This Startup Just Raised $20M to Map 642 Million Businesses in Real Time

Jan de Vries · 2026-09-16

What if you could see the global economy shift in real time? That's exactly what Veridion, a Bucharest-based startup, is building. And it just raised $20 million to make it happen. Veridion (formerly Soleadify) closed a Series A round led by Hoxton Ventures, with existing backers like Underline Ventures, OTB Ventures, Gapminder, Day One Capital, and Launchub chipping in. This follows a $6 million round in early 2023 and $1.5 million in seed funding back in 2020. So yeah, investors are paying attention. So what's the big idea? Veridion is creating a living, breathing digital replica of the business world. We're talking about a continuously updated map of 642 million companies across 249 countries. Each company is resolved into a connected structure of legal registrations, operating locations, and corporate hierarchy, with 461 attributes per company. That's a lot of data. ### Why Real-Time Business Intelligence Matters Think about it. When something like the Hormuz Strait disruption happens, it doesn't just affect shipping. It ripples through supply chains, insurance, and thousands of businesses worldwide. Traditional market intelligence often relies on data that's updated quarterly or annually. By the time you see the impact, it's already old news. Stefan Gergely, Head of Growth at Veridion, puts it bluntly: "Static business intelligence is no longer fit for an unstable world. If the business world is changing every day, why are companies still making billion-dollar decisions using data that's months old?" He's got a point. Whether it's conflict in the Middle East, trade tensions, extreme weather, or financial shocks, you need a real-time view. Veridion's system analyzes billions of digital signals from company websites, public registries, regulatory filings, product catalogs, social profiles, and trusted news sources to keep its graph fresh. ### How It Works Veridion's live business graph is like a constantly updating snapshot of the commercial world. When disruption hits, companies using Veridion can immediately identify which suppliers, partners, or customers are exposed. They can assess the wider impact and make faster, better-informed decisions. For example, when the Hormuz Strait crisis threatened one of the world's busiest shipping routes, Veridion users could see exactly which businesses were affected. That's powerful. ### What's Next? With this fresh capital, Veridion plans to accelerate product development, grow its team, and expand internationally. CEO Florin Tufan says, "This fresh investment is a major milestone for Veridion and will allow us to accelerate product development, grow our team and expand internationally, helping more organisations understand commercial risk before it affects their business." In a world where commercial risk changes by the hour, Veridion's approach could be a game-changer. After all, information updated quarterly or annually isn't intelligence. It's history. So if you're in risk, credit, or market intelligence, keep an eye on Veridion. They're building the map of the business world, and it's always up to date.