About Versatile
Versatile is a company based in Tel Aviv (Israel) founded in 2016 by Meirav Oren. It operates as a SaaS (Software-as-a-Service), and Product-as-a-Service. Versatile has raised $105.6 million across 5 funding rounds from investors including Saniel Ventures, Insight Partners and Tiger Global. Versatile offers products and services including Versatile Hardware + Software Solution, Control Center, and Versatile Insights. Versatile operates in a competitive market with competitors including FastField Mobile Forms, KoBoToolbox, Dharma Platform, Harvest Your Data and Zerion Software, among others.
- Headquarter Tel Aviv, Israel
- Founders Meirav Oren
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Sectors
Real Estate & ConstructionTechnology
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Email
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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
$105.6 M (USD)
in 5 rounds
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Latest Funding Round
$80 M (USD), Series B
Sep 13, 2021
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Investors
Saniel Ventures
& 11 more
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Employee Count
Employee Count
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Products & Services of Versatile
Versatile offers a comprehensive portfolio of products and services, including Versatile Hardware + Software Solution, Control Center, and Versatile Insights. 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.
Data is collected for jobsite productivity and decisions.
Performance dashboard is provided for steel project managers.
Daily insights are offered to identify optimization opportunities.
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Funding Insights of Versatile
Versatile has successfully raised a total of $105.6M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in September 2021. 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 5
- Last Round Series B — $80.0M
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First Round
First Round
(10 Nov 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Versatile | Valuation | Insight Partners | |
| Dec, 2020 | Amount | Series A - Versatile | Valuation | Insight Partners , Entree Capital | |
| Aug, 2019 | Amount | Seed - Versatile | Valuation | Robert Bosch Venture Capital |
| 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 Versatile
Versatile has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Saniel Ventures, Insight Partners and Tiger Global. 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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Investments in tech startups are made by Saniel Ventures.
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 Versatile
| 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 - Versatile
| 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 |
Versatile Comparisons
Competitors of Versatile
Versatile 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 FastField Mobile Forms, KoBoToolbox, Dharma Platform, Harvest Your Data and Zerion Software, 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 |
Mobile forms are built for data collection on various devices.
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| domain | founded_year | HQ Location |
Offers free data tools for humanitarian response and global development organizations.
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| domain | founded_year | HQ Location |
Cloud-based platform offering data collection and management solutions
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| domain | founded_year | HQ Location |
Mobile apps for offline survey data collection and web forms.
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| domain | founded_year | HQ Location |
Provides mobile, offline data collection for inspections, research, and compliance tasks.
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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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Latest news on Versatile
Frequently Asked Questions about Versatile
When was Versatile founded?
Versatile was founded in 2016.
Where is Versatile located?
Versatile is headquartered in Tel Aviv, Israel.
Is Versatile a funded company?
Versatile is a funded company, having raised a total of $105.6M across 5 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Nov 10, 2016.
What does Versatile do?
Versatile is engaged in delivering hardware and software solutions for the construction industry. Data is collected non-intrusively to enhance jobsite productivity, support crane utilization, and improve decision-making processes. Daily reports are generated from extensive data points to impact safety, scheduling, and task efficiency. Solutions are tailored for construction firms across North America, with tools like Control Center and Versatile Insights being utilized to optimize project performance and provide actionable insights.
Who are the top competitors of Versatile?
Versatile's top competitors include FastField Mobile Forms, Dharma Platform and Metaworks.
What products or services does Versatile offer?
Versatile offers Versatile Hardware + Software Solution, Control Center, and Versatile Insights.
Who are Versatile's investors?
Versatile has 12 investors. Key investors include Saniel Ventures, Insight Partners, Tiger Global, Entree Capital, and Root Ventures.
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