# Prove Identity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prove-identity

- Industry: Software
- Headquarters: New York, US
- Website: www.prove.com
- Total disclosed funding: $195M
- Latest round: Series H (Jun 18, 2020)
- Investors on record: 18

## About

Founded in 2008 and based in New York, US, Prove Identity, Inc., formerly known as Payfone, Inc., also known as Prove, operates as a customer identity platform that offers identity verification and authentication solutions to businesses. The company was founded by its CEO, Rodger Desai. In June 2020, Payfone, Inc. raised USD 91.77 million in the Series H funding round led by Apax Partners, BlueCross BlueShield Venture Partners, and MassMutual Ventures. The Series H round of funding values Payfone, Inc. at 443.49 million post-money.

Prove develops a SaaS (software-as-a-service)-based platform that provides identity authentication solutions that enable businesses to verify customers' identities and prevent fraud. The company's products include Prove Pre-Fill, a digital identity solution for consumer onboarding; Prove Identity, a cloud-based identity verification solution that helps businesses improve customer experience; Prove Auth, which is a passwordless and OTP-less authentication solution; and Prove Identity Manager, a phone number management platform that manages consumers' phone numbers.

## Funding rounds

- Series H, Jun 18, 2020, $92M — Apax Partners, Wellington Management, BlueCross BlueShield Venture Partners, Sandbox Industries, MassMutual Ventures, Synchrony Financial, LLC
- Series G, Apr 7, 2019, $15M — Wellington Management, TransUnion LLC, MassMutual Ventures, Synchrony Financial, LLC
- Series F, Feb 9, 2018, $23M — MassMutual Ventures, Synchrony Financial, LLC
- Series E, Jan 5, 2017, $24M — RRE Ventures, Relay Ventures, Opus Capital Ventures, BlueCross BlueShield Venture Partners, Rogers Venture Partners, Transaction Network Services Inc., American Express Ventures, Verizon Ventures, Early Warning Services, Maclab Enterprises
- Series D, Oct 7, 2013, $10M — RRE Ventures, Relay Ventures, American Express TBS, Opus Capital Ventures, Early Warning Services
- Series C, Apr 8, 2011, $19M — RRE Ventures, Verizon Investment Management Corporation, Relay Ventures, American Express TBS, Opus Capital Ventures, Rogers Venture Partners
- Series B, Jul 29, 2010, $5.1M — RRE Ventures, Relay Ventures, Opus Capital Ventures
- Series B, Feb 23, 2010, $6M — RRE Ventures, Opus Capital Ventures
- Series A, Jun 4, 2008, $1.6M — RRE Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B, Series C, Series D, Series E
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series B, Series C, Series D, Series E
- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Series B, Series C, Series D, Series E
- Verizon Investment Management Corporation — Series C
- American Express TBS — Series C, Series D
- Rogers Venture Partners (https://capitalatlas.ai/funds/rogers-venture-partners) — Series C, Series E
- Early Warning Services — Series D, Series E
- BlueCross BlueShield Venture Partners (https://capitalatlas.ai/funds/bluecross-blueshield-venture-partners) — Series E, Series H
- Transaction Network Services Inc. — Series E
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series E
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series E
- Maclab Enterprises — Series E
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series F, Series G, Series H
- Synchrony Financial, LLC — Series F, Series G, Series H
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series G, Series H
- TransUnion LLC — Series G
- Apax Partners (https://capitalatlas.ai/funds/apax-partners) — Series H
- Sandbox Industries (https://capitalatlas.ai/funds/sandbox-industries) — Series H