Proof of Impact: Raises 2.3M in Seed Funding

Proof of Impact Raises 2.3M in Seed Funding

• Proof of Impact, a San Diego, CA-based next-generation platform for ESG and impact data intelligence, raised $2.3M in seed funding
• The round was led by Altera Private and Chadd Evans with participation from new investors Working Capital Fund, Oxford Angels, and Blufolio, which joined existing investors
• The new funding will allow the company to accelerate and enhance its core product offerings, and hire talent
• Proof ofImpact provides a suite of digital products to collect, verify, and visualize ESG and Impact data to draw granular insights and intelligence
• This year, the company expanded its client base, grew Annual Recurring Revenue (ARR) at a 40% monthly compounded rate, and increased their total contract values by 65x from the year prior
• Proof ofImpact also doubled its headcount to 15 employees, hiring across engineering, product, sales, and marketing