# Velocity Mobile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/velocity-mobile

- Industry: Software
- Headquarters: London, UK
- Website: www.velocity.black
- Total disclosed funding: $16M
- Latest round: Series A (Sep 22, 2015)
- Investors on record: 6

## About

Velocity Mobile Limited is a premium service provider that specializes in offering high-performance individuals access to exclusive experiences through a dedicated concierge service.Founded in 2014 and headquartered in London, UK, Velocity Mobile Limited operates as a concierge service that provides personalized experiences. The company has completed a total of 7 deals, with its most recent one occurring on June 1, 2023. The latest funding round, Series B, raised GBP 11.010 mn, bringing the total amount raised to GBP 11.010 mn and achieving a current valuation of GBP 67.000 mn. The company's founders, Alex Macdonald, Peter Maruff, and Zia Yusuf, have backgrounds in various industries, with Zia Yusuf currently serving as CEO.Velocity Black offers a premium membership service designed for high-performance individuals, providing a 24/7 concierge service that includes exclusive reservations at upscale restaurants, tickets for sold-out events, personalized travel itineraries, and luxury goods. Their tailored offerings extend to bespoke aviation solutions, such as on-demand private jet services, focusing on affluent markets in North America, Europe, and Asia.In 2023, Velocity Black reported a revenue of GBP 20,999,236.20 with an EBITDA of GBP -15,414,346.30. The company generates revenue primarily through its subscription-based model, allowing clients to access a variety of high-end concierge services, including dining, travel, and luxury experiences, structured through direct-to-consumer interactions.On June 1, 2023, Capital One Financial Corporation agreed to acquire Velocity Mobile Limited from several investors, including Force Over Mass Capital and DIG Investment. This acquisition is expected to enhance Capital One's platform and expand its travel service sector to better meet customer demands. Future growth plans may include the launch of new products and services aimed at reinforcing their market position.

## Funding rounds

- Series A, Sep 22, 2015, $4M — Spark Capital, Indie Enterprises, Lerer Hippeau Ventures
- Series A, Jun 17, 2015, $12M — Zheng He Capital, Crystal Stream, Force Over Mass Capital

## Investors

- Zheng He Capital (https://capitalatlas.ai/funds/zheng-he-capital) — Series A
- Crystal Stream (https://capitalatlas.ai/funds/crystal-stream) — Series A
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Series A
- Spark Capital — Series A
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A
- Lerer Hippeau Ventures — Series A