Velocity Global Raises $200M in Growth

Velocity Global has successfully raised $200M in a Growth at a $1.5B valuation led by Trilantic North America.

Company Overview

Velocity Global is a HR Tech company headquartered in Denver, CO, founded in 2014 with 1000+ employees.

Global workforce management

Fundraising Details

Amount Raised: $200M
Round Type: Growth
Valuation: $1.5B
Date: 2024-07-01
Investors: Trilantic North America

About Velocity Global

Global workforce management The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Denver, CO
Founded: 2014
Team Size: 1000+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in Velocity Global's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Velocity Global's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.5B valuation marks an important milestone for Velocity Global, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, Velocity Global is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-01. For more information about Velocity Global, visit their headquarters at Denver, CO.