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2ndary - Private LATEST DEAL TYPE

Provider of next generation platform for business to business payments designed to change the legacy financial payment system through innovation. The company's business to business payment platform send and receive payments in local currency via a friction-less manner by using the blockchain as a new settlement rail, improve the costly and outdated payments industry by building a new user-focused financial ecosystem that services businesses globally, enabling users to quickly and securely pay and get paid from their business partners all over the world.

Formerly Known As
Align Commerce
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
50 Osgood Place
Suite 220
San Francisco, CA 94133
United States

+1 (877) 000-0000
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Veem Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Secondary Transaction - Private 000.00 Completed Generating Revenue
4. Early Stage VC (Series B) 08-Mar-2017 000.00 000.00 00000 Completed Generating Revenue
3. Early Stage VC (Series A) 17-Nov-2015 000.00 000.00 000.00 Completed Startup
2. Seed Round 29-Apr-2015 $1.5M Completed Startup
1. Accelerator/Incubator 30-Oct-2014 Completed Product In Beta Test
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Veem Cap Table

Stock # of Shares
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
% Owned
Series B2 000,000 00.000000 00.00 00.0 00.0 00 00.0 00
Series B1 0,000,000 00.000000 00.00 00.0 00.0 00 00.0 00.000
Series A2 2,644,453 $0.000100 $0.14 $2.27 $2.27 1x $2.27 8.19%
Series A1 6,547,566 $0.000100 $0.07 $1.13 $1.13 1x $1.13 20.29%
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Veem Investors (25)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
GV Corporate Venture Capital Minority 000 0000 000000 0
National Australian Bank Ventures Corporate Venture Capital Minority 000 0000 000000 0
SBI Investment Venture Capital Minority 000 0000 000000 0
Trend Forward Capital Corporate Venture Capital 000 0000 000000 0
Alec Petro Angel (individual) Minority 000 0000 000000 0
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Veem Executive Team (10)

Name Title Board
Marwan Forzley Co-Founder & Chief Executive Officer
Aldo Carrascoso Co-Founder, Chief Technology Officer & Chief Operating Officer
Jay Hansen Chief Council & Compliance Officer
Frederick Crosby Chief Revenue & Marketing Officer
Lisa Dempsey Controller

1 Former Executive

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Veem Board Members (2)

Name Representing Role Since Contact
Melissa Widner National Australia Bank Board Member 000 0000
Randy Komisar JD Kleiner Perkins Caufield & Byers Board Member 000 0000
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