Tech Company Financing Transactions
Prove Identity Funding Round
MassMutual Ventures and Capital One Growth Ventures participated in a $40 million funding round for Prove Identity. The financing round was announced by the company on 10/17/2023.
Transaction Overview
Company Name
Announced On
10/17/2023
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
MassMutual Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to launch new commerce enablement and fraud-fighting use cases, continue global expansion, and address the evolving threats faced by all public and private institutions operating in the digital economy.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Website
Email Address
Overview
Prove is the modern way for businesses to enable their customers to prove their identities. Prove offers phone-centric solutions that enable its customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security and enhancing consumer privacy & consumer choice. Prove's solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rodger Desai
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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