About Verical
Verical is a company based in San Mateo (United States) founded in 2004 was acquired by Arrow Electronics in April 2010.. Verical has raised $6.39 million across 3 funding rounds from investors including Arrow Electronics and Valhalla Partners. The company has 22,100 employees as of December 31, 2023. Verical operates in a competitive market with competitors including Moov, Digi-Key Electronics, Asseta, TestEquity and Van Meter, among others.
- Headquarter San Mateo, United States
- Employees 22100 as on 31 Dec, 2023
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.39 M (USD)
in 3 rounds
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Latest Funding Round
$458.98 K (USD), Series A
Jan 25, 2010
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Investors
Arrow Electronics
& 1 more
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Employee Count
22100
as on Dec 31, 2023
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Acquired by
Arrow Electronics
(Apr 06, 2010)
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Funding Insights of Verical
Verical has successfully raised a total of $6.39M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $458.98 thousand completed in January 2010. 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 Series A — $458,984
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First Round
First Round
(20 Jan 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2010 | Amount | Series A - Verical | Valuation |
investors |
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| Apr, 2009 | Amount | Series A - Verical | Valuation |
investors |
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| Jan, 2009 | Amount | Series A - Verical | Valuation | Valhalla Partners |
|
| 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 |
Investors in Verical
Verical has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Arrow Electronics and Valhalla Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech-focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Electronic components and enterprise computing solutions are resold globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Verical
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verical Comparisons
Competitors of Verical
Verical 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 Moov, Digi-Key Electronics, Asseta, TestEquity and Van Meter, 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 |
Used semiconductor equipment is listed on an online B2B platform.
|
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| domain | founded_year | HQ Location |
Electronic components are distributed online to B2B customers worldwide.
|
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| domain | founded_year | HQ Location |
Used manufacturing equipment is traded via B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online manufacturer and distributor of electronic test and measurement solutions
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| domain | founded_year | HQ Location |
Wholesale distribution of electrical supplies, automation, and data communication products.
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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 Verical
When was Verical founded?
Verical was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Where is Verical located?
Verical is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Verical a funded company?
Verical is a funded company, having raised a total of $6.39M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.43M, raised on Jan 20, 2009.
How many employees does Verical have?
As of Dec 31, 2023, the latest employee count at Verical is 22,100.
What does Verical do?
Verical was founded in 2004 in San Mateo, United States, as an online marketplace within the high-tech manufacturing sector. Unsold factory stock from hundreds of brands is listed, enabling connections between electronic component suppliers and buyers such as manufacturers of finished electronic goods. Inventory exceeding 5 billion is maintained, along with more than 300,000 SKUs. Acquisition by Arrow Electronics, Inc. occurred in April 2010.
Who are the top competitors of Verical?
Verical's top competitors include Digi-Key Electronics, Asseta and Moov.
Who are Verical's investors?
Verical has 2 investors. Key investors include Arrow Electronics, and Valhalla Partners.
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