Proof Technology – the service of process and e-filing technology platform company – has announced the closing of a $30.4 million Series B funding round led by Long Ridge Equity Partners with participation from existing investors, including Blue Heron Capital and The LegalTech Fund. And Proof’s litigation services marketplace provides law firms and government agencies with document delivery through a nationwide network of process servers, electronic court filing services, and remote notarization.
The company plans to utilize the new capital to accelerate revenue growth, expand electronic filing capabilities, enhance integrations with legal industry case management software, and more deeply embrace AI to create additional efficiencies for its users.
Over 5,000 law firms and government agencies currently use Proof’s platform to deliver or e-file close to 20,000 documents each month. And documents processed and served through the Proof platform are executed with higher delivery success rates and within shorter time frames, as compared to industry averages. Proof’s expansive network of process servers are located across the entire country, including within U.S. territories.
Legal documents uploaded to the platform by Proof users are analyzed by the company’s proprietary AI-powered technology for capturing all necessary information including court location, parties involved, documents to deliver, and applicable rules, all of which are used to identify and locate the best-positioned process server to deliver those documents with speed, transparency, and accuracy.
Users can now access the Proof marketplace online or via integrations with several popular legal technology platforms including Clio, Litify, and MyCase. The company plans to introduce new integrations with additional solutions in the near future.
KEY QUOTES:
“Since our founding, we’ve been helping law firms, corporations, and government agencies more easily serve and file summons, subpoenas, complaints, and other legal documents anywhere in the country, dramatically reducing the time and hassle involved in serving and filing legal documents. As we pursue our vision of becoming the online marketplace where, at the touch of a button, lawyers can obtain all litigation services that require human intervention, we are thrilled to have Long Ridge join our existing investor group.”
– Eric Voogt, Proof’s Founder and CEO
“In a segment of the legal industry that will always require the involvement of human beings, Proof’s platform continues to be a disrupter and leading choice for process serving, e-filing, and other litigation services. We look forward to working with Eric and the team and supporting the company as it continues to evolve service offerings, expand its customer base, and capitalize on its tremendous growth opportunities.”
– Jim Brown, Long Ridge Managing Partner and Founder
