About Velle Technology
Velle Technology is a Media & Entertainment company based in Portsmouth (United States) founded in 2012. Mobile platform for event discovery and sharing is offered. Velle Technology has raised $250 thousand across 1 funding round. Its focus areas include Online Event Ticketing, Multicategory and Marketplace. Its legal entity in India is Protocom Technology India Private Limited (U72900KA2008PTC048356). Its competitors include StubHub, Fever and Eventbrite; 3 of its 3 listed competitors have raised funding.
Company details
VelleTechnology is the provider of HappsNow, a mobile-based social event discovery platform. Users can search and follow concerts, games, shows, and festivals. Also, lets users share event to their social circle. Claims to have a tailored events list that is individually picked by a team. Charge the face value of the tickets without any extra fees. Available on Android and iOS as in April 2017.
- Headquarters Portsmouth, United States
- SectorsMedia & Entertainment
- Website velletechnology.com
- Legal Name Protocom Technology India Private Limited
- Date of Incorporation 20 Nov, 2008
- Jurisdiction Bangalore, Karnataka, India
- Total Equity Funding$250K (USD)
in 1 rounds
- Latest Funding Round$250K (USD), Seed
Jul 2016
Associated legal entities of Velle Technology
Velle Technology operates through Protocom Technology India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Protocom Technology India Private Limited CIN U72900KA2008PTC048356 | Strike Off | 20 Nov 2008 | Bangalore, Karnataka | 3 | View details |
Funding Insights of Velle Technology
Velle Technology has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in July 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $250,000
- Total Rounds 1
- Last Round Seed — $250,000
- First Round $250,000
(Jul 2016)
All 1 funding rounds of Velle Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2016 | $250,000 | Seed | – | – | – |
Board of directors of Protocom Technology India Private Limited (Velle Technology)
Protocom Technology India Private Limited is the primary company behind Velle Technology. The board of Protocom Technology India Private Limited currently have 3 directors; the longest-serving is Jason Boua Hong Lo, appointed in 2008. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jason Boua Hong Lo DIN 02355467 | Director | 20 Nov 2008 | 17 yrs 11 mo | Protocom Technology India Private Limited |
| Zhang Weiling DIN 02356089 | Director | 20 Nov 2008 | 17 yrs 11 mo | Protocom Technology India Private Limited |
| Pottabathula Uday Kiran DIN 06391559 | Director | 01 Oct 2012 | 14 yrs 1 mo | Protocom Technology India Private Limited |
Timeline of Velle Technology
2 dated milestones of Velle Technology across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Velle Technology is founded.
- Funding First funding round of $250K.
Competitors of Velle Technology
Velle Technology has 3 listed competitors in our database, 3 of them funded. They include StubHub, Fever and Eventbrite.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stubhub.com | 2000 | San Francisco, United States | $53.41M | 646 | Tickets for live events are bought and resold online. | |
| feverup.com | 2014 | New York, United States | $527.03M | Curator and distributor of live entertainment experiences | ||
| eventbrite.com | 2006 | San Francisco, United States | $349.25M | 352 | Platform for discovering and purchasing tickets for events |
Detailed competitors of Velle Technology
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- Full competitor set
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Top companies in Online Event Ticketing Platforms
3 companies that operate in the same segment as Velle Technology (Online Event Ticketing Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tickets for live events are bought and resold online. | 2000 | San Francisco, California, United States | USD 53.41 M | USD 1.75 B | ||
Curator and distributor of live entertainment experiences | 2014 | New York, New York, United States | USD 777.03 M | 5,660 | ||
Event tickets are searched and booked through a digital platform. | 2009 | New York, New York, United States | USD 398 M | 850 |
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Frequently Asked Questions about Velle Technology
Velle Technology was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Velle Technology is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
Velle Technology is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Jul 2016.
VelleTechnology is the provider of HappsNow, a mobile-based social event discovery platform. Users can search and follow concerts, games, shows, and festivals. Also, lets users share event to their social circle. Claims to have a tailored events list that is individually picked by a team. Charge the face value of the tickets without any extra fees. Available on Android and iOS as in April 2017.
Velle Technology's top competitors include StubHub, Fever and Eventbrite.
Velle Technology operates through Protocom Technology India Private Limited.
The legal entities of Velle Technology currently have 3 directors, including Pottabathula Uday Kiran, Jason Boua Hong Lo, Zhang Weiling.