About VeriSolutions
VeriSolutions is a company based in Atlanta (United States) founded in 2015 by Michael Crocker. It operates as a B2C. VeriSolutions has raised $6.11 million across 3 funding rounds from investors including Avery Dennison, Atlanta Seed Company and Service Provider Capital. VeriSolutions offers products and services including Slot Machines, Progressive Jackpots, and Live Dealer Games. VeriSolutions operates in a competitive market with competitors including Promethean Power Systems, Nordic 247 Services, Wakati, BottleKeeper and Get Prepd, among others.
- Headquarter Atlanta, United States
- Founders Michael Crocker
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Sectors
Consumer
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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
$6.11 M (USD)
in 3 rounds
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Latest Funding Round
$2.42 M (USD), Series A
Nov 30, 2018
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Investors
Avery Dennison
& 2 more
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Employee Count
Employee Count
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Products & Services of VeriSolutions
VeriSolutions offers a comprehensive portfolio of products and services, including Slot Machines, Progressive Jackpots, and Live Dealer Games. 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.
Games involving spinning reels for potential winnings.
Accumulating prizes from player bets in casino platforms.
Real-time games with dealers streamed online for players.
Funding Insights of VeriSolutions
VeriSolutions has successfully raised a total of $6.11M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.42 million completed in November 2018. 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 — $2.4M
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First Round
First Round
(07 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series A - VeriSolutions | Valuation | Avery Dennison | |
| May, 2018 | Amount | Series A - VeriSolutions | Valuation |
investors |
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| Jul, 2017 | Amount | Series A - VeriSolutions | 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 |
Investors in VeriSolutions
VeriSolutions has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Avery Dennison, Atlanta Seed Company and Service Provider Capital. 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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Early-stage tech investments are made in US-based companies.
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Global materials science and digital identification solutions are provided.
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| 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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 VeriSolutions
| 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 - VeriSolutions
| 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 |
Verisolutions Comparisons
Competitors of VeriSolutions
VeriSolutions 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 Promethean Power Systems, Nordic 247 Services, Wakati, BottleKeeper and Get Prepd, 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 |
Manufactures and supplies cold storage and milk chilling equipment for dairy industry
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| domain | founded_year | HQ Location |
Beverage e-cooling units are supplied to food businesses.
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| domain | founded_year | HQ Location |
Solar Powered device for extending shelf life of farm produce
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| domain | founded_year | HQ Location |
Bottle covers are manufactured to insulate and protect beer bottles.
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| domain | founded_year | HQ Location |
Sells non-stick cast iron skillets, Dutch ovens, and innovative meal prep tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 VeriSolutions
When was VeriSolutions founded?
VeriSolutions was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is VeriSolutions located?
VeriSolutions is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of VeriSolutions?
Michael Crocker is the current CEO of VeriSolutions. They have also founded this company.
Is VeriSolutions a funded company?
VeriSolutions is a funded company, having raised a total of $6.11M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.89M, raised on Jul 07, 2017.
What does VeriSolutions do?
VeriSolutions it functions as an iot-powered temperature monitoring solutions for food refrigeration devices through providing entertainment content, producing gaming content, online gambling, and casino games. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of VeriSolutions?
VeriSolutions's top competitors include Promethean Power Systems, Nordic 247 Services and BottleKeeper.
What products or services does VeriSolutions offer?
VeriSolutions offers Slot Machines, Progressive Jackpots, and Live Dealer Games.
Who are VeriSolutions's investors?
VeriSolutions has 3 investors. Key investors include Avery Dennison, Atlanta Seed Company, and Service Provider Capital.