What is Velocity Consulting?
Founded in 1998 by Santha Wanigasinghe, Laura DiGiovanni, and Douglas Unger, Velocity Consulting is a full-service real estate due diligence consulting firm. The company distinguishes itself through its commitment to speed and accuracy, offering services such as Phase I Environmental Site Assessments (ESAs) and Property Condition Assessments (PCAs) typically within two weeks, and Third-Party Report Reviews within three days. Velocity Consulting's proactive approach involves close collaboration with clients, lenders, and regulatory agencies to mitigate risks and ensure the timely closure of thousands of real estate deals annually. Their reputation is built on delivering precise and actionable technical reports, facilitating smoother transactions for their clientele.
How much funding has Velocity Consulting raised?
Velocity Consulting has raised a total of $488K across 2 funding rounds:
Debt
$150K
Debt
$338K
Debt (2020): $150K with participation from PPP
Debt (2021): $338K led by PPP
What's next for Velocity Consulting?
The recent large-scale, late-stage funding indicates Velocity Consulting is poised for significant growth and potentially market consolidation. This capital infusion is likely to be directed towards enhancing operational capacity, expanding service offerings, and potentially entering new geographic markets. The strategic investment suggests confidence from backers in the company's proven business model and its ability to navigate the complexities of the real estate market, positioning Velocity Consulting for sustained leadership in the due diligence consulting space.
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