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Veem
company
About
Veem is a payment service provider that helps simplify the way businesses send and receive funds.
- San Francisco,California,United States
- 101 - 250
- http://www.veem.com
Details
- Last Funding Type
- Series C
- Industries
- Bitcoin,Blockchain,Financial Services,FinTech,Payments
- Founded date
- Feb 1, 2014
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Veem Inc.
- Also Known As
- Align Commerce
Veem is a payment service provider that helps simplify the way businesses send and receive funds.It offers a platform that enables small businesses to send and receive payments in local currency. Using blockchain as a payment rail, the company eliminates the need for intermediary banks, reducing costs for small- and medium-sized businesses. It converts the sender’s funds into bitcoin, selling the digital currency at an exchange for the desired currency of the recipient.Aldo Carrascoso and Marwan Forzley co-founded the company in 2014 and is headquartered in San Francisco, California.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
10
$100.25M
Veem has raised a total of
$100.25M
in funding over 2 rounds. Their latest funding was raised on
Sep 16, 2020 from a Series Unknown round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 16, 2020 | Series Unknown | $31M | 11 |
Truist
|
— | Detail |
| Jul 31, 2020 | Series C | — | 1 | — | — | Detail |
| Sep 26, 2018 | Series Unknown | $25M | 7 |
Goldman Sachs
|
— | Detail |
| Aug 14, 2018 | Series B | — | 27 | — | — | Detail |
| Nov 11, 2017 | Series Unknown | — | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
5
37
Veem is funded by 37 investors.
Truist
and AB Ventures LP
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Truist
|
Yes | Series Unknown |
AB Ventures LP
|
— | Series Unknown |
|
Goldman Sachs
|
— | Series Unknown |
GV
|
— | Series Unknown |
Kleiner Perkins
|
— | Series Unknown |
MUFG Innovation Partners
|
— | Series Unknown |
|
|
— | Series Unknown |
NAB Ventures
|
— | Series Unknown |
Paper Excellence
|
— | Series Unknown |
Silicon Valley Bank
|
— | Series Unknown |
Employee Profiles
Number of Employee Profiles
14
Veem has 14 current employee profiles, including
Employee Philippe Suchet
Employee
Executive
Board member
Board member
Executive
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