Veem Overview
- Year Founded
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2014
- Status
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Private
- Employees
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108
- Latest Deal Type
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2ndary - Private
- Investors
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44
Veem General Information
Description
Operator of a global payment network intended to transform the financial payment system. 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in local currency via a friction-less manner by using the blockchain as a new settlement rail, improving the costly and outdated payment industry by building a new user-focused financial ecosystem that services businesses globally, enabling users to securely pay and get paid from their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.comCorporate Office
- 1160 Battery Street
- Suite 100
- San Francisco, CA 94111
- United States
Corporate Office
- 1160 Battery Street
- Suite 100
- San Francisco, CA 94111
- United States
Veem Timeline
Veem Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 10. Secondary Transaction - Private | 03-Feb-2023 | Completed | Generating Revenue | |||
| 9. Mezzanine | 31-Mar-2022 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series C) | 02-Jul-2021 | Completed | Generating Revenue | |||
| 7. Early Stage VC | 21-Sep-2018 | Completed | Generating Revenue | |||
| 6. Early Stage VC (Series B3) | 21-Jul-2017 | Completed | Generating Revenue | |||
| 5. Early Stage VC (Series B) | 08-Mar-2017 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 17-Nov-2015 | Completed | Generating Revenue | |||
| 3. Seed Round | 29-Apr-2015 | Completed | Product In Beta Test | |||
| 2. Accelerator/Incubator | 30-Oct-2014 | $1.3M | Completed | Product In Beta Test | ||
| 1. Seed Round | 01-Jul-2014 | $1.3M | $1.3M | Completed | Startup |
Veem Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C1 | ||||||||
| Series C2 | ||||||||
| Series B5 | ||||||||
| Series B4 | ||||||||
| Series B3 | ||||||||
| Series B2 | ||||||||
| Series B1 | ||||||||
| 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% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Veem Comparisons
Industry
Financing
Details
Veem Competitors (117)
One of Veem’s 117 competitors is Stripe, a Venture Capital-Backed company based in South San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Stripe | Venture Capital-Backed | South San Francisco, CA | ||||
| Taulia | Formerly VC-backed | San Francisco, CA | ||||
| Velo (Financial Software) | Venture Capital-Backed | Sausalito, CA | ||||
| Almond Fintech | Venture Capital-Backed | Boston, MA | ||||
| Dwolla | Venture Capital-Backed | Des Moines, IA |
Veem Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
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 | Inactive | 10-Feb-2016 | ||
| US-20170140371-A1 | Multiple payment rail gateway and router | Inactive | 16-Nov-2015 | ||
| US-20170116608-A1 | System and method for payment processing using crypto currencies | Inactive | 22-Oct-2015 | ||
| US-20140128039-A1 | System and method for storing and managing voicemails | Inactive | 06-Nov-2012 | H04M3/53333 |
Veem Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Veem Investors (44)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Hercules Capital | Lender/Debt Provider | Minority | ||
| AB Ventures | Corporate Venture Capital | Minority | ||
| DASH Ventures | Venture Capital | Minority | ||
| Golden Vision Capital | Family Office | Minority | ||
| GrayArch Partners | Venture Capital | Minority |
Veem FAQs
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When was Veem founded?
Veem was founded in 2014.
-
Where is Veem headquartered?
Veem is headquartered in San Francisco, CA.
-
What is the size of Veem?
Veem has 108 total employees.
-
What industry is Veem in?
Veem’s primary industry is Financial Software.
-
Is Veem a private or public company?
Veem is a Private company.
-
What is Veem’s current revenue?
The current revenue for Veem is .
-
How much funding has Veem raised over time?
Veem has raised $134M.
-
Who are Veem’s investors?
Hercules Capital, AB Ventures, DASH Ventures, Golden Vision Capital, and GrayArch Partners are 5 of 44 investors who have invested in Veem.
-
Who are Veem’s competitors?
Stripe, Taulia, Velo (Financial Software), Almond Fintech, and Dwolla are some of the 117 competitors of Veem.
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