Veridion raises USD $20 million in Series A funding

Veridion has raised USD $20 million in Series A funding in a round led by Hoxton Ventures.

The investment will be used to expand Veridion's live business graph, a continuously updated digital replica of the world's businesses. The company tracks 642 million businesses across 249 countries, drawing on billions of digital signals from company websites, public registries, regulatory filings, online product catalogues, social profiles and news sources.

The funding comes as companies face growing pressure to assess commercial risk more quickly amid geopolitical tension, market volatility and rising business failures. Veridion argues that traditional market intelligence, often updated quarterly or annually, no longer reflects trading conditions closely enough for banks, insurers, investors and procurement teams.

The platform is designed to complement, rather than replace, established market intelligence products. Its data is used across credit and risk analysis, insurance, third-party risk management, environmental, social and governance assessments, procurement and supply chain operations.

Partners include Experian, which uses Veridion's data to broaden visibility into private companies and add operational signals to risk models. Veridion says its approach can deliver market intelligence up to 52 times faster than traditional sources while covering more than 30 times as many businesses.

Recent disruption around the Hormuz Strait has sharpened interest in tools that can map business exposure in real time. Veridion says users of its technology were able to identify affected businesses, suppliers and commercial relationships as the situation unfolded, and assess the wider operational impact.

Growing demand

Founded in 2019, Veridion serves more than 100 organisations and employs more than 60 people across Europe and North America, which is already its largest market.

The investor syndicate also included existing backers Underline Ventures, OTB Ventures, Gapminder, Day One Capital and Launchub. The deal marks a significant step for Veridion as it seeks to expand its role in the market for company data and risk intelligence.

Stefan Gergely, Head of Growth at Veridion, outlined the company's view of shifting demand.

"Static business intelligence is no longer fit for an unstable world. If the business world is changing every day, why are companies still making billion-dollar decisions using data that's months old?" Gergely said.

"Whether it's conflict in the Middle East, trade tensions, extreme weather events, pandemics or financial shocks, organisations need a much clearer and more up-to-date picture of how the business world is actually operating.

"Commercial risk now changes by the hour. Information updated quarterly or annually is no longer intelligence. It's history.

"Our system creates a continuously updated digital replica of the world's businesses, giving organisations the intelligence they need to understand changing conditions, identify new opportunities and make better decisions before disruption becomes a crisis."

Experian says the data is helping it detect forms of risk that traditional credit information may miss, particularly among businesses that have had limited visibility in older datasets.

Jon Roughley, Director of Data Strategy and Innovation at Experian, said: "The pace of change in the business world keeps accelerating, and the data behind risk decisions has to keep up.

"Veridion lets us bring new signals about how companies actually operate into our models, capturing risk that traditional credit data simply couldn't see, so we can help clients predict risk earlier and score businesses that were previously invisible to them."

Florin Tufan, Co-founder and Chief Executive Officer at Veridion, said the new capital would support expansion in product development, staffing and overseas growth.

"This fresh investment is a major milestone for Veridion and will allow us to accelerate product development, grow our team and expand internationally, helping more organisations understand commercial risk before it affects their business," Tufan said.

Hoxton Ventures described the investment as a bet that fresher company data will become more central to decision-making.

Hussein Kanji, Founder at Hoxton Ventures, said: "Every important decision about a company still depends on data that is usually out of date. Veridion is rebuilding that foundation for the entire economy, and we believe it can become one of the most important data companies in the world."