# Veratrak

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veratrak

- Industry: Software
- Headquarters: Oxford, UK
- Website: www.veratrak.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Mar 26, 2019)
- Investors on record: 6

## About

Veratrak Limited provides advanced pharmaceutical supply chain management solutions, utilizing blockchain technology to enhance data integrity and operational efficiency across the industry.Founded in 2017 and headquartered in Oxford, UK, Veratrak Limited specializes in solutions for pharmaceutical supply chain management. The company has undergone no significant pivots since its inception. CEO Jason Lacombe leads the firm, which has successfully completed 5 deals, including a Seed round in March 2022, raising GBP 5.53 million and achieving a post-money valuation of GBP 28.09 million.Veratrak specializes in pharmaceutical supply chain management solutions, leveraging blockchain technology to streamline workflows and enhance data integration across the industry. Their core offerings include a comprehensive management platform designed to centralize supply chain operations into a secure dashboard, facilitating collaboration, visibility, and data-sharing among various stakeholders. This platform is tailored for pharmaceutical companies, contract manufacturers, and contract development and manufacturing organizations, addressing the industry's complex regulatory challenges and operational demands. By providing a collaborative environment that improves order management and reduces lead times, Veratrak serves over 150 organizations across six continents, including clients in North America, Europe, and Asia. The firm aims to digitize the pharmaceutical supply chain, ensuring compliance and efficiency while catering to a diverse clientele in the life sciences sector.Veratrak generates revenue primarily through subscription-based access to its supply chain management platform, designed for B2B transactions within the pharmaceutical industry. The company’s business model relies on partnerships with various organizations, enabling enhanced operational efficiency and compliance. Clients engage under structured agreements that often involve tiered pricing based on usage and specific services required, such as data packaging and document collaboration. The firm’s solutions focus on delivering auditable and secure data exchanges, ensuring compliance with industry standards while optimizing manufacturing processes.In March 2022, Veratrak Limited raised GBP 5.53 million in Seed funding led by undisclosed investors, valuing the company at GBP 28.09 million post-money. The funds will be utilized to enhance their blockchain-based platform and expand into new markets, specifically targeting regions in Asia and North America within the next two years. This strategic move aims to broaden their client base and further integrate their innovative solutions into the pharmaceutical supply chain.

## Funding rounds

- Seed, Mar 26, 2019, $1M — Seedcamp, Force Over Mass Capital, Ascension, Blockchain Valley Ventures, TrueSight Ventures
- Seed, Jul 11, 2018, $0.3M — Oxford Capital Management
- Seed, Apr 16, 2018, $0.2M — Seedcamp

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Oxford Capital Management (https://capitalatlas.ai/funds/oxford-capital-management) — Seed
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed
- Ascension (https://capitalatlas.ai/funds/ascension) — Seed
- Blockchain Valley Ventures (https://capitalatlas.ai/funds/blockchain-valley-ventures) — Seed
- TrueSight Ventures (https://capitalatlas.ai/funds/truesight-ventures) — Seed