Funding round
Veridion Seed
Veridion, which works in business data enrichment services in Bucharest, raised $6.0M in a Seed round announced on 21 Feb 2023. 5 firms took part. It is Veridion's first venture round on record.
$6.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Veridion did not disclose a valuation in this round. It is Veridion's first venture round on record, 4 years after it was founded in 2019. It is 23% of the $26M Veridion has raised in the venture rounds on record. Veridion raised again 43 months later: a Series A round of $20M in Sep 2026.
Veridion's funding rounds
Veridion has 2 venture rounds on record. This one is highlighted.
- Seed this round 21 Feb 2023 $6.0M
- Series A 16 Sep 2026, led by Hoxton Ventures $20M
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- LAUNCHub backs 36 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
- Underline Ventures backs 9 venture-backed companies new investor
- Day One Capital backs 22 venture-backed companies new investor
- GapMinder backs 21 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
40 Seed rounds in Data Solutions within a year either side disclosed an amount; the median was $3.3M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Data Solutions:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Data Solutions | 14 Feb 2023 | $13M | not disclosed | not named |
| Data Solutions | 27 Feb 2023 | $5.0M | not disclosed | Andreessen Horowitz |
| Data Solutions | 16 Feb 2023 | $2.4M | not disclosed | Dundee Venture Capital and AIX Ventures |
| Data Solutions | 24 Jan 2023 | $7.0M | not disclosed | Molex Ventures and Hyperwise Ventures |
| Data Solutions | 23 Mar 2023 | $4.0M | not disclosed | Bonfire Ventures |
| Data Solutions | 19 Apr 2023 | $5.6M | not disclosed | Octopus Ventures |
| Data Solutions | 13 Dec 2022 | $5.2M | not disclosed | Planet A |
| Data Solutions | 9 Dec 2022 | $1.5M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Veridion raise in its Seed round?
Veridion raised $6.0M in its Seed round, announced in Feb 2023.
Which investors took part in Veridion's Seed round?
LAUNCHub, OTB Ventures, Underline Ventures, Day One Capital and GapMinder.
What was Veridion's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Data Solutions?
40 Seed rounds in Data Solutions within a year either side disclosed an amount; the median was $3.3M, and this round was 1.8 times the median.
Did Veridion raise again after this round?
Yes: a Series A round in Sep 2026 of $20M.