Varis

B2B procurement marketplace simplifying purchasing

Boca Raton, Florida, United States

About Varis

Varis simplifies the procurement process for businesses by providing a user-friendly platform that resembles a consumer shopping experience. This platform allows organizations to quickly and efficiently purchase a variety of products and services. For buyers, Varis offers an intuitive interface that speeds up the procurement process, ensuring timely access to necessary goods. Suppliers benefit from joining Varis's marketplace by gaining access to a wider customer base and the opportunity to build lasting relationships with buyers. Varis differentiates itself from competitors by focusing on creating a seamless connection between buyers and sellers, while also addressing the inefficiencies of traditional enterprise software. The company's goal is to foster long-term partnerships that create shared value for all participants in the marketplace, ultimately transforming the B2B procurement landscape.

Boca Raton, FloridaHeadquarters
2021Year Founded
$28.8MTotal Funding
EARLY_VCCompany Stage
Consulting, Government & Public Sector, Enterprise SoftwareIndustries
51-200Employees

Risks

Competition from e-commerce giants like Amazon Business could overshadow Varis.
Rapid technological advancements may strain Varis's resources for continuous platform updates.
Economic downturns could reduce business spending on procurement services, impacting revenue.

Differentiation

Varis offers a consumer-like shopping experience in the B2B procurement market.
The platform connects buyers and sellers seamlessly, enhancing procurement efficiency.
Varis provides a unique marketplace for vetted suppliers to expand their customer base.

Upsides

AI-driven procurement solutions enhance efficiency, aligning with Varis's digital commerce focus.
Integrated procurement platforms offer expansion opportunities for Varis's service offerings.
Growing demand for real-time data analytics allows Varis to enhance client insights.

Funding

Total raised$28.82 M
Latest valuation$148.15 M
StageEARLY_VC
EARLY VC
7/31/2023
$30
$148.15 M