About Velocity Global
Velocity Global is a company based in Denver (United States) founded in 2014 by Ben Wright. Velocity Global has raised $500 million across 2 funding rounds from investors including FFL Partners, Norwest Venture Partners and Eldridge Industries. The company has 380 employees as of April 07, 2024. Velocity Global has completed 2 acquisitions, including ShieldGEO and iWorkGlobal. Velocity Global offers products and services including Employer of Record, Global Payroll, and Global Benefits. Velocity Global operates in a competitive market with competitors including Deel, Globalization Partners, Multiplier, WorkMotion and Lano, among others.
- Headquarter Denver, United States
- Employees 380 as on 07 Apr, 2024
- Founders Ben Wright
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Velocity Global Management Services Private Limited
- Date of Incorporation 12 Jun, 2018
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$20.74 M (USD)125.74as on Mar 31, 2023
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Net Profit
$127.95 K (USD)109.43as on Mar 31, 2023
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EBITDA
$202.14 K (USD)115.67as on Mar 31, 2023
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Total Equity Funding
$500 M (USD)
in 2 rounds
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Latest Funding Round
$400 M (USD), Series B
May 18, 2022
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Investors
FFL Partners
& 2 more
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Employee Count
380
as on Apr 07, 2024
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Investments & Acquisitions
ShieldGEO
& 1 more
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Products & Services of Velocity Global
Velocity Global offers a comprehensive portfolio of products and services, including Employer of Record, Global Payroll, and Global Benefits.
Platform for hiring and managing employees globally with compliance support.
Service to handle payroll across 185+ countries efficiently and accurately.
Solutions for providing international benefits to remote workers worldwide.
People of Velocity Global
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Human Resources and Administration
48 people
Software Development Team
31 people
Leadership Team
17 people
Senior Team
17 people
Finance and Accounting
16 people
Legal and Compliance
11 people
Product Management Team
7 people
Client Team
7 people
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Funding Insights of Velocity Global
Velocity Global has successfully raised a total of $500M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $400 million completed in May 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.
Investors in Velocity Global
Velocity Global has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include FFL Partners, Norwest Venture Partners and Eldridge Industries.
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Holding company investing in insurance, asset management, technology, mobility, sports, music, real estate, and consumer sectors
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Lower middle market investments are targeted by FFL Partners.
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Investor details for Velocity Global
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Investments & Acquisitions by Velocity Global
Velocity Global has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ShieldGEO and iWorkGlobal.
Investment portfolio details for Velocity Global
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- Transaction dates
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Recruitment, payroll, tax, and compliance services are provided.
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Enterprise HRMS solutions are delivered via an online platform.
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Complete acquisition details for Velocity Global
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Financial Statements - Velocity Global
Detailed financials for Velocity Global
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Velocity Global Comparisons
Peer comparison for Velocity Global
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Competitors of Velocity Global
Velocity Global 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 Deel, Globalization Partners, Multiplier, WorkMotion and Lano, among others.
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Cloud-based HRMS solutions are delivered for enterprise compliance and payroll.
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Global teams are hired via AI platform without subsidiaries.
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Cloud-based SaaS management solutions are offered by Multiplier.
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Cloud-based HRMS platform for hiring, payroll, and onboarding is provided.
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Cloud-based tools for contingent workforce management are offered.
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Detailed competitors of Velocity Global
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Latest news on Velocity Global
Complete news archive for Velocity Global
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Frequently Asked Questions about Velocity Global
Velocity Global was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Velocity Global is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Francoise Brougher is the current CEO of Velocity Global.
Velocity Global is a funded company, having raised a total of $500M across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Velocity Global is 380.
Annual revenue of Velocity Global is $20.74M as on Mar 31, 2023.
Velocity Global was established in 2014 in Denver, United States, as a provider of cloud-based HRMS solutions for enterprises. Features such as hiring, onboarding, compliance, contractor classification, and payroll administration are included in the platform. As an employer of record, services like payroll processing, immigration support, and benefits administration are extended to remote workforces. Operations target sectors including life sciences, venture capital, cybersecurity, and private equity.
Velocity Global's top competitors include Deel, Globalization Partners and Worksome.
Velocity Global offers Employer of Record, Global Payroll, and Global Benefits.
Velocity Global has made 2 acquisitions, including ShieldGEO, and iWorkGlobal.
Velocity Global has 3 investors. Key investors include FFL Partners, Norwest Venture Partners, and Eldridge Industries.