Proxy raises £35m Series B funding

Proxy, a provider of digital identities for the physical world, announced today that it has raised a £35m Series B funding round led by Scale Venture Partners with participation from existing investors Kleiner Perkins and Y Combinator and new investors Silicon Valley Bank and West Ventures.

Proxy is already in use by 60+ companies and thousands of people across the globe, from the UK and US to Australia and Japan. The financing will fuel a rapid expansion of Proxy’s breakthrough technology set and catalyse international growth across Asia, Europe, and North America.

The firm’s identity signal, emitted from a smartphone, gives people frictionless access to any space or device, similar to a universal single sign-on for the physical world.

“You can’t have a conversation with Proxy’s founders and customers and not come away completely excited about the potential for this technology,” said Alex Niehenke, Partner at Scale Venture Partners. “There are so many applications – Proxy is already seeing great success in commercial real estate and has really just scratched the surface in terms of what can be done with identity signals.”

Denis Mars, Co-Founder and CEO of Proxy said: “It’s fantastic to see the enthusiasm commercial real estate and enterprises have for creating new experiences with identity signals. With this new round, we’re going to double down on transforming the workplace experience and begin expanding into new verticals. We’re turning Proxy into the de facto digital identification technology for the physical world and look forward to working with Scale and our other investors to do so.”