Velosimo, a Herriman, Utah-based next generation of government technology integration that enables government agencies to meet citizens' expectations of modern and uninterrupted digital services, announced that it secured an $11 million Series A investment.
The round was led by Macquarie Capital Principal Finance, with participation from Valor Equity Partners.
This funding will enable the company to accelerate sales and expand its best-in-class integration platform. Funding comes on the heels of the company's remarkable growth since launching in 2018.
Company: Velosimo, Inc.
Raised: $11.0M
Round: Series A
Funding Month: July 2022
Lead Investors: Macquarie Capital Principal Finance
Additional Investors: Valor Equity Partners
Company Website: https://www.velosimo.com/
Software Category: Integration Platform as a Service (iPaaS)
About the Company: Velosimo provides cloud-native, off-the-shelf technology connectors explicitly built for government and the distinct scenarios of inner-system use by staff and citizens, with connector management and deep insight into all connected systems transactions on the Velosimo Connect Integration Platform as a Service (iPaaS). Velosimo also provides a revolutionary, low-code environment for rapid custom connector development by Government Technology Companies, System Integrators, and government agencies. The Velosimo Marketplace showcases the burgeoning collection of quickly enabled, ready-made, certified connectors from Velosimo and their partners. Velosimo's vision is to transform our virtual engagements with the government by revolutionizing systems integration.
Source: https://www.prnewswire.com/news-releases/velosimo-raises-11-million-series-a-led-by-macquarie-capital-principal-finance-to-transform-government-integrations-301590565.html