Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Friday, June 20
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Verofax Limited Secures $1.2 Million in Seed funding
News

Verofax Limited Secures $1.2 Million in Seed funding

AlexaBlockchainBy AlexaBlockchainMarch 13, 2021No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Verofax-Secures-1.2-Million-in-Seed-funding-AlexaBlockchain
Verofax Secures $1.2 Million in Seed funding
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Verofax enables enterprises to prevent counterfeit, improve manufacturers’ engagement with consumers, and increase staff productivity with data insights.

United Arab Emirates, March 13, 2021 /AlexaBlockchain/ – Verofax Limited has secured $1.2 million in a Seed funding round, led by Trove Capital Limited UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding.

Established in 2018, Verofax Limited is an automation and traceability platform catering to enterprises and financial institutions. This funding marks Verofax porting its platform on Microsoft Cloud and its recent Q4 expansion into Asia and Africa.

  • Verofax enables enterprises to prevent counterfeit, improve manufacturers’ engagement with consumers, and increase staff productivity with data insights.
  • It offers services such as Item ID serialization, traceability, and transaction certification on private Blockchain with cost and time to market advantage.
  • Verofax will use the seed funding to serve its pipeline of projects, launch a marketing campaign targeted at food, healthcare, and apparel industries.
  • It has also planned to hire 20 additional team members, mainly software developers and business development managers.

Commenting on the investment, Wassim Merheby, CEO and Co-Founder of Verofax, said:

“Counterfeit is exceeding 20% of global trade in some industries and accounts for $1.8T losses to businesses. With retailers and manufacturers adopting traceability and item serialization in their operations, Verofax enables supplier screening, consumer engagement, and inventory optimization.”

“US, EU, China, and Russia have already adopted regulations for retailer and E-commerce accountability on fake merchandise sold through their marketplaces. Verofax simply adds certainty in global trade with item digital ID throughout every product lifecycle,” Wassim Merheby, added.

Casablanca Holding Kepler Fund Managers MFD Holding Seed Funding Traceability Platform Trove Capital Limited United Arab Emirates Verofax Limited
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AlexaBlockchain
  • Website
  • Facebook
  • X (Twitter)
  • LinkedIn

AlexaBlockchain brings all the latest blockchain industry developments, and publish – News, Blogs, Articles on Blockchain Projects, Startups, Companies and Industries, including blockchain technology, cryptocurrency, digital assets, Bitcoin, Ethereum, Tezos, DeFi, NFT and Web 3.0 news.

More AlexaBlockchain

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

June 19, 2025

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

June 18, 2025

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

June 17, 2025

Tristan Thompson Joins AxonDAO as Board Member and Partner

June 17, 2025

Human Passport Brings Privacy-First Sybil Resistance to Base

June 13, 2025

SynFutures Launches Builder Program to Expand Modular DeFi Ecosystem

June 11, 2025
Add A Comment

Comments are closed.

Don't Miss

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

Tristan Thompson Joins AxonDAO as Board Member and Partner

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.