# Verifoxx

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.verifoxx.com
- Latest round: Seed (May 18, 2021)
- Investors on record: 2

## About

Verifoxx provides advanced data collaboration solutions using Privacy Enhancing Technologies, enabling organizations to share and analyze sensitive data securely while maintaining control over their information.Founded in 2019, Verifoxx is based in London, UK, and specializes in data collaboration solutions. The company was co-founded by Bala Subramanyan and Róisín Meehan, with Róisín Meehan serving as CEO. In May 2021, Verifoxx raised seed funding from SOSV and dlab, marking its first funding round. They have successfully completed one deal to date.Verifoxx specializes in advanced data collaboration solutions utilizing Privacy Enhancing Technologies (PETs) to enable organizations to share and analyze sensitive data without compromising its security. Their core offerings include a suite of technologies that allow for secure data queries and verification through mechanisms such as Zero Knowledge Proofs (ZKPs), Multi-Party Computation (MPC), Trusted Execution Environments (TEEs), and Partial Homomorphic Encryption. These technologies help clients maintain control over their data, allowing them to collaborate while ensuring that the raw data never leaves its original location. Verifoxx targets various sectors that require secure data sharing, including finance, healthcare, and government entities across the UK and Europe, catering to clients who must comply with stringent data protection regulations. By transforming data into a trusted, cryptographic format, Verifoxx enables clients to extract insights and collaboration opportunities without exposing sensitive information.Verifoxx generates revenue through subscription-based models and partnerships with organizations that require secure data sharing solutions. Clients typically engage with the company through tiered subscription plans that grant access to its suite of PETs, allowing them to conduct privacy-preserving data queries and verifications. Each subscription level may vary in features, with larger enterprises likely opting for comprehensive packages that include a full suite of services and premium support. In addition to subscription fees, Verifoxx may enter into strategic partnerships, offering customized solutions tailored to specific client needs. This transactional structure fosters ongoing relationships with clients who rely on Verifoxx's services for compliance and secure data collaboration, ensuring a steady revenue stream.Verifoxx plans to leverage its latest funding round from May 2021 to develop new products designed to enhance their data collaboration capabilities, with specific features expected to be launched by the end of 2022. The company is also targeting expansion into new markets in Europe and aims to establish a presence in Germany and France by 2023. These initiatives will be supported by the strategic partnerships formed during their recent funding, enhancing their capabilities to meet the needs of clients across various sectors.

## Funding rounds

- Seed, May 18, 2021 — SOSV, dlab

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- dlab (https://capitalatlas.ai/funds/dlab) — Seed