How Veset CEO Igor Krol grew to $2.8M revenue with a 18 person team in 2024.
Developer and provider of a cloud-based play-out platform. the company offers a tool that enables broadcasters to to create linear television channels and deliver them to satellite, cable and CDN networks.
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Veset Revenue
In 2024, Veset's revenue reached $2.8M. The company previously reported $1.8M in 2023. Since its launch in 2011, Veset has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Veset Hit $2.8m revenue in October 2024 | |
| 2023 | Veset Hit $1.8m revenue in December 2023 | |
| 2021 | Veset Hit $1.7m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
Veset Valuation, Funding Rounds
Veset has not publicly disclosed its valuation. The company has raised $1M in total funding to date.
Veset has raised $1M in total funding across 1 round, with its most recent round in 2013.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2013 | Funding round | $1M | - | - |
Founder / CEO
Igor Krol
CEO
Igor's expertise is in defining strategy and leading diverse teams of professionals in achieving their long-term objectives. In his current role his main focus on driving long term success of the company. Prior to joining Veset as a COO and then becoming its CEO, Igor had a successful 12-year career in investment banking at Citigroup and Schroder Salomon Smith Barney based in London. He advised a wide range of global and emerging markets corporates, financial institutions, private equity and private investors on developing a financial strategy, structuring investments, executing complex cross-border mergers and acquisitions, accessing equity and debt capital markets to finance growth and acquisitions. Igor started his career at Nestle where he gained extensive experience of hands-on finance and risk management knowledge at a triple-A consumer goods corporate, having worked at Nestle's corporate head-office. Igor has particular professional interest in new technology, general management, strategy and finance
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Veset yet.
Veset Employees & Team Size
Veset employs approximately 18 people as of 2026, down from 19 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 18 employees (October 2024) |
| 2023 | Reached 19 employees (December 2023) |
| 2022 | Reached 19 employees (December 2022) |
| 2021 | Reached 21 employees (December 2021) |
| 2021 | Reached 25 employees (April 2021) |
Frequently Asked Questions about Veset
What is Veset's revenue?
Veset generates an estimated $2.8M in annual revenue.
Who founded Veset?
Veset was founded by Igor Krol.
Who is the CEO of Veset?
The CEO of Veset is Igor Krol.
How much funding does Veset have?
Veset raised $1M across 1 round.
How many employees does Veset have?
Veset has 18 employees.
Where is Veset headquarters?
Veset is headquartered in Riga, Latvia.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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