# Veridu

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

- Industry: IT Security/Cybersecurity
- Headquarters: Bristol, UK
- Website: www.veridu.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Oct 14, 2015)
- Investors on record: 3

## About

Veridu Ltd. is a technology company that specializes in identity verification and risk management solutions for businesses, ensuring secure and reliable user authentication through innovative digital tools.Founded in 2014, Veridu Ltd. operates from Bristol, UK, providing identity verification services. The company has undergone no significant business pivots or changes in operations since its inception. The founder’s information is not publicly available. Veridu has engaged in four funding deals, with the most recent occurring on April 15, 2016, where they raised GBP 940,000 led by Global Risk Technologies, bringing the total amount raised to GBP 940,000 and valuing the company at GBP 6.53 million post-money.Veridu Ltd. offers a robust platform designed to assist businesses in verifying user identities and managing associated risks. Their core services include identity verification, fraud detection, and risk management solutions, catering to a wide spectrum of clients ranging from startups to established enterprises. The company focuses on delivering efficient and accurate verification processes that help businesses minimize fraudulent activities and enhance trust in their digital interactions.Veridu Ltd. generates its revenue primarily through subscription-based models, providing various tiers of service that meet diverse user needs. Clients can access different levels of identity verification features and support, ensuring scalability and adaptability to changing requirements. The company’s offerings are integral to its revenue structure, particularly for businesses looking to secure user transactions and maintain compliance with regulatory standards.Looking ahead, Veridu Ltd. plans to expand its product offerings, including new features for enhanced identity verification technologies expected to launch in mid-2024. The company aims to penetrate new geographic markets, specifically targeting the European and North American regions by the end of 2025. The recent funding of GBP 940,000 will be utilized to support these initiatives, ensuring the development of innovative solutions and facilitating the planned expansion into these markets.

## Funding rounds

- Seed, Oct 14, 2015, $1.2M — Force Over Mass Capital, Knightsbridge Executive Services, Callatay & Wouters Ventures

## Investors

- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Seed
- Knightsbridge Executive Services — Seed
- Callatay & Wouters Ventures — Seed