Velocity Global, a startup aiming to ease the process of hiring remote and international workers, has raised $400 million in a Series B round.
Ben Wright, founder and chief executive officer at Velocity Global.
Source: Velocity Global
The financing was led by investment firms Norwest Venture Partners and Eldridge Industries LLC, according to a statement provided to Bloomberg News. The round has boosted the company’s valuation seven-fold since the same time last year, Velocity Global said.
Chief Executive Officer Ben Wright said the company has now amassed a multibillion-dollar valuation but declined to comment further on the amount. “What’s most important for us is the capital raise and what we ...
