LADbible founder backs InsurTech Veridox with £1m

Funding Announcement for InsurTech Veridox

Manchester-based InsurTech Veridox has successfully raised £1 million in a fresh funding round, led by Outward VC. A notable participant in this round is Solly Solomou, the founder and CEO of LADbible, who joined through his investment vehicle, Solo Investments Holdings.

What's the Funding For?

This funding is aimed at bolstering both product development and sales efforts as Veridox gears up for its general launch. This strategic financial boost is particularly timely, considering the growing demands for innovative solutions in the insurance sector.

Who is Veridox?

Veridox specializes in insurance technology, focusing on enhancing transparency and efficiency within the industry. With the new funding, they intend to refine their offerings to ensure they meet market needs effectively.

What's Next?

As Veridox prepares to enter the market, this funding round could significantly impact their ability to establish a strong presence. The support from experienced investors like Outward VC and Solomou could provide valuable insights and connections that may aid in their growth strategy.

Potential Implications

If Veridox is successful in its launch and execution, other InsurTech startups may follow suit, leading to a trend of increased investment and innovation within the sector. Keeping an eye on their progress will be essential for those interested in the evolving landscape of insurance technology.

Original Source: https://fintech.global/2025/09/24/ladbible-founder-backs-insurtech-veridox-with-1m/