What is Velostrata?
Velostrata is a technology company focused on providing innovative solutions within its industry. While the provided description is generic and relates to a resort event, the company's funding history suggests a focus on scalable technology development and market expansion. The enterprise-level funding indicates a mature stage of growth, likely aimed at accelerating product development, increasing market penetration, and potentially exploring strategic partnerships or acquisitions.
How much funding has Velostrata raised?
Velostrata has raised a total of $31.5M across 2 funding rounds:
Series A
$14M
Series B
$17.5M
Series A (2015): $14M with participation from Norwest Venture Partners and 83north
Series B (2016): $17.5M led by 83 North, Intel Capital, and Norwest Venture Partners
Key Investors in Velostrata
83 North
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a diverse portfolio with 90 companies and has achieved 33 exits and 14 unicorns since its inception. 83North focuses on supporting innovative startups across various sectors, helping them scale and succeed in the global market.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year.
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
What's next for Velostrata?
With substantial enterprise-level backing, Velostrata is poised for significant expansion. The recent strategic investment signals confidence from its investors in the company's long-term vision and execution capabilities. Future developments are expected to focus on scaling operations, enhancing its technological offerings, and solidifying its market position. This capital will likely fuel further innovation and market outreach, driving the company towards its next phase of growth and potential industry leadership.
See full Velostrata company page
