# VEO Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veo-technologies-aps

- Industry: Consumer Products
- Headquarters: Copenhagen, Denmark
- Website: www.veo.co
- Total disclosed funding: $113M
- Latest round: Series C (Jun 8, 2022)
- Investors on record: 6

## About

Veo Technologies ApS specializes in sports recording technology, offering innovative solutions that enhance the experience of capturing and analyzing sports events. Their products are designed to serve a variety of clients, including teams and coaches.Founded in 2015 and headquartered in Copenhagen, Denmark, VEO Technologies ApS develops advanced sports recording solutions. The company was established by Henrik Teisbæk and Keld Reinicke. It has raised a total of USD 80.00 mn from four funding rounds, with the latest being a Series C round on June 8, 2022, led by ATP along with contributions from Chr. Augustinus Fabrikker, SEED Capital, and Ventech. The total fundraising in this round equaled the total amount raised by the company.Veo Technologies specializes in sports recording technology, primarily offering the Veo Cam 3, an AI-powered camera designed to automate the recording of sports events. This camera captures the action on the field, providing a broadcast-like experience that allows users to live-stream games, analyze performance, and create highlight reels. The company's offerings include Veo Analytics for data analysis and Veo Editor for sharing and annotating footage, serving sports coaches, teams, and athletes in various sports such as football, basketball, rugby, and lacrosse, predominantly in North America and Europe.Veo Technologies generates revenue through a direct-to-consumer and B2B sales model, focusing on the sale of its flagship product, the Veo Cam 3, alongside subscription services like Veo Live and Veo Analytics. The product is complemented by optional add-ons and structured pricing plans, enabling customers to manage their budgets effectively. In the most recent financial year, the company reported an EBITDA of USD -21,318,074.10.In June 2022, VEO Technologies ApS raised USD 80.00 mn in Series C funding to enhance its artificial intelligence video camera technology. The company plans to leverage this funding to expand its product offerings and increase market presence by targeting new geographic regions. Specific plans for new product launches and expansions into additional markets will be developed as the company progresses with its growth strategy.

## Funding rounds

- Series C, Jun 8, 2022, $80M — Ventech, SEED Capital, ATP, Chr. Augustinus Fabrikker
- Series B, Jan 6, 2021, $25M — Ventech, SEED Capital, Chr. Augustinus Fabrikker, Courtside Ventures
- Series A, Sep 12, 2019, $6M — Ventech, SEED Capital, Courtside Ventures
- Seed, Apr 1, 2017, $2.1M — PreSeed Ventures, SEED Capital

## Investors

- PreSeed Ventures (https://capitalatlas.ai/funds/preseed-ventures) — Seed
- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed, Series A, Series B, Series C
- Ventech (https://capitalatlas.ai/funds/ventech) — Series A, Series B, Series C
- Courtside Ventures (https://capitalatlas.ai/funds/courtside-ventures) — Series A, Series B
- Chr. Augustinus Fabrikker — Series B, Series C
- ATP — Series C