About Velocity Black
Velocity Black is a company based in London (United Kingdom) founded in 2014 was acquired by Capital One in June 2023.. Velocity Black has raised $64.39 million across 8 funding rounds from investors including Capital One, Lerer Hippeau and DIG Investment. The company has 51 employees as of March 31, 2021. Velocity Black has completed 3 acquisitions, including PayWithCover, Tab Payments and Uncover London. Velocity Black operates in a competitive market with competitors including Ten Lifestyle Group, Quintessentially, RedBeryl, Aspire Lifestyles and One Concierge, among others.
- Headquarter London, United Kingdom
- Employees 51 as on 31 Mar, 2021
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Velocity Mobile Limited
- Date of Incorporation 02 Apr, 2014
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$10.21 M (USD)197as on Apr 29, 2019
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Net Profit
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EBITDA
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Total Equity Funding
$64.39 M (USD)
in 8 rounds
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Latest Funding Round
$195.51 K (USD), Series B
Apr 10, 2022
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Investors
Capital One
& 8 more
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Employee Count
51
as on Mar 31, 2021
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Investments & Acquisitions
PayWithCover
& 2 more
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Acquired by
Capital One
(Jun 01, 2023)
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Funding Insights of Velocity Black
Velocity Black has successfully raised a total of $64.39M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $195.51 thousand completed in April 2022. 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 Total Funding
- Total Rounds 8
- Last Round Series B — $195,509
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First Round
First Round
(17 Jun 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Velocity Black | Valuation |
investors |
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| Jan, 2019 | Amount | Series B - Velocity Black | Valuation |
investors |
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| Feb, 2018 | Amount | Series B - Velocity Black | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Velocity Black
Velocity Black has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Capital One, Lerer Hippeau and DIG Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage VC investments and corporate advisory services are provided.
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Founded Year | Domain | Location | |
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Investments are directed toward seed and early-stage tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Velocity Black
Velocity Black has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include PayWithCover, Tab Payments and Uncover London. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Last minute table booking
|
2014 | ||||
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Mobile Payments at Toronto's Restaurants
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2013 | ||||
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Mobile payments are enabled for restaurant bills in select cities.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Velocity Black
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Velocity Black Comparisons
Competitors of Velocity Black
Velocity Black operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ten Lifestyle Group, Quintessentially, RedBeryl, Aspire Lifestyles and One Concierge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Luggage concierge services are booked via an online platform.
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| domain | founded_year | HQ Location |
Personal luxury concierge services are delivered via chat-based platform.
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| domain | founded_year | HQ Location |
Provider of luxury lifestyle management services
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| domain | founded_year | HQ Location |
Concierge services for lifestyle assistance are provided globally.
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| domain | founded_year | HQ Location |
Provides personal concierge, event access, lifestyle management, and corporate services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Velocity Black
Frequently Asked Questions about Velocity Black
When was Velocity Black founded?
Velocity Black was founded in 2014.
Where is Velocity Black located?
Velocity Black is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Velocity Black a funded company?
Velocity Black is a funded company, having raised a total of $64.39M across 8 funding rounds to date. The company's 1st funding round was a Series B of $4.31M, raised on Jun 17, 2014.
How many employees does Velocity Black have?
As of Mar 31, 2021, the latest employee count at Velocity Black is 51.
What is the annual revenue of Velocity Black?
Annual revenue of Velocity Black is $10.21M as on Apr 29, 2019.
What does Velocity Black do?
Velocity Black was founded in 2014 in London, United Kingdom, as a provider of an AI-driven travel planning and recommendation platform. The premium travel technology sector is targeted, with services including personalized recommendations, ticket bookings, restaurant suggestions, and notifications for nearby concerts. Operations focus on multiple verticals within the premium segment, and the platform is accessible via an Android app.
Who are the top competitors of Velocity Black?
Velocity Black's top competitors include Ten Lifestyle Group, Quintessentially and RedBeryl.
How many acquisitions has Velocity Black made?
Velocity Black has made 3 acquisitions, including PayWithCover, Tab Payments, and Uncover London.
Who are Velocity Black's investors?
Velocity Black has 9 investors. Key investors include Capital One, Lerer Hippeau, DIG Investment, Chrystal Capital, and John Paul.
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