Verb Data, a Boston, Massachusetts-based customer-facing analytics company, raised $ 3 million in a seed round to help build its team and bring better dashboards to SaaS customers.
The funding round was led by El Cap Holdings and lead investors, Stew Bradley and Kunal Tandon. Individual investors also participating include Stan Garber, Alex Yakubovich, Matt MacInnis, Steve Garrity, and Packy McCormick.
The company intends to raise another round of funding in the third quarter of 2023 and expects to have 100 paying customers by the end of 2023.
Company: Verb Data, Inc.
Raised: $3.0M
Round: Seed Round
Funding Month: January 2022
Lead Investors: El Cap Holdings, Stew Bradley, and Kunal Tandon
Additional Investors: Stan Garber, Alex Yakubovich, Matt MacInnis, Steve Garrity, and Packy McCormick
Company Website: https://www.verbdata.com/
Software Category: customer dashboard and reporting software
About the Company: Founders Dave Hurt and Oleg Fridman started the Boston-based company in January 2020 and started its private beta program with five customers in August 2020, then launched to the public in April 2021. Verb Data is a data experience platform that gives SaaS developers the tools to build and maintain great dashboards and reports, natively, in their application. Verb Data is a customer dashboard and reporting software that enables you to concentrate on your company while offering outstanding data experiences to your people. Verb solves the real pain points of building end-user dashboards and reports so you can focus on your business while providing great data experiences to your users. The company counts dozens of companies as customers, including Encamp, BidOps, SwipeBy, and ReviveMedia.
Source: https://techcrunch.com/2022/01/06/verb-data-puts-3m-to-work-so-companies-can-build-better-in-product-dashboards/