About Veras
Veras is a company based in Copenhagen (Denmark) founded in 2015.. Veras has raised $285.77 thousand across 3 funding rounds. The company has 8 employees as of November 30, 2024. Veras offers products and services including Veras Market Events, Upcycled Clothing, Clothing Exchange, and Vintage Shop. Veras operates in a competitive market with competitors including Trendsales, Reefashion, The Vintage Bar and SwapAmok, among others.
- Headquarter Copenhagen, Denmark
- Employees 8 as on 30 Nov, 2024
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Veras Aps
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Annual Revenue
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Net Profit
$-40.85 K (USD)-184as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$285.77 K (USD)
in 3 rounds
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Latest Funding Round
$71.67 K (USD), Seed
Nov 19, 2020
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Investors
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Employee Count
8
as on Nov 30, 2024
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Products & Services of Veras
Veras offers a comprehensive portfolio of products and services, including Veras Market Events, Upcycled Clothing, Clothing Exchange, and Vintage Shop. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying and selling used clothing at local markets.
Repurposed used items into new fashion pieces for eco-friendly wear.
System for trading old clothes for points usable in the shop.
Online platform selling second-hand apparel and accessories.
Funding Insights of Veras
Veras has successfully raised a total of $285.77K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $71.67 thousand completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $71,666
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First Round
First Round
(06 Jun 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Seed - Veras | Valuation |
investors |
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| Jan, 2018 | Amount | Seed - Veras | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - Veras | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Veras
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Veras
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Veras Comparisons
Competitors of Veras
Veras operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Trendsales, Reefashion, The Vintage Bar and SwapAmok, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Second-hand and new clothing is offered via an online marketplace.
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| domain | founded_year | HQ Location |
Operates an online marketplace for second-hand fashion products.
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| domain | founded_year | HQ Location |
Second-hand women's fashion items are sold through an online marketplace.
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| domain | founded_year | HQ Location |
Online platform for listing and trading pre-owned fashion apparel and accessories.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Veras
When was Veras founded?
Veras was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Veras located?
Veras is headquartered in Copenhagen, Denmark.
Is Veras a funded company?
Veras is a funded company, having raised a total of $285.77K across 3 funding rounds to date. The company's 1st funding round was a Seed of $114.56K, raised on Jun 06, 2016.
How many employees does Veras have?
As of Nov 30, 2024, the latest employee count at Veras is 8.
What does Veras do?
Veras was established in 2015 in Copenhagen, Denmark, as an online platform in the second-hand fashion sector. A catalog of items such as dresses, tops, bags, and shoes is maintained for user transactions. Selling and upcycling options are provided to participants, while products deemed unsuitable are directed toward donation efforts. Operations focus on facilitating sustainable exchanges within the European market.
Who are the top competitors of Veras?
Veras's top competitors include Trendsales, The Vintage Bar and Reefashion.
What products or services does Veras offer?
Veras offers Veras Market Events, Upcycled Clothing, Clothing Exchange, and Vintage Shop.
What is Veras's valuation?
The valuation of Veras is $788.28K as of Nov 2020.