Veridion raises $20M Series A to map every business in real time

Bucharest-born Veridion has raised a $20 million Series A led by London’s Hoxton Ventures, with all five of its existing backers returning, to scale a continuously updated database of 642 million companies that it pitches as a live map of the world’s businesses.

The company-data business has been owned by the same incumbents for decades, and the reflex is still to assume the challenger will come out of New York or San Francisco – and yet the freshest attempt at rebuilding that layer is being written in Bucharest. Below, I lay out the round, the company behind it, the market it sells into, and the pattern it extends.

Hoxton leads, five funds come back for more

Veridion announced the $20 million Series A on 16 September 2026, led by Hoxton Ventures. Every existing institutional backer followed on: Underline Ventures, OTB Ventures, GapMinder, Day One Capital and LAUNCHub Ventures, per the company’s announcement. EU-Startups puts the round at €17.5 million in euro terms.

The money goes to accelerating product development, expanding the team and growing internationally, in the company’s own words. No valuation was disclosed. The detail worth pausing on is the cap table itself: when all five funds that backed a company in 2023 write follow-on cheques in 2026, that is a due-diligence signal no press release can fake.

From 80 million records to 642 million in three years

Founded in 2019 by Florin Tufan and his team as Soleadify, Veridion builds what it calls a live business graph: a continuously refreshed profile of 642 million companies across 249 countries, with 461 attributes per company, assembled from billions of signals across websites, public registries, regulatory filings, product catalogues and news sources. The pitch is blunt, via head of growth Stefan Gergely: “Commercial risk now changes by the hour. Information updated quarterly or annually is no longer intelligence. It’s history.”

The trajectory is the story. When the company announced its previous $6 million raise in February 2023, per its own announcement, the database covered 80 million businesses. Three years later it claims eight times that coverage, a team of more than 60 people across Europe and North America, and over 100 customer organisations, Experian among them – with North America already its largest market, per Tech.eu. A Romanian data company earning most of its revenue across the Atlantic is exactly the shape we keep saying European B2B software should take.

A $4.99bn wedge repricing at 12.89% a year

The nearest sized segment to what Veridion sells is sales intelligence: $4.99 billion in 2026, projected to reach $9.15 billion by 2031, a 12.89% CAGR (Mordor Intelligence, 2026). Veridion’s data feeds more than sales teams – commercial risk, procurement and insurance underwriting are the use cases its announcement leads with – so the true addressable pool is wider than that wedge, though no analyst has credibly sized the “live business graph” category on its own yet.

Our own records put the amount in context. Arlequin AI raised €28 million three days earlier to build Europe’s answer to Palantir in decision intelligence, and Chift landed €10.5 million to connect Europe’s financial software. Three data-infrastructure Series A rounds inside a week is a run, and the tally keeps updating on our fundraising data desk.

The CEE cap table that stayed the course

So what does this round tell us beyond one company’s good week? Look at where the cheques come from: Underline Ventures and GapMinder in Bucharest, Day One Capital in Budapest, LAUNCHub Ventures in Sofia, OTB Ventures with its CEE deeptech roots – and a London lead in Hoxton. That is the pattern we have watched form all year: central and eastern European funds seeding technical companies at home, then a western European or US lead arriving once the numbers land. Hoxton’s Hussein Kanji frames the thesis plainly: “Every important decision about a company still depends on data that is usually out of date.”

The good news is that the region’s quiet compounding is starting to show up in categories that matter, not just in outsourcing lore. The fact remains that $20 million is a modest cheque against the incumbents Veridion is chasing – the test to watch is whether the supply-chain and risk urgency it cites converts into the kind of enterprise contracts that Experian logo suggests, and whether the next CEE data company to hit this stage finds its lead investor even closer to home.

Bucharest built a map of 642 million companies with less money than a mid-sized Series B. Imagine what the region does with the capital it actually deserves. Keep watching the data layer – Europe is quietly rebuilding it!