When was Prophit founded?

Prophit was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Prophit located?

Prophit is headquartered in Cleveland, United States.

How many employees does Prophit have?

As of Aug 31, 2026, the latest employee count at Prophit is 3.

Is Prophit a funded company?

Prophit is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Dec 09, 2019.

When was the latest funding round of Prophit?

Prophit's latest funding was a $***** Grant (prize money) round on Dec 09, 2019, with participation from 2 investors. Its primary sector is Security & Surveillance Technology. In United States, the Security & Surveillance Technology sector has seen $4.58B in funding in 2026 to date.

Where does Prophit rank among its competitors?

Prophit ranks 580th amongst 3758 active competitors, of which 452 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was TaxDown, which secured $4.65M in Mar, 2026.

Who are the top competitors of Prophit?

Prophit's top competitors include Avalara, Yoti and Kairos. Among them, TaxDown secured the most recent funding round in March, 2026.

Prophit - 2026 Company Profile, Team, Funding & Competitors

Prophit is a funded company based in Cleveland (United States), founded in 2018 by Rob Van Haaren. It operates as an E-invoicing compliance solutions. Prophit has raised an undisclosed amount in funding. The company has 3758 active competitors, including 452 funded and 319 that have exited. Its top competitors include companies like Avalara, Yoti and Kairos.

Company Details

Prophit.ai provides e-invoicing compliance software for businesses. It features AI-based solutions for invoice auditing and compliance. It offers algorithms for tax evaluation.

Website: prophit.ai
Email ID: *****@prophit.ai

Key Metrics

Founded Year

2018

Location

Cleveland, United States

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Dec 09, 2019, $*****

Investors

Right Side Capital Management & 5 more

Ranked

580^th among 3758 active competitors

Employee Count

3 as on Aug 31, 2026

Similar Companies

Cleo & 4767 more

View Prophit's full profile

Prophit has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Dec 09, 2019 for $*****. 2 investors participated in its latest round. Prophit has 6 institutional investors.

Here is the list of recent funding rounds of Prophit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 09, 2019	4208306	Grant (prize money)	3332375	4753984	4098570	3526612

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View details of Prophit's funding rounds and investors

The founders of Prophit is Rob Van Haaren.

Here are the details of Prophit's key team members:

Rob Van Haaren: Founder of Prophit.

View details of Prophit's Founder profiles and Board Members

Prophit's employee count trend

Prophit has 3 employees as of Aug 26. Here is Prophit's employee count trend over the years:

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Top competitors of Prophit include Avalara, Yoti and Kairos. Here is the list of Top 10 competitors of Prophit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 19 others	77/100
2nd	Yoti 2014, London (United Kingdom), Series B	Provider of privacy-focused identity and age solutions	$210M	HSBC, Nex.D & 12 others	75/100
3rd	Kairos 2011, Miami (United States), Series A	Provider of AI-powered identity verification, document authentication, and biometric solutions	$19.6M	500 Global, Beyond Capital Markets & 21 others	74/100
4th	Evrotrust 2015, Sofia (Bulgaria), Series B	AI based identity verification and e-Signing solution provider	$13.8M	3TS Capital Partners, BDB & 6 others	72/100
5th	Clear 2011, Bengaluru (India), Series C	Provider of software for tax compliance and financial process automation	$142M	Elevation Capital, FundersClub & 30 others	71/100
6th	Clear 2010, New York City (United States), Public	Provider of expedited identity verification services for airport security and more	$135M	T. Rowe Price, United Airlines & 22 others	71/100
7th	iProov 2011, London (United Kingdom), Series B	Platform offering digital identity verification services	$85.1M	Sumeru Equity Partners, Dhs & 39 others	70/100
8th	Mantra Softech 2006, Ahmedabad (India), Series A	Biometrics-based security and surveillance solutions	$14.2M	India SME Investments, Motilal Oswal Financial Services ... & 2 others	70/100
9th	TaxDown 2018, Madrid (Spain), Series B	Cloud and app-based tax management solutions for individuals and businesses	$26.1M	Base10 Partners, Abac Nest & 19 others	69/100
10th	itsme 2017, Brussels (Belgium), Series B	Provider of digital identity solutions for secure online transactions and signatures	$29.3M	SFPI, ING & 6 others	68/100
580th	Prophit 2018, Cleveland (United States), Funding Raised	E-invoicing compliance solutions	-	Right Side Capital Management, Forum Ventures ... & 4 others	35/100