# Vee24

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vee24

- Industry: Internet
- Headquarters: UK
- Website: www.vee24.com
- Total disclosed funding: $14M
- Latest round: Series B (May 6, 2016)
- Investors on record: 3

## About

Vee24, Inc. is a UK-based company that provides an enterprise-level video chat platform, enabling enhanced digital engagement between brands and customers through personalized virtual consultations.Founded in 2011, Vee24 specializes in a video chat platform that facilitates real-time customer interactions. The company is based in the UK and has completed a total of 3 deals, with its most recent funding round occurring on November 27, 2019. In this round, Vee24 raised USD 5.24 mn, bringing the total amount raised to USD 5.24 mn.Vee24 specializes in an enterprise-level video chat and virtual consultation platform designed to enhance digital engagement between luxury brands and their customers. The core offering facilitates seamless scheduling and video interactions, aimed at elevating customer experiences through personalized consultations. This platform is particularly targeted towards sectors such as luxury home goods, beauty, automotive, and financial services. By integrating Vee24 into their digital ecosystem, brands can provide tailored video interactions that address customer inquiries and enhance overall satisfaction. The company’s products are actively marketed in various geographic markets, notably North America, Western Europe, and parts of Asia, where the demand for luxury goods and personalized customer service is on the rise.Vee24 generates revenue primarily through a subscription-based model that allows businesses to incorporate their video consultation services into existing customer interaction channels. Clients, which include notable luxury brands, engage with Vee24’s offerings by subscribing to tailored service packages that may include options for individual consultations or broader enterprise solutions. The transaction structure is designed to facilitate both B2B partnerships and direct-to-consumer engagements. While the company does not publicly disclose specific pricing information, clients typically pay based on the level of service selected, which may include features such as high-definition video capabilities, analytics tools, and customer relationship management integrations. The company's flagship service focuses on enhancing customer loyalty and increasing average order values through personalized video interactions.Vee24 plans to leverage its recent funding of USD 5.24 mn to support the development of new products and services aimed at expanding its market reach. The company is focused on launching additional features for its video consultation platform by mid-2021, enhancing user experience and expanding its offerings to include more interactive tools. Additionally, Vee24 is targeting expansion into new geographic regions including Asia-Pacific and the Middle East by the end of 2023, aiming to tap into emerging markets with high potential for luxury consumer engagement.

## Funding rounds

- Series B, May 6, 2016, $8.5M — Ascent Venture Partners, PJC, Data Point Capital
- Series A, Aug 6, 2013, $5.5M — PJC, Data Point Capital

## Investors

- PJC (https://capitalatlas.ai/funds/pjc) — Series A, Series B
- Data Point Capital (https://capitalatlas.ai/funds/data-point-capital) — Series A, Series B
- Ascent Venture Partners (https://capitalatlas.ai/funds/ascent-venture-partners) — Series B