Bucharest-based data startup Veridion has secured €17.5 million in a funding round led by Hoxton Ventures. Existing investors, including Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub, also participated in the round.
Founded in 2019, the company provides a real-time digital map of the global economy. Its platform tracks 642 million companies across 249 countries, assigning 461 attributes to each entity by analyzing digital signals from registries, websites, and news sources.
Veridion currently serves over 100 organizations, helping them manage commercial risks related to supply chains, ESG, and procurement. The company employs more than 60 people, with North America serving as its largest market.
The new capital will be used to accelerate product development, expand the team, and support international growth. CEO Florin Tufan stated that the investment marks a significant milestone for the firm's global expansion.
