What is Verifiable?
Verifiable operates as a specialized medical credentialing and provider network software company. Headquartered in Austin, Texas, the firm provides a comprehensive platform designed to assist healthcare organizations in automating the intricate processes of credentialing, compliance, and provider lifecycle management. By replacing manual, error-prone administrative tasks with intelligent software solutions, Verifiable enables healthcare providers to focus on patient care while ensuring regulatory adherence and operational excellence. Its market position is defined by its ability to bridge the gap between legacy healthcare systems and modern, cloud-based automation requirements.
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 Jack Altman, Struck Capital, Tiger Global Ltd, Liquid 2 Ventures L.P, Soma Capital, Max Mullen, and Sahil Lavingia
Series A (2021): $17M led by Tiger Global Management, The Altman Brothers, and David Sacks
Series B (2023): $27M supported by Craft Ventures, Highland Capital Partners, Cooley, and 137 Ventures
Key Investors in Verifiable
Craft Ventures
Craft Ventures is a venture firm focused on building great companies, particularly in the B2B technology sector, providing valuable insights and access to senior talent.
Highland Capital Partners
Highland Capital Partners is a venture capital firm with a track record of 200 exits and 50 IPOs, emphasizing a long-term partnership approach to help startups achieve their goals.
137 Ventures
137 Ventures is a multi-stage venture capital firm that provides structured liquidity to founders and executives, partnering with generational technology companies to drive growth.
What's next for Verifiable?
With the successful closure of its latest financing round, Verifiable is poised to enter a new phase of enterprise-level expansion. The strategic allocation of this capital will likely focus on enhancing the platform's core automation capabilities, deepening integration with existing electronic health record systems, and scaling its sales and marketing efforts to capture a larger share of the provider network management market. As the healthcare industry continues to prioritize digital transformation, Verifiable's focus on reducing administrative burden positions it as a vital partner for health systems navigating complex regulatory environments. The company is expected to leverage its strong investor backing to solidify its leadership in the healthtech infrastructure space.
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