ProofID offers consultancy and managed IAM services to enterprise customers across the U.K., Europe and North America. Founded in 2014 and based in Manchester, the company supports customers with identity and access management solutions. The business benefits from high levels of recurring revenue and has experienced significant growth since establishment. ProofID plans to use new funding to forge partnerships with other IAM vendors, pursue acquisitions and expand its sales, marketing and technical teams. Management expects the investment to support adding new services and vendor partnerships to its portfolio to better serve customers. The wider market backdrop cited in the article notes strong projected growth in the global IAM market.

Total raised

$19M

Funding rounds

1

Latest round

Equity

Latest activity

May 2022