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FT Partners Advises Velocity Global on its $400,000,000 Series B Financing

Overview of Transaction

  • On May 18, 2022, Velocity Global announced that it had raised $400 million of capital in its Series B equity financing, led by Eldridge and Norwest Venture Partners
  • This raise comes with a 7x increase in valuation over the past year
  • Headquartered in Denver, CO, Velocity Global is the leading provider of global talent solutions with their Global Work PlatformTM seamlessly connecting employers and talent worldwide
  • Profitable since its founding in 2014, Velocity Global more than doubled its client roster over the past year, tripled the number of new supported talent on its platform, and will reach an annual net revenue run rate of $200 million by midyear as it continues to scale rapidly

Significance of Transaction

  • There is an unprecedented paradigm shift in the way employers and talent interact, with the Future of Work trending toward an increasingly remote, global and flexible workforce
  • Velocity Global will use the proceeds to continue enhancing the customer experience and scale strategic investments in technology, sales and marketing to execute on its vision to provide a frictionless solution for businesses and talent

FT Partners' Role

  • FT Partners served as the exclusive financial and strategic advisor to Velocity Global
  • This transaction highlights FT Partners’ deep domain expertise across a wide range of FinTech verticals, as well as its successful track record generating highly favorable outcomes for high-growth companies