Varos, a San Francisco, CA and Tel Aviv, Israel-based data-sharing platform helping companies compare their KPIs to their peers, emerged from stealth and announced its $4 million seed financing round led by Ibex Investors.
Additional investors in the round include Tom Glocer, former CEO of Thomson Reuters, Andy Dunn co-founder of Bonobos, Amol Deshpande, co-founder of Farmers Business Network, and Bob Moore, the CEO of Crossbeam.
This round of funding will go towards adding additional data sources, expanding its product offering, and scaling up marketing.
Company: VAROS CORPORATION
Raised: $4.0M
Round: Seed Round
Funding Month: February 2022
Lead Investors: Ibex Investors
Additional Investors: Tom Glocer, Andy Dunn, Amol Deshpande, and Bob Moore
Company Website: https://www.varos.io/
Software Category: Data sharing platform
About the Company: Varos provides eCommerce and SaaS companies with real-time benchmarking to similar companies for their core business metrics. Varos is a planning software for marketing, product, and finance teams that leverages real-time competitor data to help guide key decisions. Varos is pioneering a new category of data analytics that’s challenging traditional taboos around cross-company collaboration. Varos is also an alumnus of Y Combinator, the prestigious startup accelerator.
Source: https://www.businesswire.com/news/home/20220223005137/en/Varos-Emerges-from-Stealth-with-4M-Seed-Round-to-Revolutionize-Competitive-Analytics-and-Break-Data-Silos