# VeloBit

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

- Industry: Software
- Headquarters: Lincoln, US
- Website: www.velobit.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Jan 18, 2011)
- Investors on record: 2

## About

VeloBit specializes in innovative digital solutions aimed at enhancing operational efficiency across various industries through advanced data management and analytics software.VeloBit, founded in 2010 in Lincoln, US, focuses on delivering advanced software solutions for data management. The company completed a Series A funding round in July 2013, raising USD 1.33 mn from investors including Fairhaven Capital and Longworth Venture Partners, achieving a total amount raised of USD 1.33 mn and a current valuation of USD 3.525 mn. In July 2013, Western Digital Technologies acquired VeloBit for an undisclosed sum.Velobit.com specializes in providing innovative digital solutions designed to enhance operational efficiency and optimize processes for a diverse array of industries. The company's core product offerings encompass advanced software applications that facilitate data management, analysis, and visualization, catering to clients in sectors such as logistics, finance, and healthcare. These solutions are engineered to streamline workflows, reduce operational costs, and improve decision-making capabilities for businesses seeking to harness the power of data. Velobit.com serves a broad customer base, including small to medium enterprises (SMEs) and large corporations across North America and Europe, ensuring that end users benefit from enhanced productivity and informed insights. The products have been strategically developed over several years, with continual updates to adapt to the evolving needs of their client sectors.The revenue generation model at Velobit.com primarily revolves around a subscription-based framework, enabling clients to access its suite of software solutions on a recurring basis. Clients enter into agreements that may include tiered pricing plans based on features and user levels, allowing flexibility to accommodate varying business sizes and requirements. Transactions typically involve annual or monthly subscriptions, coupled with tailored support services for implementation and ongoing maintenance. This structure encourages long-term partnerships, fostering customer loyalty and providing a steady revenue stream for the company. Flagship products are central to these agreements, enhancing the company's market presence and ensuring consistent engagement with its client base.VeloBit is focused on launching new products that cater to evolving client needs, with specific release dates to be announced. The company plans to expand its operations into new geographic markets, specifically targeting Europe and Asia by the end of 2024. The recent funding from the Series A round will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Series A, Jan 18, 2011, $1.3M — Longworth Venture Partners, Fairhaven Capital

## Investors

- Longworth Venture Partners (https://capitalatlas.ai/funds/longworth-venture-partners) — Series A
- Fairhaven Capital (https://capitalatlas.ai/funds/fairhaven-capital) — Series A