What is Veem?
Veem operates as a sophisticated payments network designed to streamline the complexities of global business transactions. By providing a centralized platform for financial professionals to manage their payment processes, the company addresses critical inefficiencies in cross-border settlements. Its market position is defined by its ability to offer transparency, speed, and control, effectively competing with traditional banking rails and legacy wire transfer systems. The company's focus on enterprise-level utility has made it a vital component in the modern digital financial ecosystem, particularly for organizations requiring seamless, multi-currency payment capabilities.
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 Fenway Summer Ventures, Digital Currency Group, Pantera Capital, and Kleiner Perkins
Series B (2017): $24M supported by Silicon Valley Bank, Kleiner Perkins Caufield Byers, and Google Ventures
Unspecified (2018): $25M featuring GV, Goldman Sachs, Kleiner Perkins Caufield & Byers, Trend Forward Capital Management, Extol Capital, Pantera Capital, and Silicon Valley Bank
Other Financing Round (2020): $31M backed by Kleiner Perkins, Goldman Sachs, Google Ventures, Truist Ventures, MUFG Innovation Partners Co., AB Ventures, Silicon Valley Bank, and Paper Excellence
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.
Google Ventures
GV is a venture capital firm that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations, governments, and institutional clients.
What's next for Veem?
Looking ahead, Veem is well-positioned to leverage its recent capital injection to accelerate product innovation and deepen its penetration into key global markets. As the demand for digitized, frictionless business-to-business payments continues to rise, the company is expected to focus on enhancing its platform's interoperability and expanding its suite of financial services. The strategic alignment with its diverse investor base—ranging from blockchain-focused firms to global investment banks—provides Veem with the necessary resources to navigate regulatory landscapes and scale its operations sustainably. Future growth will likely center on capturing a larger share of the enterprise payment volume, further cementing its role as a foundational element of the global financial infrastructure.
See full Veem company page
