What is Veryable?
Founded in 2017 and headquartered in Dallas, Texas, Veryable operates an on-demand marketplace specifically engineered for the manufacturing, logistics, and warehousing sectors. The platform functions as a digital intermediary, allowing enterprises to dynamically adjust their labor force in real-time, thereby optimizing operational efficiency and reducing overhead costs associated with traditional staffing models. By digitizing the labor procurement process, Veryable addresses the chronic inefficiencies inherent in industrial supply chains, positioning itself as a foundational technology partner for companies seeking to maintain agility in an increasingly unpredictable global market.
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 to maximize impact over decades.
Trust Ventures
Trust Ventures is dedicated to guiding startups that tackle society's greatest challenges, focusing on industries hindered by public policy barriers and providing strategic advisory services.
PPP
Public-Private Partnership
What's next for Veryable?
With the successful closure of its latest funding round, Veryable is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The company is expected to focus on expanding its geographic footprint and deepening its integration with enterprise-level supply chain management systems. As the industrial sector continues to grapple with labor shortages and the need for rapid scalability, Veryable's model of on-demand labor provides a compelling value proposition. Future growth will likely center on data-driven workforce optimization and the potential for further product diversification to support the evolving needs of its industrial client base.
See full Veryable company page
