Velocity Global
Latest round
- Series B
Last raised
- May 2022
Total raised
- $500M
Investors
- 3
About Velocity Global
Founded in 2014, Velocity Global, LLC is headquartered in Denver, US, and focuses on delivering HR solutions to businesses worldwide. The company has undergone no significant operational changes and does not operate as a subsidiary of another firm.Velocity Global specializes in providing a comprehensive global HR platform, notably their flagship product, the Global Work Platform™. This platform enables businesses to hire, pay, and manage their workforce seamlessly across 185+ countries while ensuring compliance with local regulations. It addresses critical pain points for organizations looking to expand internationally by removing legal hiring risks, expediting the onboarding process, and facilitating the conversion of contractors to employees. The end users of these services primarily include companies ranging from SMBs to large enterprises that seek to agilely scale their operations without the cumbersome need for local entity establishment.Velocity Global generates revenue through subscription-based models and direct service engagements, primarily in the B2B sector. Clients enter partnerships to utilize the Global Work Platform™, which allows for streamlined management of payroll, compliance, and benefits for their international teams. The revenue model is structured around service fees that vary based on the specific needs and scale of the client’s operations, with costs often tied to the number of employees managed and the range of services utilized. This includes offerings such as Employer of Record services and global payroll management. The company is focused on expanding its offerings and developing new products, although specific release dates are not mentioned. Additionally, Velocity Global aims to penetrate new markets and geographic regions, although targeted regions have not been specified.
Who invested in Velocity Global
3 investors across 2 rounds
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Questions about Velocity Global
Who invested in Velocity Global?
Velocity Global has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Velocity Global raised?
Velocity Global has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Velocity Global last raise money?
Velocity Global's most recent round on record is a Series B, in May 2022.
What does Velocity Global do?
Founded in 2014, Velocity Global, LLC is headquartered in Denver, US, and focuses on delivering HR solutions to businesses worldwide.
Where is Velocity Global headquartered?
Velocity Global is headquartered in Denver, US.
Which VCs invest in companies like Velocity Global?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Velocity Global's stage. Their profiles are linked below.
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