Proven financials.
Not reported ones.
PROVEN delivers independent financial verification for PE, VC, and private credit investors, so you can act on what portfolio companies actually did, not just what they reported.
Engaging pilot partners across the United States.
Private markets run on management-reported numbers.
For decades, the industry has gotten by on quarterly reports from the portfolio companies themselves, sampled once a year by auditors. That was a model for a smaller industry making slower decisions. It hasn't aged well, and the money riding on those reports has grown faster than the verification around them.
Unverified data
The financials you receive are prepared by the teams whose performance those numbers measure. Nothing independent sits between the report and your decision.
Hidden variance
The gap between reported earnings and what actually happened is usually wider than anyone admits, and it usually surfaces too late to help.
No audit trail
When a figure is questioned, management is often not providing supporting data.
Independent of management. Reconciled to what was reported.
Independent of management
PROVEN works independently of the team whose performance the numbers measure. Nothing about our output is derived from management's own reporting.
Continuous through the hold
Verification runs on a monthly cadence throughout the investment lifecycle. Variances surface as they appear, not months later at year-end.
Traceable to evidence
Every figure ties back to a specific transaction, counterparty, and date. When the numbers are questioned, the answer is available.
Financial data should not be trusted. It should be proven.
Every figure we produce traces back to a specific document, counterparty, and date. Nothing is assumed, and nothing is inferred from what management says happened.
Built by someone who has sat on every side of the problem.
John Cunningham
Founder, PROVEN
Mr. Cunningham began his career as a CPA and auditor at Deloitte. He later served as CFO of two broker-dealer subsidiaries of Knight Trading Group, the publicly traded market-making firm, where he signed the quarterly FOCUS Reports filed with the SEC and carried personal regulatory liability for every number in them.
He then co-founded WR Capital Management, a pioneer in the multi-manager category, before serving as CFO of Two Sigma. He later co-founded Atom Investors, a technology-driven multi-manager platform launched in 2018 with $1 billion in assets.
PROVEN is the company he wishes he'd had at every job on this page.
Early conversations shape what we build.
If you're a PE, VC, or private credit investor and you think independent verification would change how you diligence or monitor portfolio companies, let's talk.