What is Veryable?
Founded in 2017 and headquartered in Dallas, Texas, Veryable operates as a distinctive on-demand labor marketplace. It connects businesses in the manufacturing, logistics, and warehousing sectors with a flexible workforce, addressing critical needs for agile staffing solutions. The platform's model is designed to provide immediate access to qualified labor, enabling companies to scale their operations efficiently in response to fluctuating demand. This approach is particularly valuable in industries characterized by variable production schedules and supply chain complexities, offering a modern alternative to traditional staffing methods.
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 0
Gigafund is a venture capital firm that invests in ambitious and transformative entrepreneurs across various sectors and stages. The firm focuses on long-term concentrated investments, seeking founders who can grow with their companies and maximize impact over decades. Gigafund's portfolio includes notable companies like SpaceX, Neuralink, and The Boring Company, reflecting its commitment to supporting significant and innovative businesses. By prioritizing long-term potential over short-term trends, Gigafund aims to identify and back the world's most transformative companies.
Trust Ventures
Trust Ventures is dedicated to guiding startups that tackle society's greatest challenges, focusing on industries hindered by public policy barriers. They operate as a venture capital fund while providing strategic advisory services without seeking compensation, aligning their success with that of their portfolio companies. Trust Ventures assists startups by building relationships, developing strategies, and advocating for regulatory changes to create a more level playing field against larger incumbents. Their mission is to unlock technological solutions that can address significant societal issues.
What's next for Veryable?
The substantial enterprise-level backing and recent strategic investment signal Veryable's readiness for accelerated expansion. With a focus on scaling its marketplace operations and enhancing its technological infrastructure, the company is poised to capture a larger share of the industrial labor market. Future developments are likely to include deeper integration with client supply chain systems, further geographic expansion, and the continuous refinement of its platform to optimize labor matching and operational efficiency. This strategic financing will be instrumental in solidifying Veryable's position as a leader in on-demand industrial workforce solutions.
See full Veryable company page
