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PROOF is an expansion-stage venture capital firm founded in 2015 and based in the United States. The firm focuses on identifying and supporting companies that are ready for significant growth, particularly in the B2B SaaS and enterprise sectors. Currently, PROOF manages over $700 million in assets under management (AUM) and has made a total of 103 investments across various industries.
Since its inception, PROOF has established itself as a key player in the venture capital space, emphasizing partnerships with leading early-stage investors and experienced operators. This collaborative approach allows PROOF to access top-performing companies backed by top-tier venture capital funds. The firm operates primarily out of New York City and has built a reputation for disciplined deployment of capital.
PROOF invests in hypergrowth and breakout companies across several sectors, including AI, fintech, healthtech, gaming and content, cybersecurity, and foodtech. The firm targets various stages of investment, ranging from pre-seed to growth equity, allowing it to engage with companies at different points in their development. Check sizes typically align with the firm's focus on expansion-stage investments, although specific ranges are not disclosed.
In its investment strategy, PROOF emphasizes partnerships with leading early-stage investors and experienced operators to maximize returns. The firm leverages pro rata rights and co-investment opportunities to enhance the growth potential of its portfolio companies. This approach not only provides financial backing but also strategic support, ensuring that the companies are well-positioned for success.
PROOF's portfolio includes notable companies that exemplify its investment strategy. Key portfolio companies include:
These companies reflect PROOF's commitment to investing in sectors with high growth potential, particularly in technology and innovative solutions.
Thanas Delistathis: Co-Founder, Managing Partner. Thanas has extensive experience in venture capital and has led numerous successful investments in the tech sector.
John Burke: Co-Founder, Managing Partner. John brings a wealth of knowledge in scaling businesses and has a strong background in B2B SaaS.
Bryan Ciambella: General Partner. Bryan specializes in identifying high-potential startups and has a track record of successful exits.
Jennifer Schretter: General Partner - Secondaries. Jennifer focuses on secondary investments and has expertise in market analysis.
Prince Khaled Bin Alwaleed: General Partner - International. Prince Khaled has a global perspective on investment opportunities and has worked with various international firms.
Ha Dao: Associate. Ha supports the investment team in deal sourcing and due diligence.
Andy Hayes, CFA: General Partner - Fundraising and Investor Relations. Andy manages relationships with limited partners and oversees fundraising efforts.
Maggie Varona: Chief Financial Officer. Maggie handles the financial operations of the firm.
Michael Zarlenga: General Counsel. Michael provides legal guidance and oversight for the firm's investments.
Melanie Ness: Controller. Melanie manages the firm's accounting and financial reporting.
Peter Harrison: Venture Partner. Peter brings extensive industry experience and insights to the investment team.
Lisa Suennen: Venture Partner. Lisa focuses on healthcare investments and has a strong background in healthtech.
Ekta Tolani: Venture Partner. Ekta specializes in fintech and has a deep understanding of financial technologies.
Zeid Masri: Venture Partner. Zeid has expertise in cybersecurity and technology investments.
To pitch to PROOF, startups should visit their contact page at proof.vc/contact. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. PROOF values clear communication and detailed information in the pitch materials.
Response times may vary, but founders should expect a thorough review process. Warm introductions are preferred, as they can facilitate a more favorable evaluation of the pitch.
As of March 2023, PROOF has made a total of 103 investments, reflecting its active engagement in the venture capital space. The firm continues to focus on sectors such as AI, fintech, healthtech, gaming, and cybersecurity.
Recent activity indicates that PROOF is committed to enhancing its portfolio companies' growth through strategic partnerships and co-investment opportunities. However, no specific recent blog activity or updates have been detected.
What are PROOF's investment criteria?
PROOF focuses on hypergrowth and breakout companies across sectors such as AI, fintech, healthtech, gaming, cybersecurity, and foodtech. The firm invests at various stages, including pre-seed, seed, and growth equity.
How can startups apply or pitch to PROOF?
Startups can pitch to PROOF through their contact page at proof.vc/contact. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes PROOF different from other venture capital firms?
PROOF differentiates itself by focusing on hypergrowth companies and leveraging partnerships with early-stage investors and experienced operators. This approach allows them to access top-performing companies and maximize returns.
What is PROOF's geographic scope?
PROOF primarily invests in companies based in the United States, focusing on sectors that are experiencing rapid growth.
What is the typical check size for investments?
While specific check sizes are not disclosed, PROOF's investments are aligned with their focus on expansion-stage companies, indicating substantial financial backing.
What kind of post-investment involvement does PROOF have?
PROOF enhances its portfolio companies' growth by leveraging pro rata rights and co-investment opportunities, ensuring that they maximize returns and access additional resources.
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