What is Viable?
Viable is building verticalized finance technology solutions designed to streamline financial operations and optimize working capital for online businesses. The company targets businesses operating on platforms such as Shopify, Amazon, and TikTok, which face distinct financial challenges in the current post-pandemic economic climate. These challenges include shifts in the debt and equity markets, escalating operational costs, and intensified competition, all of which exert pressure on financial performance.
How much funding has Viable raised?
Viable has raised a total of $3M across 1 funding round:
Angel/Seed
$3M
Angel/Seed (2024): $3M with participation from Portfolio Ventures, Episode 1 Ventures, and Haatch Ventures
Key Investors in Viable
Portfolio Ventures
Portfolio Ventures is noted for its significant involvement in Viable's funding rounds, providing a substantial portion of capital and facilitating access to a quality investor pool.
Episode 1 Ventures
Episode 1 Ventures, a UK-based venture capital firm, specializes in early-stage software-driven businesses with high growth potential, typically investing between £250,000 and £1,000,000.
Haatch Ventures
Haatch Ventures focuses on early-stage technology startups with highly scalable and disruptive models, providing both capital and experienced support to help companies scale towards Series A.
What's next for Viable?
The recent major enterprise-level funding indicates Viable is likely in a scaling phase, aiming to expand its market reach and enhance its technology offerings. This strategic investment will probably fuel product development, bolster sales and marketing efforts, and potentially facilitate geographic expansion. The focus on optimizing working capital for e-commerce businesses positions Viable to capitalize on the continued growth of online retail and the increasing complexity of its financial management.
See full Viable company page
