Veem Overview

  • Founded
  • 2014
Founded
  • Status
  • Private
  • Employees
  • 130
Employees
  • Latest Deal Type
  • Series C1
  • Latest Deal Amount
  • $31M
Latest Deal Amount
  • Investors
  • 43

Veem General Information

Description

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in local currency via a friction-less manner by using the blockchain as a new settlement rail, improve the costly and outdated payment industry by building a new user-focused financial ecosystem that services businesses globally, enabling users to securely pay and get paid from their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

Contact Information

Website
www.veem.com
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
  • 75 Broadway
  • Suite 202
  • San Francisco, CA 94111
  • United States
+1 (877) 000-0000

Veem Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth
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Veem Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC (Series C1) 02-Jul-2021 $31M 000.00 00000 Completed Generating Revenue
5. Early Stage VC 21-Sep-2018 0000 000.00 00000 Completed Generating Revenue
4. Early Stage VC (Series B3) 21-Jul-2017 000 000.00 00000 Completed Generating Revenue
3. Early Stage VC (Series B) 08-Mar-2017 000.00 000.00 000.00 Completed Generating Revenue
2. Early Stage VC (Series A) 17-Nov-2015 $12.5M $12.5M 000.00 Completed Generating Revenue
1. Accelerator/Incubator 30-Oct-2014 Completed Product In Beta Test
To view Veem’s complete valuation and funding history, request access »

Veem Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C1 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Series C2 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 00
Series B5 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 00
Series B4 0,000,000 00.000000 00.00 00.00 00.00 00 00.00 00.000
Series B3 000,000 00.000000 00.00 00.00 00.00 00 00.00 0.000
Series B2 000,000 00.000000 00.00 00.0 00.0 00 00.0 0.000
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 5.99%
Series A1 6,547,566 $0.000100 $0.07 $1.13 $1.13 1x $1.13 14.82%
To view Veem’s complete cap table history, request access »

Veem Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Operator of a global payment network designed to change the legacy financial payment system through innovation. The comp
Financial Software
San Francisco, CA
130 As of 2021
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000000000 00000000
Boston, MA
000 As of 0000
00000
0.000 0000-00-00
00000000 00000

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000000000 00000000
London, United Kingdom
000 As of 0000
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Veem Competitors (105)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Flywire (Financial Software) Formerly VC-backed Boston, MA 000 00000 00000000 00000
00000000 Corporation London, United Kingdom 000
0000 Formerly VC-backed San Francisco, CA 00 000.00 000000&0 000.00
000000 Venture Capital-Backed Des Moines, IA 000 000.00 00000000000 000.00
00000000 0000000 0 Venture Capital-Backed Bangalore, India 000 000.00 00000000000 000.00
You’re viewing 5 of 105 competitors. Get the full list »

Veem Patents

Veem Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20170228727-A1 Conditional payment processing using multi-signature addresses Abandoned 10-Feb-2016 00000000000
US-20170140371-A1 Multiple payment rail gateway and router Abandoned 16-Nov-2015 0000000000 0
US-20170116608-A1 System and method for payment processing using crypto currencies Abandoned 22-Oct-2015 00000000000 0
US-20140128039-A1 System and method for storing and managing voicemails Abandoned 06-Nov-2012 H04M3/53333 0

Veem Executive Team (13)

Name Title Board Seat Contact Info
Marwan Forzley Co-Founder & Chief Executive Officer
Pramod Iyengar Chief Financial Officer
Jay Hansen General Counsel & Chief Compliance Officer
Lisa Dempsey Controller
Olivier Veyrac Vice President of Business Development
You’re viewing 5 of 13 executive team members. Get the full list »

Veem Board Members (2)

Name Representing Role Since
Randy Komisar JD Kleiner Perkins Board Member 000 0000
You’re viewing 1 of 2 board members. Get the full list »

Veem Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Veem Investors (43)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
AB Ventures Corporate Venture Capital Minority 000 0000 000000 0
DASH Ventures Venture Capital Minority 000 0000 000000 0
Golden Vision Capital Family Office Minority 000 0000 000000 0
GrayArch Partners Venture Capital Minority 000 0000 000000 0
MUFG Innovation Partners Corporate Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 43 investors. Get the full list »