What is Veryable?
Founded in 2017 and headquartered in Dallas, Texas, Veryable operates a sophisticated on-demand marketplace designed to bridge the gap between manufacturing, logistics, and warehousing businesses and the labor force they require. The platform functions as a digital intermediary, allowing companies to scale their workforce dynamically in response to fluctuating production demands. By digitizing the labor procurement process, Veryable addresses the chronic inefficiencies inherent in traditional staffing models, providing a more agile and transparent solution for industrial employers. Its market position is defined by its focus on operational efficiency and the integration of real-time labor availability into the broader supply chain ecosystem.
How much funding has Veryable raised?
Veryable has raised a total of $33.4M across 3 funding rounds:
Private Equity
$1.1M
Debt
$350K
Series A
$31.9M
Private Equity (2017): $1.1M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Series A (2021): $31.9M supported by Gigafund 0 and Trust Ventures
Key Investors in Veryable
Gigafund
Gigafund is a venture capital firm that invests in ambitious and transformative entrepreneurs across various sectors and stages, focusing on long-term concentrated investments.
Trust Ventures
Trust Ventures is dedicated to guiding startups that tackle society's greatest challenges, focusing on industries hindered by public policy barriers.
PPP
Public-Private Partnership
What's next for Veryable?
With the support of its latest strategic investment, Veryable is expected to prioritize the scaling of its proprietary technology stack and the expansion of its geographic service areas. The company's trajectory suggests a focus on deepening its penetration into the manufacturing sector, where the need for flexible labor solutions remains acute. Future growth initiatives will likely involve enhancing the platform's algorithmic matching capabilities to further reduce downtime for industrial clients. As the company matures, it will likely continue to navigate the complexities of labor regulation and industrial policy, leveraging its strategic partnerships to advocate for a more flexible and resilient labor market. The focus remains on cementing its status as the primary digital utility for industrial workforce management.
See full Veryable company page
