What is Verofax?
Founded in 2018, Verofax Tech Company is at the forefront of enhancing customer experiences across various industries by leveraging innovative AI-augmented reality solutions. The company's digital twinning and traceability platform is designed to facilitate compliance and verify sustainable claims, making it a valuable partner for businesses seeking to improve transparency and operational efficiency. Verofax's solutions are currently deployed in over 50 markets, impacting billions of products and travel destinations, particularly in the Middle East, and it has established a trusted partnership with Microsoft.
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 MFD Holding, Casablanca Holding, Kepler Fund Managers, and Trove Capital UK
Angel/Seed (2022): $1.5M led by Benson Oak Ventures, 500 Global, Vernalis Capital, and Wami Capital
Other Financing Round (2024): $3M supported by Navig8 Group, Trove Capital, and Plug and Play Tech Center
Key Investors in Verofax
Navig8 Group
Navig8 Group provides commercial ship management and bunker trading services for ship owners and customers. Navig8 Group was founded in 2007 and based in United Kingdom.
Trove Capital
Trove Capital is an innovative lender that utilises its many years of experience in the financial services industry to deliver a product sought after by businesses all over Australia. We allow small and medium Australian businesses to take advantage of opportunities traditionally only available to their larger peers.
Plug and Play Tech Center
Founded in 2006, Plug and Play Tech Center is an early stage investor, accelerator and corporate innovation platform with global headquarters in Sunnyvale, California with additional locations across the globe.
What's next for Verofax?
The recent major strategic investment in Verofax signals a pivotal phase for the company, likely aimed at accelerating its product development, expanding its market reach, and further integrating its AI-augmented reality and digital twinning solutions. This capital infusion is expected to bolster Verofax's capabilities in serving its Fortune 100 clientele and deepening its technological innovation in the Web 3 space. The company's focus on compliance and sustainability verification positions it well for continued growth in an increasingly regulated and conscious global market.
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