Veridion lands $20M to take business intelligence beyond static data

Veridion has raised $20 million in Series A funding to push its business intelligence platform beyond the old habit of stale, periodic updates. Hoxton Ventures led the round, with support from existing backers Underline Ventures, OTB Ventures, Gapminder, Day One Capital and Launchub.

The startup, founded in 2019, says it has built a live business graph covering around 640 million businesses worldwide. The pitch is simple enough: instead of waiting for quarterly or annual refreshes, the system keeps updating as companies change. That matters because a supplier’s status, a customer’s footprint or a regulator’s filing can stop being useful very quickly.

Veridion’s platform pulls from billions of digital signals, including company websites, public registries, regulatory filings, online product catalogues, social profiles and trusted news sources. The company says this lets it cover more businesses and move faster than traditional market intelligence tools that lean on slower update cycles.

The target customers are banks, investors, insurers and other organisations that need current information when geopolitics, supply chain trouble, extreme weather or shifting economic conditions can hit business relationships hard. Stefan Gergely, Veridion’s head of growth, said commercial risk now changes by the hour and that information updated quarterly or annually is no longer intelligence.

Veridion says it already serves more than 100 organisations and has more than 60 employees across Europe and North America. North America is its biggest market. The new money will go toward expanding the platform and its capabilities as the company grows internationally.