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ProofSpace
Techstars '24London, GB · Founded 2018 · 8 employees on LinkedIn · 1 known investors
Find your way into ProofSpace
ProofSpace provides user-centric identity credentials and verification infrastructure for the internet. The platform enables consumers and enterprises to manage reusable, verifiable identity credentials that protect users while improving enterprise operations.
Also known as ProofSpace
Founders & leadership
ProofSpace was founded in 2018 by Nick Mason.
Investors · 1
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Company profile
researched Sep 2026ProofSpace is an identity technology company headquartered in London, UK, that operates an "identity hub" for issuing and verifying Verifiable Credentials and for enabling organizations to create and participate in trusted identity ecosystems (TIDEs). The platform is aimed at the reusable verified identity market, in which credentials issued by one party can be presented to and verified by many other organizations, reducing repeated verification work and supporting interoperability, privacy and user control.
The product is positioned around integration in a multi-wallet, multi-credential environment: it harmonizes trusted user data originating from multiple third parties, wallet types and credential formats into goal-oriented identity workflows. A no-code interface allows organizations to orchestrate different credential sources into a unified issuance and verification workflow at scale, with privacy-preserving verification patterns and cross-ecosystem interoperability, described as ecosystems and services interoperating as a global network.
Business model
ProofSpace sells its identity hub to organizations on a subscription licensing model. After an early angel round, the company has been bootstrapped since 2021 and reports positive cash flow, operating with a lean, capital-efficient approach.
Subscription-based licensing of the identity hub platform.
Traction
KuppingerCole reported in December 2024 that ProofSpace had been bootstrapped since 2021 while maintaining positive cash flow.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
ProofSpace competes in the reusable verified identity segment and was recognized as a Rising Star by analyst firm KuppingerCole in December 2024. Its positioning is aligned with regulatory initiatives such as the European Union Digital Identity (EUDI) framework, the UK digital identity and attributes trust framework, and eIDAS 2.0.
Differentiation is based on solving integration friction across multiple third-party data sources, wallets and credential formats in a multi-wallet world; no-code orchestration of credentials into goal-oriented workflows; privacy-preserving verification; and an emphasis on user engagement and network effects, with credentials designed to provide ongoing utility within and across ecosystems.
Technology
The platform issues and verifies Verifiable Credentials at scale and supports digital wallets and credential types from multiple providers, orchestrated through a no-code interface into unified identity workflows. It is built to align with standards and frameworks including eIDAS 2.0, mobile driver's licences (mDLs) and electronic IDs (eIDs). Hyperledger Indy scalability has been identified as a technical constraint for the architecture.
Go-to-market
Go-to-market messaging is aligned with EUDI and the UK digital identity and attributes trust framework, targeting organizations facing reusable identity and regulatory requirements; the company also participated in the Techstars Web3 2024 accelerator class.
Organizations that issue or rely on verified identity data and wish to participate in trusted identity ecosystems, including enterprises seeking to reduce repeated verification work and to meet European and UK digital identity requirements.
Geography
Headquartered in London, UK, with geographic focus on the UK, Europe, the GCC, the Philippines and Japan.
History
KuppingerCole records the company as founded in 2019 and headquartered in London, UK, with a $500,000 angel round raised in 2019/2020 and bootstrapped operations from 2021. In 2024 ProofSpace was one of 12 teams in the Techstars Web3 accelerator class, and in December 2024 it received KuppingerCole's Rising Star recognition.
Risks & controversies
Identified execution challenges include Hyperledger Indy scalability constraints, the need to strengthen third-party wallet orchestration tooling, limited pre-built integrations with SaaS and identity-lifecycle systems, and the need to educate organizations on the benefits of reusable identity.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsAnalyst firm KuppingerCole published a Rising Star report on ProofSpace, authored by Anne Bailey, and awarded the company a Rising Star badge in 2024.
ProofSpace, described as a no-code platform for reusable identity and led by founder/CEO Nick Mason, was named as one of 12 founding teams in the Techstars Web3 accelerator class of 2024.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
- Rising Star: Rising Star ProofSpace | KuppingerColekuppingercole.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does ProofSpace do?
- ProofSpace is a London-based identity hub for issuing and verifying reusable verifiable credentials via a no-code platform.
- Who founded ProofSpace?
- ProofSpace was founded by Nick Mason in 2018.
- Who are ProofSpace's investors?
- ProofSpace's investors include Techstars.
- Where is ProofSpace headquartered?
- ProofSpace is headquartered in London, GB.