Apax Digital leads Prove $100M growth investment (Jun 2020)

In June 2020, identity platform Prove (then Payfone) raised $100 million led by the Apax Digital Fund, with participation from existing investors. Dealroom now records GROWTH EQUITY NON VC (Jun 2020, $100M) with Apax Digital as lead.

Prove (HQ New York City, United States) provides phone-centric digital identity authentication and fraud prevention for banks, insurers, telcos and other enterprises. This is a clear US HQ software investment via Apax’s Digital growth vehicle (cite Apax Digital as the investor; Apax Partners is the firm platform).

Source: Prove — $100M from Apax Digital Fund: https://www.prove.com/blog/prove-announces-100-million-investment-from-apax-digital-fund
Apax — Prove partnership: https://www.apax.com/partnerships/prove/