# Proven

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/proven-2

- Industry: Software
- Headquarters: New York, US
- Website: www.proven.tools
- Total disclosed funding: $16M
- Latest round: Seed (Mar 9, 2023)
- Investors on record: 1

## About

Based in New York, US, and founded in 2022 by co-founder Richard Dewey, Proven operates as a cryptography company that develops zero-knowledge proofs that enable exchanges, stablecoins, asset managers, and custodians to prove their solvency to customers, lenders, and regulators on a daily schedule. In March 2023, Proven raised USD 15.8 million in seed funding led by Framework Ventures.

The company provides ZeKnow Solv, and ZeKnow Books that enable exchanges, stablecoins, asset managers, and custodians to harness next-generation cryptographic tools, such as zero-knowledge proofs and homomorphic encryption to make markets safer for everyone. Proven helps firms across both traditional finance and crypto prove solvency without risk. The firm’s client base includes exchanges, stablecoins, and lenders including Coinlist, Bitso, TrueUSD, and M11 Credit, among others.

The company plans to use its proceeds from March 2023 funding to expand its staff and further develop its zero-knowledge-based technological infrastructure.

## Funding rounds

- Seed, Mar 9, 2023, $16M — Framework Ventures

## Investors

- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed