What is Veryable?
Founded in 2017, Veryable operates a unique on-demand labor marketplace designed to connect businesses in the manufacturing, logistics, and warehousing sectors with a flexible workforce. The platform addresses the critical need for agile staffing solutions in industries often subject to fluctuating demand. By providing immediate access to qualified workers, Veryable empowers companies to optimize their operational capacity and manage labor costs effectively. The company's innovative approach has positioned it as a key player in the future of work for industrial sectors.
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 Trust Ventures and Gigafund 0
Key Investors in Veryable
Trust Ventures
Trust Ventures is a venture capital fund dedicated to guiding startups that tackle society's greatest challenges, focusing on industries hindered by public policy barriers. They provide strategic advisory services to align their success with their portfolio companies.
Gigafund 0
Gigafund is a venture capital firm that invests in ambitious entrepreneurs, focusing on long-term concentrated investments in companies aiming to solve the world's biggest problems, such as SpaceX and Neuralink.
PPP
Public-Private Partnership
What's next for Veryable?
The recent major strategic investment signals a pivotal phase for Veryable, likely enabling the company to scale its operations, enhance its technology platform, and potentially expand into new geographic markets or service verticals. With a focus on the on-demand labor economy, Veryable is poised to capitalize on the increasing demand for flexible workforces in the industrial sector. Future developments may include strategic partnerships, further technological integration to improve matching algorithms, and expanded service offerings to meet the evolving needs of its client base.
See full Veryable company page
