Participated · Series B · Jul 2023

Verifiable automates healthcare provider credentialing and compliance and builds provider network management software that integrates real-time verification APIs to shorten credentialing from weeks to days. The company serves both providers and payers, automating regulatory compliance and operational workflows to reduce costs. Over the past year Verifiable has shifted focus to enterprise customers, gained Humana as a client, and launched enterprise network management products and Salesforce modules. Verifiable nearly doubled its employee count and customer base and tripled revenue during that period; customers include Lifestance, Zelis, Lyra Health, Modern Health, Wheel and Grow Therapy. The company formed in 2020 and is Austin-based. Leadership plans to grow the go-to-market team, expand the Salesforce partnership and product line, and focus on operational efficiency and a path to profitability. Verifiable provides an API toolkit and infrastructure that centralizes healthcare provider data and automates verification to support credentialing, enrollment, claims and provider directories. Its platform places providers at the center and can reduce credentialing turnaround times by over 70%. The company has verified hundreds of thousands of providers and is expanding into insurance payers in addition to provider directories. Verifiable works with customers such as Lyra Health, Talkspace, Modern Health, Headway, Wheel, Quartet Health and Forward to automate credentialing, compliance and provider operations. Less than a year after a $3 million seed round, Verifiable raised a $17 million Series A and plans to use the funding to scale—founder Nick Macario intends to double the current 26-person team by year-end and is hiring across engineering, operations and go-to-market roles. Verifiable offers an API that connects to hundreds of primary sources to keep updated records on roughly 17 million licensed healthcare providers in the U.S. Its core product automates licensing verification and ongoing monitoring rather than one-time checks. The company works with Dock to issue digital credentials anchored to a public ledger. Customers including Talkspace, Sesame and Verge Health use the API to automate real-time verifications for more than 50,000 healthcare providers. Verifiable charges a management service priced roughly between $2 and $10 depending on verification depth and scale. The team says it plans to expand into broader identity and healthcare provider data use cases beyond verification.