What is Verofax?
Founded in 2018, Verofax is at the forefront of revolutionizing customer experiences across industries with its innovative AI Augmented Reality solutions. The company's digital twinning and traceability solution enables compliance and sustainable claims verification, positioning it as a trusted partner for Fortune 100 companies and Microsoft. Verofax solutions are deployed across 50 markets, impacting billions of products and travel destinations, particularly in the Middle East.
How much funding has Verofax raised?
Verofax has raised a total of $5.7M across 3 funding rounds:
Angel/Seed
$1.2M
Angel/Seed
$1.5M
Other Financing Round
$3M
Angel/Seed (2021): $1.2M with participation from Trove Capital UK, Casablanca Holding, Kepler Fund Managers, and MFD Holding
Angel/Seed (2022): $1.5M led by Benson Oak Ventures, Vernalis Capital, 500 Global, and Wami Capital
Other Financing Round (2024): $3M supported by Plug and Play Tech Center, Trove Capital, and Navig8 Group
Key Investors in Verofax
Plug and Play Tech Center
Plug and Play Tech Center is an early-stage investor, accelerator, and corporate innovation platform with a global presence, known for its role in fostering technological advancements.
Trove Capital
Trove Capital is an innovative lender that simplifies and accelerates business finance, utilizing cutting-edge technology to support small and medium Australian businesses.
Navig8 Group
Navig8 Group provides commercial ship management and bunker trading services, established in the United Kingdom in 2007.
What's next for Verofax?
The recent major strategic investment signals a new phase of growth and development for Verofax. This capital infusion is expected to accelerate the company's expansion into new markets and further enhance its AI Augmented Reality and digital twinning technologies. Verofax's focus on compliance and sustainable claims verification aligns with increasing global demand for transparency and accountability, suggesting a strong trajectory for future enterprise-level funding and strategic partnerships.
See full Verofax company page
