors including ADP, UKG, Randstad, Bullhorn and Insperity, among others.
- Headquarter San Francisco, United States
- Founders Ming S Zhao
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Sectors
Business ServicesHealthcare
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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
$23.32 M (USD)
in 5 rounds
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Latest Funding Round
$12.2 M (USD), Series A
Sep 12, 2023
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Investors
NewH2
& 2 more
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Employee Count
Employee Count
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Funding Insights of PROVEN
PROVEN has successfully raised a total of $23.32M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $12.2 million completed in September 2023. 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 Series A — $12.2M
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First Round
First Round
(01 Jun 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series A - PROVEN | Valuation | NewH2 |
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| Jun, 2020 | Amount | Series A - PROVEN | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - PROVEN | Valuation |
investors |
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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 PROVEN
PROVEN has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include NewH2, Y Combinator and Soma 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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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Soma Capital to 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 PROVEN
| 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 - PROVEN
| 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 |
Proven Comparisons
Competitors of PROVEN
PROVEN 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 ADP, UKG, Randstad, Bullhorn and Insperity, 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 |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Proven
Frequently Asked Questions about PROVEN
When was PROVEN founded?
PROVEN was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Where is PROVEN located?
PROVEN is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of PROVEN?
Ming S Zhao is the current CEO of PROVEN. They have also founded this company.
Is PROVEN a funded company?
PROVEN is a funded company, having raised a total of $23.32M across 5 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Jun 01, 2015.
What does PROVEN do?
The company was founded in 2005 and is headquartered in San Francisco, United States. Operations focus on the skincare sector as an internet-first brand, where personalized products such as toners, serums, moisturizers, and eye creams are offered. Additional customization options for skin care routines are available. Products are formulated to be cruelty-free and paraben-free, with distribution handled primarily through the companys domain.
Who are the top competitors of PROVEN?
PROVEN's top competitors include Randstad, Alera Group and UKG.
Who are PROVEN's investors?
PROVEN has 3 investors. Key investors include NewH2, Y Combinator, and Soma Capital.
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