Latest news with #VERO
Gizmodo
01-07-2025
- Gizmodo
Download VERO - True Social (free) for Android and iOS
VERO – True Social is a social network app developed to stand out from the online experience we're accustomed to. At its core, VERO is not an algorithm but authenticity. It's a space where people can share things that matter: photos, music, books, links, and thoughts, with no one able to hide them by filtering and reordering your message or by simply burying it. The timeline is chronological. That alone sets it apart. No guessing as to who sees what, why, or what not. What you put up is what your followers get to see, and that transparency in the format is one of the things contributing to the voice of the app. One more thing that makes VERO unique is the way it treats the issue of relationships. It allows you to arrange your contacts into categories of close friends, friends, acquaintances, or followers. That means you have the opportunity to share something very personal with only a few people or post for everyone. This flexible control provides its users with something that is not always provided — the choice. Not all has to be for all, and VERO does not forget it. There are no ads. Noninvasive data mining. It is a more deliberate space, less noisy. It makes you slow down, consider what you are posting, and communicate with others without all this feeling of being in a rush and feeling superficial. The majority of the social platforms are currently full of noise. Browsing through them is as if walking through a crowded mall with flashing billboards yelling at your face to give attention. VERO is in the opposite direction. It doesn't shout. It does not pop up ads in your face or bombard you with content that you never asked for on your feed. That alone changes the manner in which you relate to the app. You open it and check what the people whom you care about are sharing, that's all. Simplicity has a feeling of quiet. The app allows you to be yourself, instead of constantly contemplating how many likes you are going to receive. It does not hide or promote posts on some algorithm. It is what you post that the people get to see, and this is in the order it was shared. This means that your content doesn't get lost even when you are not posting during the 'right' time, or trying to game the system. And because with VERO you can share more than pictures or the status update, i.e., can recommend music, review books, share videos, or even post articles, so it makes your profile a reflection of your true interests, not a shining highlight reel. It's also about connection. The fact that all you need is the ability to sort out the followers hence, you can be selective about what you share and with whom you share it. There is no need to choose between the two systems: public and private. It is up to you to take both, depending on the post. This control creates the kind of trust that is very often lacking in other applications. And since there are no ads and no algorithms that make up your feed, it is like your time on VERO is your own time. You're not sucked to an endless scroll. You're simply checking in. For creatives, this is a thing of great importance. VERO has become a place of displaying art where the artists, photographers, writers, and musicians are making their works unhidden by distraction. The premium image support, no-frills interface, and ad-free environment allow the creators to post with no compromise. If you are tired of always trying to fit in the rules of other platforms and all you want is a platform where you can share your voice, then VERO is one of the limited ones where it doesn't feel like you have to try. Yes, VERO – True Social is free for downloading and for use. Although there were initially plans for a subscription-based model, the app currently offers all its major features for free. Ads, data selling, and paywalls for basic access are not present. VERO – True Social can be installed on both iOS and Android. It functions properly on modern smartphones and tablets and updates itself regularly for stability and compatibility. Designed with mobile use in mind, the app is visually tidy, with a desktop version underway. The company wants you to have a responsive and fluid surfing experience, regardless of whether you're looking for a newly developed phone or a mid-range device. The fact that the world is full of social apps, finding the right one boils down to what kind of experience you want to get. Even among all the sites, Facebook remains the most popular and the largest network of contacts. And it has its own set of problems – algorithm-based feeds, ads, targeted suggestions, as well as the feeling that you are watched all the time. If you are all for a curated experience, then Facebook can be overwhelming. Nevertheless, for being in contact with family or staying in groups or events, it is worth its money. Pixelfed has to be mentioned as another option, especially if you are interested in photography and would rather go for something less commercial. Based on the approach to decentralized social sharing without advertising, Pixelfed keeps the focus on the visuals, meaning that the visuals are the main focus. Similar to VERO, it does not show ads to you, nor does it mine your data. It is a part of the Fediverse, and therefore, it gets along with other decentralized apps such as Mastodon. It may not have all the bells and whistles of the big names, but it does not mess around with your content and privacy. For those who like to tell stories through pictures, that is a welcome turnaround. Then, there's Triller that has an entirely different approach. It's made for short-form, high-energy video content, usually linked to music and pop culture. If you are a person who likes making or watching fast, shareable clips that go viral, Triller does all of this in spades. It's more performance-oriented, getting more into trends, challenges, and influencer culture. Though it may not provide the deep, serene environment VERO is trying to create, it is for creators who succeed in today's fast-living digital crowd. It is all about having maximum eyes in short lengths of time.
Yahoo
20-05-2025
- Business
- Yahoo
VERO Announces Growth Equity Round Co-Led By Fifth Wall And Sunriver Capital Partners
—With meaningful participation from Rebuild Capital, the investment and newly appointed leadership positions VERO to accelerate product innovation, scale operations, and deepen market traction— NEW YORK, May 20, 2025 /PRNewswire/ -- VERO—the modern screening and leasing platform for owners and renters—today announced a significant growth equity round co-led by Fifth Wall and Sunriver Capital Partners, with meaningful participation from Rebuild Capital. This strategic partnership brings together leading firms to distinctly bolster VERO's position in the market. The capital will enable the company to accelerate product development, enhance go-to-market initiatives, and solidify its role as the foundational layer within the modern property tech stack — optimizing the owner and renter experience. This round follows VERO's $9M Series B, led by Fifth Wall, which closed in April 2023. "VERO sits at one of the most critical junctures in the renter journey — right at the point where real, verifiable information enters the system. That moment isn't just about screening; it sets the stage for everything that follows, from insurance and deposit alternatives to the move-in experience," shared Magnus Vik, Co-President & Chief Operating Officer, Fifth Wall. "VERO isn't a point solution, it's the gateway to an entire ecosystem. We're thrilled to double down on our investment in VERO and look forward to supporting them as they continue redefining how the industry serves owners and renters." As VERO enters its next chapter, Travis Gibson has joined the company as Chief Technology Officer. An early engineer at Marqeta—the global leader in modern card issuing—Gibson played a pivotal role in scaling the company's Digital Banking product suite through hypergrowth and IPO. He later founded Proper, a Y Combinator-backed FinTech startup, which was acquired by Intuit in March 2024. More recently, Gibson has been focused on helping public companies modernize their legacy tech stacks and elevate overall product performance. Gibson joins a seasoned leadership team that includes Jamey Rosamond, Co-Founder and Managing Partner at Sunriver, who now serves as Chief Executive Officer of VERO. Rosamond brings more than two decades of experience operating and investing in high-growth companies across the real estate tech, insuretech, and construction tech sectors. Prior to founding Sunriver, Rosamond served as Chief Operating Officer of leading the company through its acquisition by MRI Software, and before that as Chief Operating Officer of RadPad, which was acquired by Priority Technology Holdings. Rounding out the team is Jeff Cate, VERO's Chief Financial Officer, who brings deep expertise in finance and operations, having held senior roles at Appspace, Hayman Capital Management, and Atlas Capital. "With a proven track record of building and scaling category-defining financial products, leading high-performance engineering teams, and driving innovation across both startups and enterprise environments, Travis brings the vision and technical depth to accelerate VERO's next wave of product growth," stated Copley Broer, Co-Founder & Managing Partner at Sunriver. "This significant capital infusion—combined with a best-in-class leadership team and a robust pipeline—positions VERO to capitalize on its momentum and solidify its status as the category leader of choice for owner-operators." Lou Baugier—VERO's founding Chief Executive Officer—will continue to support the company as a Senior Advisor, helping to guide its mission and long-term vision. Under Baugier's leadership, VERO evolved from an early-stage startup into a trusted partner to several of the top 10 property management companies in the U.S. His transition marks a natural evolution as the company enters its next phase of growth. Supporting this next chapter, VERO has strengthened its Board of Directors with the addition of Vik, Broer, and Jeremy Kaner, Founder and Managing Partner of Rebuild Capital. VERO's platform has become increasingly valuable to many of Fifth Wall's Limited Partners operating across the single-family and multifamily sectors. Kristy Simonette, Senior Vice President of Strategic Services and Chief Information Officer at Camden Property Trust, said, "As the industry moves past favorable cap rate dynamics, success now relies on execution and partnering with platforms that deliver measurable results. We constantly evaluate every partner based on ROI, and VERO stands out. It streamlines our leasing process, catches fraud early, and ensures we place the right residents in our apartment homes. It's essential in today's operating environment." VERO is a purpose-built platform designed to streamline residential leasing by mitigating risk, accelerating leasing velocity, and consolidating fragmented vendor relationships. In a market where owners and operators often rely on incomplete risk proxies, and applicants face outdated, invasive processes, VERO offers the modern, centralized solution that works for both sides of the lease. As the first and only platform to fully automate the verification of prior residency and applicant qualifications, VERO eliminates manual workflows while improving accuracy, compliance, and operational efficiency. By unifying every step of the leasing process—from screening to signing—into one fraud-proof system, VERO helps increase net asset value, reduce risk, and deliver a faster, more transparent experience for both property teams and renters. Today, VERO is live across a rapidly growing footprint of properties, has flagged tens of thousands of fraudulent applications, and has screened hundreds of thousands of applications — a testament to the accelerating demand for modern leasing infrastructure. About VEROVERO is the modern screening and leasing platform purpose-built for owners and renters. Acting as the foundational layer of the residential leasing stack, VERO helps operators reduce risk, increase velocity, and streamline workflows by consolidating fragmented tools into one centralized system. As the only platform to fully automate applicant and residency verification, VERO eliminates manual processes while improving compliance, accuracy, and fraud detection. By unifying the leasing journey—from screening to signing—VERO delivers a faster, safer, and more transparent experience for property teams and renters alike. Learn more at About Fifth WallFounded in 2016, Fifth Wall, is the largest asset manager investing at the intersection of real estate and technology. With approximately $3B in commitments and capital under management, Fifth Wall is backed by a global mix of more than 110 strategic limited partners from 20-plus countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Hines, Host Hotels and Resorts, Kimco Realty Corporation, Lennar, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, and Toll Brothers, amongst others. This consortium represents one of the largest groups of potential partners in the global built world ecosystem, resulting in transformational investments and collaboration with portfolio companies to improve efficiency and maximize returns. Founded in Los Angeles and headquartered in New York City, Fifth Wall's other offices include San Francisco, London and Singapore. For more about Fifth Wall, its Limited Partners and portfolio, please visit About Sunriver Capital PartnersSunriver Capital Partners bridges the gap between traditional venture capital and private equity. We provide growth capital to mid-stage technology companies with proven business models that may not fit conventional funding frameworks. Sunriver is deeply focused on the technologies that are changing traditional industries such as real estate, construction, and insurance, and our experienced internal operations team ensures that we bring more than just capital to our portfolio companies. Sunriver is based in Dallas. For more information, please visit About Rebuild CapitalRebuild Capital is a special situations investment firm focused on Built World technology companies and takes a hybrid VC/PE approach to strategic investing across the real estate and construction technology landscapes. Rebuild Capital partners with our strategic LPs and deep bench of operating partners to provide portfolio companies with an ecosystem where they gain access to the guidance, relationships, customers and capital needed to succeed. Rebuild invests across the entire company lifecycle, from early-stage incubation to late-stage turnarounds, providing tailored capital solutions that match each portfolio company's unique growth trajectory and operational needs. For more information, please visit View original content to download multimedia: SOURCE VERO
Yahoo
15-05-2025
- Business
- Yahoo
Venus Concept: Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Venus Concept Inc. (VERO) on Thursday reported a loss of $12.4 million in its first quarter. On a per-share basis, the Toronto-based company said it had a loss of $17.44. The maker of hair transplant devices posted revenue of $13.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VERO at Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Venus Concept: Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Venus Concept Inc. (VERO) on Thursday reported a loss of $12.4 million in its first quarter. On a per-share basis, the Toronto-based company said it had a loss of $17.44. The maker of hair transplant devices posted revenue of $13.6 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VERO at
Yahoo
09-04-2025
- Business
- Yahoo
Venus Concept Inc (VERO) Q4 2024 Earnings Call Highlights: Navigating Challenges and Strategic ...
Total Revenue: $15.8 million, down 13% year-over-year. Lease Revenue: Declined 58% year-over-year in Q4. Cash Systems Revenue: Increased 10% year-over-year in Q4. Gross Profit: $10.9 million, decreased 10% year-over-year. Gross Margin: 69.1% compared to 66.5% in Q4 2023. Total Operating Expenses: Decreased 11% to $17.6 million. GAAP Operating Loss: $6.7 million compared to $7.6 million in Q4 2023. Net Loss: $8 million or $11.23 per share, compared to $11.1 million or $20.14 per share in Q4 2023. Adjusted EBITDA Loss: $6.1 million compared to $5.9 million last year. Cash and Cash Equivalents: $4.3 million as of December 31, 2024. Total Debt Obligations: Approximately $39.7 million, down from $74.9 million as of December 31, 2023. Cash Used in Operations: $3.8 million for Q4, compared to $0.8 million last year. 2025 Q1 Revenue Outlook: At least $14 million. Warning! GuruFocus has detected 5 Warning Signs with VERO. Release Date: March 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cash sales in the US increased 27% year-over-year, representing 87% of total US system sales in Q4. The company successfully reduced its total debt obligations by 47% from the previous year. Venus Concept Inc (NASDAQ:VERO) achieved a 14% reduction in cash used in operations year-over-year. The company made significant progress in restructuring its debt obligations and secured additional bridge financing. The new management structure is designed to streamline decision-making and position the company for growth and profitability. Fourth quarter revenue declined by $2.4 million or 13% year-over-year. Lease revenue decreased by 58% year-over-year in the fourth quarter. Global systems adoption continues to be impacted by macroeconomic headwinds, including high interest rates and tighter credit markets. The company experienced supply-related shortfalls in inventory, impacting the ability to close system deals. Net loss attributable to stockholders for Q4 2024 was $8 million, compared to a net loss of $11.1 million in Q4 2023. Q: Can you characterize what a more normalized business profile looks like post-strategic shift, given the macroeconomic conditions? A: Rajiv De Silva, CEO: The structural changes are now behind us, and we expect our performance in 2025 to improve compared to 2024. However, predicting the global economy's impact remains challenging, and we are cautious due to ongoing strategic reviews. Q: How is the Venus hair business performing, and what are the future prospects? A: Rajiv De Silva, CEO: We are pleased with the performance of the Venus hair business, particularly the Venus robot. Despite financial constraints, we've made significant R&D innovations and see strategic interest in this business, which remains a key value driver. Q: What is the strategy for growth in 2025, especially after completing the strategic shift? A: Rajiv De Silva, CEO: Internationally, we aim to stabilize ordering rhythms with new distribution partners. In the US, we plan to launch a new body system in the early second half of the year, which we expect to drive growth. Q: Are there any remaining cost-cutting opportunities, or is the company operating as lean as possible? A: Rajiv De Silva, CEO: Our infrastructure is efficient, and the main issue is the lack of critical mass in sales. We don't foresee significant cost reductions but will adjust variable costs like marketing as sales grow. Q: How might tariffs impact your business, particularly in terms of international and US operations? A: Rajiv De Silva, CEO: Our robot is manufactured in the US, and energy-based products are made in Israel, which has been protected from increased tariffs. We do not expect a substantial near-term impact from tariffs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
