What is Verifiable?
Verifiable operates within the healthtech industry, offering a comprehensive software solution designed to streamline the complex processes of medical credentialing and provider network management. By automating these critical functions, the company enables healthcare providers to enhance efficiency, ensure compliance with regulatory standards, and optimize their operational workflows. Headquartered in Austin, Texas, Verifiable addresses a key pain point for healthcare systems and individual practitioners seeking to reduce administrative burdens and improve the accuracy and speed of provider onboarding and ongoing verification.
How much funding has Verifiable raised?
Verifiable has raised a total of $47M across 3 funding rounds:
Unspecified
$3M
Series A
$17M
Series B
$27M
Unspecified (2020): $3M with participation from Max Mullen, Sahil Lavingia, Liquid 2 Ventures L.P, Jack Altman, Soma Capital, Tiger Global Ltd, and Struck Capital
Series A (2021): $17M led by Tiger Global Management, David Sacks, and The Altman Brothers
Series B (2023): $27M supported by Highland Capital Partners, 137 Ventures, Cooley, and Craft Ventures
Key Investors in Verifiable
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across both public and private markets, known for its significant investments in technology and growth-stage companies.
Highland Capital Partners
Highland Capital Partners is a venture capital firm with a strong track record in supporting entrepreneurs and innovative startups, focusing on companies with high growth potential.
Craft Ventures
Craft Ventures is a venture firm that partners with founders and operators, particularly in the B2B technology sector, to build and scale successful companies.
What's next for Verifiable?
The recent major strategic investment of $27M positions Verifiable for accelerated growth and expansion. This capital infusion is expected to fuel further development of its platform, enhance its market reach, and potentially explore new service offerings within the healthcare administration technology space. The company's focus on automation and compliance in a highly regulated industry suggests a strategic direction aimed at becoming a dominant player in provider operations management. Future developments may include deeper integration with existing healthcare IT infrastructure and expanded partnerships to serve a broader client base.
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