Proof Technologies, a Denver,CO-based legal tech company that offers an app streamlining service of process and e-filing, has raised $30.4 million in Series B funding.
SaaS Investors
The round was led by Long Ridge Equity Partners, with participation from Blue Heron Capital and The LegalTech Fund.
Founded in 2007, Long Ridge Equity Partners is a $1bn investment firm. Long Ridge invests in growth-stage companies that are transforming financial and business technology.
Proof Technologies Use of Funds
The company will use the funding to create a go-to-market machine, integrate e-filing with service-of-process capabilities, expand integrations with case management platforms, and enhance AI capabilities for document preparation and court filing automation.
About Proof Technologies
Founded by Eric Voogt, Proof is a legal technology company that connects law firms with experienced servers and provides real-time tracking and electronic proof-of-service, offers instant access to experienced servers nationwide, and provides the ability to track a serve in real-time from a desktop computer or mobile device. The company's platform is integrated with various case management platforms, including Clio, MyCase, and Litify.
Funding Details
Company: Proof Technology, Inc.
Raised: $30.4M
Round: Series B
Funding Month: January 2024
Lead Investors: Long Ridge Equity Partners
Additional Investors: Blue Heron Capital and The LegalTech Fund
Company Website: https://www.proofserve.com/
Software Category: Legal
Source: https://www.law.com/legaltechnews/2024/01/25/service-of-process-e-filing-tech-provider-proof-technologies-announces-30-4-million-investment/