How Much Did ProofID Raise?
Funding & Key Investors

ProofID, a Manchester-based specialist in managed identity management solutions, has successfully secured a significant capital injection to bolster its enterprise-grade service offerings. This major strategic investment, totaling $18.4M, underscores the firm's growing influence in the cybersecurity and identity governance landscape. With a cumulative financial backing of $18.4M, the company is well-positioned to accelerate its operational footprint across the UK, Ireland, and Asian markets.

What is ProofID?

ProofID
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ProofID operates as a critical infrastructure partner for organizations requiring robust identity management solutions. By providing managed services that streamline access control and security protocols, the company addresses the increasing complexity of digital identity in a globalized enterprise environment. Their market position is defined by a deep technical expertise in identity governance, allowing them to serve a diverse portfolio of clients across multiple high-stakes sectors. The firm's ability to deliver scalable, secure, and compliant identity frameworks has made it a preferred partner for enterprises looking to mitigate risk while optimizing user access management.

How much funding has ProofID raised?

ProofID has raised a total of $18.4M across 1 funding round:

2022

Private Equity

$18.4M

Private Equity (2022): $18.4M with participation from Maven Capital Partners UK

Key Investors in ProofID

Maven Capital Partners UK

Maven Capital Partners UK LLP is a prominent firm operating within the Venture Capital and Private Equity industry, focusing on scaling high-growth enterprises.

What's next for ProofID?

With this latest infusion of capital, ProofID is poised to enter a new phase of enterprise-level scaling. The strategic focus will likely shift toward enhancing their proprietary identity management platform and expanding their service delivery capabilities in key international territories. By leveraging the expertise of their financial partners, ProofID aims to solidify its competitive advantage in the identity-as-a-service (IDaaS) market. Future growth trajectories will likely involve deepening their integration capabilities and pursuing aggressive market penetration strategies to capture a larger share of the burgeoning identity security sector, ensuring long-term sustainability and technological leadership.

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Frequently Asked Questions Regarding ProofID Financial Insights

What are the most recent funding rounds that ProofID has completed, and what were the funding rounds?
ProofID has recently completed 1 funding rounds: Private Equity on May 11, 2022.
What is the total amount of funding ProofID has raised to date?
ProofID has raised a total of $18.4M in funding to date.
How many funding rounds has ProofID completed?
ProofID has completed 1 funding rounds.
How much funding did ProofID raise in its most recent funding round?
ProofID raised $18.4M in its most recent funding round.
Who are the lead investors in ProofID's latest funding round?
The lead investor in ProofID's latest funding round was Maven Capital Partners UK. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ProofID's history?
The largest funding round in ProofID's history was $18.4M.
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