What is Veem?
Founded in 2014 and headquartered in San Francisco, Veem operates a sophisticated payments network designed to streamline complex financial processes for businesses. By providing a robust infrastructure that allows for greater control over payment workflows, the company addresses critical pain points in international B2B transactions. Veem has effectively positioned itself as a vital component of the modern financial technology ecosystem, bridging the gap between traditional banking systems and the agility required by contemporary global enterprises.
How much funding has Veem raised?
Veem has raised a total of $94M across 5 funding rounds:
Other Financing Round
$1.5M
Series A
$12.5M
Series B
$24M
Unspecified
$25M
Other Financing Round
$31M
Other Financing Round (2015): $1.5M with participation from Pantera Capital
Series A (2015): $12.5M led by Pantera Capital, Fenway Summer Ventures, Kleiner Perkins, and Digital Currency Group
Series B (2017): $24M supported by Google Ventures, Kleiner Perkins Caufield Byers, and Silicon Valley Bank
Unspecified (2018): $25M featuring Goldman Sachs, Silicon Valley Bank, Extol Capital, Pantera Capital, Kleiner Perkins Caufield & Byers, Trend Forward Capital Management, and GV
Other Financing Round (2020): $31M backed by Kleiner Perkins, Google Ventures, Goldman Sachs, Truist Ventures, MUFG Innovation Partners Co., Silicon Valley Bank, Paper Excellence, and AB Ventures
Key Investors in Veem
Kleiner Perkins
Kleiner Perkins is a Menlo Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life-science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations, providing financial backing to promising startups and growth-stage businesses.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. Known for its influential role in global capital markets, the firm engages in risk management, financing, and strategic advisory services worldwide.
What's next for Veem?
The recent influx of capital positions Veem to accelerate its product roadmap and expand its footprint in the competitive FinTech sector. As the company moves beyond its scaling phase, strategic priorities likely include enhancing its cross-border payment capabilities and deepening integrations with enterprise resource planning systems. By leveraging its strong backing from institutional investors, Veem is well-equipped to navigate the evolving regulatory landscape and continue its trajectory as a leader in the digital payments infrastructure space.
See full Veem company page
