Technology

Proof Technology, Inc., a Legal Services Marketplace, Closes $7M Series A to Continue Rapid Scale

Proof Technology, Inc., a Legal Services Marketplace, Closes $7M Series A to Continue Rapid Scale

DENVER, March 9, 2022 /PRNewswire/ — Proof Technology, Inc., the e-filing platform and process service that provides document delivery and filing through a network of law firms and process-serving companies , today announced a $7 million Series A funding round led by Blue Heron Capital, an operations-focused growth equity fund, and The LegalTech Fund, an early-stage, capital-focused investor. sector. Clio Ventures along with existing investors Forward VC and Crossbeam Venture Partners are contributing to the round. Since launching its technology in 2018, Proof Technology has more than 3,500 law firms and government agencies using its platform for electronic document delivery and filing across United States. Proof Technology will use this new capital to scale the platform, attract new users and meet the unique needs of existing customers.

“Blue Heron, The LegalTech Fund and the Syndicate of Investors represent a seasoned group of venture capitalists who have deep experience in legal services. As we continue to expand our presence across United Stateswe know we need partners who can help us scale nationally and continue to gain market share in the litigation market,” said Eric Voogt, founder and CEO of Proof. “Most importantly, the firms in this round are a cultural fit that understands our company’s vision and the potential of our platform within the litigation practice ecosystem. We couldn’t be more delighted to have such a strong group of investors backing us. “

As part of the round, Blue Heron Operating Advisor, Chris Weiller, will join the board of directors of Proof. Chris is currently Co-Founder and CEO of KLDiscovery, a global leader in providing best-in-class eDiscovery, Information Governance and Data Recovery solutions for Law Firms, Enterprises, Government Agencies and consumers. “Proof is a unique platform that is disrupting the process services market with easy-to-use technology,” said Chris Weiller. “I am thrilled to be working with Eric and the entire Proof team to continue their impressive growth trajectory.”

“We were thrilled with Proof’s work, both from a product standpoint and in addressing a key market need,” said Zach Posner, managing partner of the LegalTech Fund. “Proper service reduces barriers in the legal system, and Proof brings real innovation to the field. We’re excited to work with Eric and the team to help them accelerate their work even further.”

“When we launched Clio Ventures, we hoped to find startups that demonstrated innovative ways technology could improve the legal process,” said Shubham Datta, Vice-President Corporate Development at Clio. “Proof exemplifies our approach by improving the process service, which until now could be unreliable and inefficient. We are excited to be part of Proof’s initial growth as they continue to optimize an important part of the legal workflow. , which we are passionate about unlocking for our customers.”

About Proof Technology, Inc.

Proof Technology through the Proof™ marketplace offers the legal industry the only single platform that directly connects law firms, attorneys general and pro se parties directly with process servers for the physical delivery of legal documents. The core Proof™ platform combines machine learning that “reads” court documents and automatically extracts case caption information, geolocation of the processing server closest to the defendant or witness address, remote printing via integration with FedEx offices, and in real time, specific affidavits that combine case caption information with automatically captured field attempt data (geolocations and timestamps) and server efforts treatment (photographs and a description of the attempt). Proof Technology’s easy-to-use platform provides legal practitioners with a fast, accurate, and fully transparent experience that provides real-time updates and service jurisdiction-specific documentation. For more information, visit Evidence.

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SOURCE Proof Technology, Inc.