Verofax Secures $1.2M in Seed Funding

– Verofax Limited, an Abu Dhabi, UAE-based automation and traceability platform, secured $1.2M in seed funding.
– The round was led by Trove Capital Limited UK with participation from MFD Holding, Kepler Fund Managers, and Casablanca Holding.
– The company intends to use the funds to serve its pipeline of projects, launch a marketing campaign targeted at food, healthcare, and apparel industries and hire 20 additional team members, mainly software developers and business development managers.