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
C
Rated C on Competitive Edge
Rated B 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

Simplify Jobs

Simplify's Take

What believers are saying

  • Subscription fees from buyers ensure recurring revenue.
  • Transaction fees from suppliers scale with marketplace volume.
  • Partnerships expand reach to new private and public clients.

What critics are saying

  • Vintro cannibalizes Varis's RFP management in 6-12 months.
  • SAP Ariba bundles make Varis redundant in 12-24 months.
  • Suppliers bypass platform directly in 18-36 months.

What makes Varis unique

  • Varis delivers consumer-like B2B procurement marketplace.
  • Intuitive platform connects vetted suppliers and buyers seamlessly.
  • Industry veterans drive procurement transformation with proven tech.

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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

0%

1 year growth

0%

2 year growth

-5%

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