About Verifiable
Verifiable is a company based in Austin (United States) founded in 2019 by Vivekanand Rajkumar and Nick Macario.. Verifiable has raised $50.07 million across 4 funding rounds from investors including Cooley, Craft Ventures and Highland Capital Partners. The company has 46 employees as of December 31, 2022. Verifiable offers products and services including Credentialing Software, Primary Source Verifications, Network Monitoring, CVO Services, and Provider Onboarding. Verifiable operates in a competitive market with competitors including Medallion, Axuall, andros, Silversheet and MedTrainer, among others.
- Headquarter Austin, United States
- Employees 46 as on 31 Dec, 2022
- Founders Vivekanand Rajkumar, Nick Macario
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verifiable Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.07 M (USD)
in 4 rounds
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Latest Funding Round
$27 M (USD), Series B
Jun 10, 2023
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Investors
Cooley
& 20 more
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Employee Count
46
as on Dec 31, 2022
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Products & Services of Verifiable
Verifiable offers a comprehensive portfolio of products and services, including Credentialing Software, Primary Source Verifications, Network Monitoring, CVO Services, and Provider Onboarding. 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.
Automates credentialing workflows for healthcare providers
Enables real-time checks from primary sources
Tracks provider health and compliance status
Offers credentialing support with fast turnarounds
Streamlines initial provider data capture
Manages license milestones and timelines
Unlock access to complete
Funding Insights of Verifiable
Verifiable has successfully raised a total of $50.07M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $27 million completed in June 2023. 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 4
- Last Round Series B — $27.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Verifiable | Valuation | Craft Ventures | |
| Jul, 2021 | Amount | Series A - Verifiable | Valuation | The Altman Brothers | |
| Oct, 2020 | Amount | Seed - Verifiable | Valuation | Tiger Global Management , Liquid 2 Ventures |
| 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 Verifiable
Verifiable has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Cooley, Craft Ventures and Highland Capital 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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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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A venture capital firm investing across sectors with flexible capital strategies.
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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 Verifiable
| 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 - Verifiable
| 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 |
Verifiable Comparisons
Competitors of Verifiable
Verifiable 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 Medallion, Axuall, andros, Silversheet and MedTrainer, 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 |
Cloud-based licensing and credentialing are managed for healthcare providers.
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| domain | founded_year | HQ Location |
Digital credentialing services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare information management services are provided by Andros.
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| domain | founded_year | HQ Location |
Physician credentialing solutions are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based tools for credentialing, learning, and compliance management are provided.
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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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Latest news on Verifiable
Frequently Asked Questions about Verifiable
When was Verifiable founded?
Verifiable was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Verifiable located?
Verifiable is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Verifiable?
Nick Macario is the current CEO of Verifiable. They have also founded this company.
Is Verifiable a funded company?
Verifiable is a funded company, having raised a total of $50.07M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jun 01, 2020.
How many employees does Verifiable have?
As of Dec 31, 2022, the latest employee count at Verifiable is 46.
What does Verifiable do?
Verifiable provides cloud-based credentials verification and monitoring software for healthcare providers. The verification software tracks actions with an audit trail to confirm where data was. The monitoring software lets users add providers and continuously track credentials, sanctions, and more.
Who are the top competitors of Verifiable?
Verifiable's top competitors include Medallion, andros and Verge Health.
What products or services does Verifiable offer?
Verifiable offers Credentialing Software, Primary Source Verifications, Network Monitoring, CVO Services, and 2 more products and services.
Who are Verifiable's investors?
Verifiable has 21 investors. Key investors include Cooley, Craft Ventures, Highland Capital Partners, 137 Ventures, and Altman Foundation.
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