Varis

Varis

Platform enabling streamlined B2B procurement

Overview

Varis operates a B2B procurement marketplace that connects buyers and suppliers to simplify and speed up purchasing for both private and public sector organizations. The platform offers an intuitive, consumer-like shopping experience where buyers subscribe for access and suppliers join as vetted members to transact on the marketplace. Revenue comes from buying organization subscriptions, transaction fees on sales, and partnership fees for organizations that offer Varis’s solutions to their customers or members. Unlike traditional enterprise procurement software, Varis uses a user-friendly interface, a vetted supplier network, and established industry experience to streamline category management and procurement transformation, aiming to save time and money for all participants. The goal is to transform and speed up procurement, creating lasting value for buyers, suppliers, and partners through a scalable, technology-driven marketplace.

About Varis

Simplify's Rating
Why Varis is rated
D+
Rated C on Competitive Edge
Rated D+ on Growth Potential
Rated D- on Differentiation

Industries

Data & Analytics

Consulting

Government & Public Sector

Enterprise Software

Company Size

11-50

Company Stage

Early VC

Total Funding

$29.6M

Headquarters

Boca Raton, Florida

Founded

2021

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Simplify's Take

What believers are saying

  • Govaris still markets 3.4 million products and vetted suppliers in 2025.
  • Varis claims ERP integrations and 80% AP process reduction on product pages.
  • Public-sector and private-sector positioning broadens the buyer base beyond office supplies.

What critics are saying

  • ODP cut 75 Varis jobs in spring 2024, signaling deep cost pressure.
  • 2024 revenue was $2 million against $14 million quarterly operating loss.
  • If Arising Ventures stops funding after December 2025, Varis faces shutdown.

What makes Varis unique

  • Varis combines supplier catalogs, workflows, and marketplace buying in one interface.
  • Its Maximo integrations reduce supplier onboarding and manual procurement work.
  • ODP sold Varis to Arising Ventures in October 2024, preserving minority ownership.

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Funding

Total Funding

$29.6M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights

Headcount

6 month growth

-2%

1 year growth

-10%

2 year growth

-12%

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