Velocity raises $22.5M in Series B

What does Velocity do?

Velocity, is the world’s leading discovery and instant booking platform for premium dining experiences. This company is the global leader in disruptive premium hospitality. The company provides insider access to the world’s best hospitality and dining experiences, including a thousand restaurants in New York, London, San Francisco, Los Angeles, Toronto, Miami and more. With this company, quality is a surety, every dining experience is handpicked by local experts, with an eye for exotic, unusual and exceptional. The company’s digital ecosystem makes it easy than before for discovering unique dining experiences, instantly securing hard to get reservations and paying without any delays, all through a single mobile app.

How much Velocity was funded?

The company raised $22.5M in Series B on August 29, 2016 from DIG Investments, Barry Sternlicht and John Paul.

Previous funding

£250k on April 1, 2014 from Alex Macdonald

$1M on December 31, 2014

Undisclosed amount in undisclosed series on June 16, 2015 from Force Over Mass Capital

$12M in Series A on June 29, 2015 from Tom Glocer, Shukri Shammas, Initial Capital, Chrystal Capital, Crystal Stream Capital and Paul Mears

$4M in Series A on September 22, 2015

What is next for Velocity?

Velocity plans to use the latest funding raised for supporting its expansion to 29 cities globally by the year 2020. This latest investment serves as one of the largest ever funding backup for a tech startup in the restaurant industry.

More about Velocity

Velocity was founded in April, 2014 by Alex Macdonald and Zia Yusuf. It has its headquarters in London, England. It also has headquarters in New York, with offices in Miami, Los Angeles and San Francisco. The company has become the leading player in the premium dining space. This is the 1^st mobile app for providing users with a seamless and easy to use platform for discovering, reserving and paying internationally.