# Verifiable

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.verifiable.com
- Total disclosed funding: $47M
- Latest round: Series B (Apr 24, 2023)
- Investors on record: 9

## About

Verifiable Inc. is a US-based company specializing in credentialing software and provider network monitoring solutions designed for healthcare organizations, enhancing operational efficiency and compliance processes.Founded in 2019 in Austin, US, Verifiable Inc. provides credentialing solutions for healthcare organizations. The firm has successfully raised USD 27.00 mn in Series B funding on April 24, 2023, led by Craft Ventures with participation from several investors, contributing to a total raised amount of USD 27.00 mn and a current company valuation of USD 134.89 mn. The founders, Nick Macario and Vivekanand Rajkumar, have backgrounds that support their entrepreneurial skills, with Macario serving as the CEO.Verifiable Inc. specializes in credentialing software and provider network monitoring solutions tailored for healthcare organizations. Their core products centralize data management and automate workflows to ensure compliance with NCQA standards, expediting the credentialing process. These solutions are designed for various healthcare networks, enhancing operational efficiency and reducing costs. End users include healthcare providers and organizations such as health plans and provider groups, which benefit from real-time credentialing status reports, primary source verifications, and proactive network monitoring. The company primarily serves healthcare organizations across the United States.Verifiable Inc. generates revenue through software licensing and NCQA-Certified CVO services, engaging clients on a subscription basis. Healthcare organizations purchase access to their credentialing solutions and monitoring services to streamline operations and compliance processes. Pricing structures vary depending on specific services and client network size, allowing larger organizations to enter partnerships with tailored pricing plans that encompass comprehensive service packages, including software access, customer support, and ongoing compliance monitoring.In April 2023, Verifiable Inc. raised USD 27.00 mn in Series B funding, led by Craft Ventures, to support its business expansion. The company aims to enhance its product offerings and may target new geographic regions for market expansion. This funding will facilitate the development and launch of upcoming products designed to meet the evolving needs of healthcare organizations.

## Funding rounds

- Series B, Apr 24, 2023, $27M — Highland Capital Partners, 137 ventures, GC&H Investments, Struck Capital, Craft Ventures, The Altman brothers
- Series A, Aug 6, 2021, $17M — Tiger Global Management, Craft Ventures, The Altman brothers
- Seed, Oct 20, 2020, $3M — Tiger Global Management, Soma Capital Management, Liquid 2 Ventures, Struck Capital

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed, Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Struck Capital (https://capitalatlas.ai/funds/struck-capital) — Seed, Series B
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series A, Series B
- The Altman brothers — Series A, Series B
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series B
- GC&H Investments (https://capitalatlas.ai/funds/gc-h-investments) — Series B