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Proof Group is an investmrnt company.
Proof Group partners with builders of important technologies, investing in novel protocols and complex capital structures while operating validators and infrastructure across major networks.
Key people at Proof Group.
# Proof Group: A New Model for Tech Investing
Proof Group is a private investment firm based in Menlo Park, California, focused on acquiring and revitalizing distressed technology and infrastructure companies—sometimes even from bankruptcy. The firm’s mission is to partner deeply with founders and builders, not just as capital providers but as active operators and strategic advisors. Proof Group’s investment philosophy centers on conviction, long-term partnership, and hands-on involvement, often stepping in during complex or messy situations where most investors hesitate. Their key sectors include fintech, blockchain infrastructure, AI compute, and novel protocols, with a particular emphasis on companies building foundational technologies that move money and process data at scale.
Proof Group has a significant impact on the startup ecosystem by helping founders navigate difficult exits, restructure failing ventures, and launch new projects from the ashes of previous ones. They provide not only capital but also operational support, liquidity, and access to institutional networks, enabling founders to build and scale in challenging environments. Their approach is especially valuable in the current tech landscape, where market volatility and regulatory uncertainty have created a wave of distressed assets and founder burnout.
Proof Group was founded by Noah Jessop, a seasoned operator and investor with deep roots in both traditional finance and the crypto ecosystem. Jessop previously sold Honeyminer to Core Scientific and played a key role in Facebook’s digital currency project. He assembled a team with extensive experience running critical infrastructure at Goldman Sachs, the CME, and major early crypto institutions, as well as scaling AI compute at large tech firms. The firm’s evolution reflects Jessop’s belief that the most valuable opportunities often arise in the aftermath of failure or crisis, and that the best way to create value is to become a true partner—not just a passive investor.
Proof Group’s focus on distressed tech and infrastructure emerged from Jessop’s firsthand experience with the challenges of scaling and exiting startups in volatile markets. The firm’s ability to step in during complex situations—whether bankruptcy, founder disputes, or regulatory hurdles—has become a defining feature of its identity and a source of competitive advantage.
Proof Group is riding the wave of market volatility and regulatory uncertainty that has swept through the tech and crypto sectors in recent years. As more startups face financial distress, founder burnout, and regulatory challenges, the demand for firms that can help navigate complex exits and rebuild ventures has surged. Proof Group’s ability to step in during these moments of crisis positions them as a stabilizing force in the ecosystem, helping to preserve value and accelerate innovation.
Their focus on infrastructure—especially in fintech, blockchain, and AI—aligns with broader trends toward decentralization, institutional adoption, and the need for robust, scalable systems. By supporting founders through uncertainty and providing operational expertise, Proof Group is helping to shape the next generation of tech companies and protocols.
Proof Group is poised to play an increasingly important role in the tech ecosystem as market volatility and regulatory complexity continue to create opportunities for distressed asset investing and founder support. Their unique blend of operational expertise, institutional network, and long-term horizon gives them a distinct advantage in a landscape where most investors are risk-averse or short-term focused.
Looking ahead, Proof Group is likely to expand its footprint in both traditional fintech and emerging crypto infrastructure, while continuing to help founders navigate the messy realities of startup life. As the tech industry grapples with the aftermath of the recent boom-and-bust cycle, firms like Proof Group will be essential in preserving value, accelerating innovation, and ensuring that the next wave of breakthroughs can emerge from the ashes of the last. Their story is a reminder that sometimes, the most valuable partnerships are forged in the fire of crisis.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 12, 2022 | Valory | $4.0M Seed | True Ventures | ATKA, PrimeBlock Ventures, Semantic Ventures, Signature Ventures |
| Jun 1, 2022 | Astaria | $8.0M Seed | — | A Capital, Polygon, Jehan Chu, Mariano Conti, Stani Kulechov, Alex Svanevik, Andrew Thurman, Anthony Sassano, Avi Meyers, Corbin Page, Dean Eigenmann, Galen Law-Kun, Ivangbi, James Prestwich, Kartik Talwar, mariano .eth, Meltem Demirors, Nick Emmons, Philipp Zentner, Sam Kazemian, Tim Beiko, Arrington Capital, Ethereal Ventures, Flow Traders, Genblock Capital, Genesis, Hypersphere Ventures, LedgerPrime, MGNR, P2P, Republic Capital, Texture, The LAO, True Ventures, Wintermute |
| Jul 28, 2021 | Biconomy | $9.0M Other Equity | DACM, Andrew Kang | Hasu, Prabhakar Reddy, Stani Kulechov, Stephane Gosselin, Bain Capital Ventures, Coinbase Ventures, CoinFund, Eden Block, Genblock Capital, HTX Ventures, LedgerPrime, NFX, Primitive Ventures, Rarestone Capital, Adam D'Augelli, Woodstock Fund, Zee Prime |