About PROOF
PROOF is a venture capital firm founded in 2015. It is primarily based out of Reston, United States. As of Aug 2026, PROOF is an active investor, having invested in 92 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Series B round of Flagler Health Overall, PROOF portfolio has seen 18 unicorns, 8 IPOs and 17 acquisitions including key companies like Carta, Casper and Sweetgreen. A lot of funds co-invest with PROOF, with names like Streamlined Ventures sharing a substantial percentage of its portfolio. PROOF has team of 12 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 4 more
Portfolio IPOs
Deals in last 12 months
PROOF's List of Top Investments
PROOF has a portfolio of 92 companies, including 18 unicorns. Their most notable investments are in TrueData and Shuttl.Their portfolio spans across United States, Finland, Germany and 6 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 29 other sectors, across stages such as Series B, Series A and 4 more. Here is the list of top investments by PROOF:
1. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 5,728 as on Sep 30, 2026
- Investors: Meritech, Silver Lake and 140 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
2. Epic Games
Digital distribution platform for desktop PC games. It offers a range of titles, including free games, mods, and DLC content. The platform features a user-friendly interface for accessing and downloading games. The company also provides online services, such as account management and support, for users and game developers.
Key facts about Epic Games
- Founded Year: 1991
- Location: Cary (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $8.13B
- Employee Count: 11,991 as on Aug 31, 2026
- Investors: Fidelity Investments, Baillie Gifford and 82 Others
- Latest Funding Round: Series F, Feb 07, 2024, $*****
- Highlight: Editors' Pick
3. Casper
Manufacturer of foam and hybrid mattresses, pillows, and bedding accessories. The product line includes adjustable bed frames, headboards, sheets, mattress protectors, and duvets. These items are engineered to provide support and comfort for sleep. The business operates through an online store and physical retail locations.
Key facts about Casper
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $340M
- Employee Count: 806 as on Sep 30, 2026
- Investors: K2 Global, avenuealtd.com and 56 Others
- Latest Funding Round: Series D, Mar 27, 2019, $*****
- Highlight: Acquired
4. Sweetgreen
Restaurant chains offer salads and meal bowls. Its other products include chicken items, kid's meals, local food dishes, desserts, and drinks. It also provides customized food platters and supply network services.
Key facts about Sweetgreen
- Founded Year: 2006
- Location: Los Angeles (United States)
- Annual Revenue: $500M - $1B as on Dec 28, 2025
- Stage: Public
- Total Funding till date: $479M
- Employee Count: 2,868 as on Sep 30, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 43 Others
- Latest Funding Round: Series I, Sep 23, 2019, $*****
- Highlight: Public
5. Tala
Provider of financial infrastructure and credit decision models. This entity develops risk intelligence and underwriting engines designed to facilitate access to credit. The technology utilizes behavioral data to assess creditworthiness and enable financial transactions through digital interfaces.
Key facts about Tala
- Founded Year: 2011
- Location: Santa Monica (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $346M
- Employee Count: 906 as on Sep 30, 2026
- Investors: Western Technology Investment, Founders Circle Capital and 51 Others
- Latest Funding Round: Conventional Debt, Mar 20, 2025, $*****
- Highlight: Editors' Pick
PROOF's Year-on-Year Investment Trends
PROOF has invested in 92 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Aug 2026, it has made 2 investments in this year. Its most recent first time investment was in Flagler Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 4 | 0 | 4 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 3 | 0 | 3 |
2018 | 3 | 0 | 3 |
2017 | 3 | 0 | 3 |
PROOF's Investments by Stage
PROOF has made 10 investments in Series B stage with an average round size of $38.2M, 4 investments in Series A stage with an average round size of $23M and 3 investments in Series C stage with an average round size of $85.5M.Stage of entry | No. of Investments |
|---|---|
Series B | 10 |
Series A | 4 |
Series C | 3 |
Series D | 3 |
Series E | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
PROOF's Investments by Sector
PROOF has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Retail and High Tech. Notably, it has invested in 84 Tech companies, 58 Enterprise (B2B) companies, 47 Software companies and at least 39 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 10 |
Enterprise Applications | 10 |
FinTech | 5 |
Retail | 5 |
High Tech | 3 |
Others | 29 |
Note: We have considered here, only first round of investments
PROOF's Investments by Geography
PROOF has made most investments in United States (18), followed by Finland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 18 |
Finland | 1 |
India | 1 |
Israel | 1 |
Nigeria | 1 |
Note: We have considered here, only first round of investments
PROOF's recent investments
PROOF has made 2 investments in 2026 so far - Flagler Health and Ownwell.Here are the most recent investments by PROOF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 11, 2026 | United States | Series B | 9303 | ||
Feb 19, 2026 | United States | Series B | 9866 | [+6] | |
May 24, 2025 | Finland | Series A | 7934 | [+11] | |
May 14, 2025 | United States | Series B | 6911 | ||
Jul 11, 2024 | United States | Series B | 7469 | [+3] |
Unicorns in PROOF's Portfolio
PROOF has 18 unicorns in its portfolio - Kin, Swiftly, Arcadia and others. The most recent unicorn in their portfolio is Kin. It became a unicorn in 2023, 1 years after PROOF first invested in it.Here is a list of unicorns in PROOF's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | ycwmttp | ||
65 | Provider of retail technology platform for grocers and consumer brands | 2017 | Seattle | Series C | lefzclr | ||
67 | Provider of clean energy data platform and solutions for businesses. It offers end-to-end energy management solutions, streamlining data and processes for enterprises and energy innovators. Services include utility bill management, energy procurement advisory, and sustainability reporting. The platform supports various use cases for energy service providers, such as optimizing solar and storage solutions, EV charging, energy management, and property management. It helps clients lower utility costs, achieve sustainability goals, and improve energy efficiency. | 2014 | Washington, DC | Series D | ixhsmcj | ||
75 | Developer of tools for creating customizable, intelligent, and dynamic characters | 2011 | Los Angeles | Series C | tw{okwg | ||
57 | Developer of games and a platform for secondary in-game economies | 2018 | Los Angeles | Series C | adrdqea |
IPOs and Publicly Listed companies in PROOF's Portfolio
8 of PROOF's portfolio companies have become public. Teamshares got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 and EquipmentShare got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $5.24B.Here are PROOF's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | - | - | 3541 | |
Jan 23, 2026 | - | - | 7705 | |
Feb 28, 2023 | - | - | 4971 | |
Nov 18, 2021 | - | - | 7487 | |
Nov 05, 2021 | - | - | 2025 |
Acquired companies in PROOF's Portfolio
17 companies from PROOF's portfolio have been acquired. The most recent acquisition was Dragos in Jun 2026 by Accenture for $*****.Here are PROOF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 18, 2026 | - | - | 5885 | |
Nov 04, 2025 | 2018 | Series A | 6326 | |
May 21, 2025 | - | - | 7556 | |
Mar 27, 2025 | - | - | 1166 | |
Nov 04, 2024 | Jun 18, 2017 | Series C | 2070 |
Team profile of PROOF
PROOF has a team of 12 members including 3 Partners, 3 Venture Partners and 1 Principal located in United States. PROOF's team sits on the board of 1 company.Here is a list of top team members in PROOF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bethesda | |||
Partner | New York City | - | ||
Partner | Danville | - | - | |
Venture Partner | Mill Valley | - | - | |
Venture Partner | Miami Beach | - | - | |
Venture Partner | United States | - | ||
Principal | - | - |
Co-investors of PROOF
Over the past 10 years, 328 investors have co-invested in PROOF's portfolio companies. This includes funds and angels.
- Invested before PROOF: Draper, Scott Banister and 184 others have invested in rounds before PROOF. There are 2 companies where Draper has invested before PROOF and 2 companies where Scott Banister has invested before PROOF.
- Top Co-investors of PROOF: 73 investors entered a company along with PROOF. These include investors like Streamlined Ventures (2 companies).
- Invested after PROOF: A total of 69 investors have invested in PROOF's portfolio after their investments. Top Investors include Wellington (2 companies), BRV Capital Management (2 companies) and Lightspeed Venture Partners (1 company).
Recent News related to PROOF
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Ownwell Raises $50M Series B RoundMassinvestor•Feb 20, 2026•Mercato Partners, Ownwell, FDIC, Left Lane Capital and 7 others
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Hyperdrive Secures $600M Series A FundingSina•May 24, 2025•Hyperdrive, Hack VC, Arrington Capital, Delphi and 3 others
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TurbineOne Raises $36 Million in Series B FundingDefense Daily•May 14, 2025•TurbineOne, The General Partnership, Bessemer Venture Partners, XYZ Venture Capital and 2 others
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Hercules AI secures €26.8 million in Series B and bets on Europe with new office in LisbonEl Referente•Dec 31, 2024•Hercules, Streamlined Ventures, Indico Capital Partners, PROOF and 2 others
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HerculesAI reels in $26M for its AI-powered data management toolkitSiliconAngle•Jul 12, 2024•Hercules, Streamlined Ventures, PROOF, Thomson Reuters Ventures and 1 other
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Pandion Secures $41.5M in Series B Funding, Announces New Executive Team Members to Accelerate the Growth of its Residential Parcel Delivery Networkintelligence360•Mar 21, 2024•Pandion, Revolution, Playground, Prologis and 7 others
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RepeatMD Raises $50 Million in Series A Funding by Automating Revenue Generation in the Aesthetics & Wellness IndustryHerald Chronicle•Nov 27, 2023•RepeatMD, Centana Growth Partners, Full In Partners, Full In Partners and 3 others
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Salted raises $14M to expand Moonbowls, other delivery brandsrestaurantbusinessonline.com•Oct 18, 2023•Salted, Creadev, PROOF, B. Riley Financial
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Private Aviation Company Volato Combining with PROOF Acquisition I in $261M DealSPAC Conference•Aug 03, 2023•Volato, PROOF, PROOF Acquisition
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Mythical Games Raises $37 Million in First Close for Latest FundingBusiness Wire•Jun 28, 2023•Mythical, Scytale Digital, Animoca Brands, Stanford University and 8 others
