What is Veem?
Veem operates a sophisticated global payments network designed to empower businesses and financial professionals with enhanced control over their payment processes. Founded in 2014 and headquartered in San Francisco, California, Veem addresses the complexities of international transactions by providing a streamlined and efficient platform. The company's network facilitates seamless cross-border payments, offering a robust alternative to traditional banking channels and enabling greater financial agility for its users.
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 Kleiner Perkins Caufield Byers, Google Ventures, and Silicon Valley Bank
Unspecified (2018): $25M featuring GV, Kleiner Perkins Caufield & Byers, Trend Forward Capital Management, Extol Capital, Pantera Capital, Goldman Sachs, and Silicon Valley Bank
Other Financing Round (2020): $31M backed by Goldman Sachs, Truist Ventures, MUFG Innovation Partners Co., Kleiner Perkins, AB Ventures, Google Ventures, Silicon Valley Bank, and Paper Excellence
Key Investors in Veem
Goldman Sachs
Goldman Sachs is a leading global investment banking firm known for its extensive financial services, including capital markets advisory and strategic financing. Their participation suggests a strong belief in Veem's enterprise-level potential and market strategy.
Kleiner Perkins
Kleiner Perkins is a prominent venture capital firm specializing in early and growth-stage technology companies. Their consistent backing of Veem highlights a long-term commitment to the company's innovative approach in the enterprise software and financial technology sectors.
Google Ventures
GV (Google Ventures) is a venture capital firm that invests in a wide range of technology sectors, including enterprise solutions. Their involvement indicates confidence in Veem's technological advancements and its potential for significant market impact.
What's next for Veem?
With the infusion of $31M in its latest major strategic investment, Veem is poised for accelerated growth and further development of its payment infrastructure. This significant capital injection, contributing to its overall $94M in financing, suggests a strategic focus on scaling operations, expanding its global reach, and potentially enhancing its technological capabilities. The company's trajectory indicates a strong commitment to innovation within the FinTech space, aiming to solidify its position as a leader in business payment solutions.
See full Veem company page
