# Verivo Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verivo-software

- Industry: Software
- Headquarters: Waltham, US
- Website: www.verivo.com
- Total disclosed funding: $7.2M
- Latest round: Series B (Nov 2, 2007)
- Investors on record: 2

## About

Verivo Software, Inc. provides innovative software solutions focused on enhancing enterprise mobility and optimizing app development processes for diverse industries, including life sciences and manufacturing.Verivo Software, Inc. specializes in enterprise mobility and app development solutions. Headquartered in Waltham, US, the company has undergone various strategic initiatives to refine its offerings. CEO Reza Mohammad leads the company, which has raised a total of USD 4.00 mn across multiple funding rounds, including the most recent VENTURE DEBT round of USD 1.75 mn completed in December 2013. Verivo has undertaken five total deals to date.Verivo specializes in developing comprehensive software solutions designed to enhance enterprise mobility and streamline the app development process for businesses across various industries. The company’s core product offerings include a unique enterprise mobility platform that enables rapid and secure mobile app development, aimed at eliminating mundane, repetitive tasks. This platform is tailored to meet the needs of diverse sectors, including life sciences, manufacturing, automotive, and transportation. Verivo’s clientele encompasses a wide range of organizations, from Fortune 500 companies to small and mid-sized businesses, primarily in North America, Europe, and Asia. The platform emphasizes real-time data integration and seamless deployment, ensuring that businesses can launch applications that are immediately ready for use once approved.Verivo generates revenue through a subscription-based pricing model, providing clients with access to its enterprise mobility platform and services. The transaction structure primarily involves B2B relationships with organizations that subscribe to the platform to develop and manage their mobile applications. Clients have the option to trial the platform for 30 days free of charge before committing to a paid plan, which is activated post-trial. Specific pricing tiers are established based on the scale of services utilized, which may involve varying levels of support and features integrated into the platform. The flagship services focus on app development, secure software solutions, and ongoing technical support, ensuring that clients are equipped with the tools necessary for effective enterprise mobility strategies.Verivo Software, Inc. plans to utilize the recent VENTURE DEBT funding of USD 1.75 mn to enhance its product offerings, focusing on the development of new features within its enterprise mobility platform. The company aims to expand its reach into new geographic regions, particularly targeting markets in Asia and Europe by the end of 2024. With a commitment to improving real-time data integration capabilities, Verivo is dedicated to ensuring its platform remains competitive, fostering innovation to meet the evolving needs of its clients.

## Funding rounds

- Series B, Nov 2, 2007, $1.9M — Ascent Venture Partners, Egan Managed Capital
- Series A, Sep 9, 2005, $5.2M — Ascent Venture Partners, Egan Managed Capital

## Investors

- Ascent Venture Partners (https://capitalatlas.ai/funds/ascent-venture-partners) — Series A, Series B
- Egan Managed Capital (https://capitalatlas.ai/funds/egan-managed-capital) — Series A, Series B