Verlocal
Verlocal - Classes, Products, and Social Events in Your City.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
$2.7m | Seed | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Verlocal offers a dual-purpose platform catering to the gig economy, functioning as both a community-driven marketplace and a suite of business management tools. Founded in 2014 by William Lee, Adam Becker, and Eugene Joseph, the company aims to provide an infrastructure for freelancers and small businesses to monetize their skills. William Lee, the CEO, studied Artificial Intelligence at Stanford and seeks to empower individuals to become one-person business owners.
The company's primary offering is Verlocal Pro, a booking software system designed for small to medium-sized businesses and individual entrepreneurs. This service provides tools for managing reservations, customer relationships, marketing, and logistics. Key features include unlimited bookings, customizable booking layouts, payment processing, guest and vendor management, and a light CRM to track customer interactions. The software integrates with websites and social media pages, supporting platforms like Squarespace, Wix, and Shopify. This allows businesses to streamline their booking processes directly from their own sites, reducing manual effort and improving efficiency.
In addition to the Pro software, Verlocal operates a marketplace where individuals can offer and discover local classes, events, handmade products, and services. This creates a channel for vendors to generate revenue and for customers to find local experiences. The business model primarily revolves around transaction fees for services booked through their platforms. The company caters to service-based businesses in industries such as arts & crafts, entertainment, and retail. To date, Verlocal has secured $3.7 million in funding.
Keywords: freelancer marketplace, booking software, small business tools, gig economy platform, local experiences, online reservations, customer relationship management, payment processing, event booking, service marketplace, William Lee, Adam Becker, Eugene Joseph, Verlocal Pro, community marketplace, artisan classes, workshop booking, tour operator software, appointment scheduling, hyperlocal services