What is Veem?
Founded in 2014 and headquartered in San Francisco, California, Veem operates a global payments network designed to empower businesses and financial professionals with enhanced control over their payment processes. The company's platform facilitates seamless international transactions, addressing the complexities often associated with cross-border financial operations. Veem's strategic positioning in the fintech landscape is further solidified by its consistent access to substantial capital, enabling it to scale its operations and technological capabilities.
How much funding has Veem raised?
Veem has raised a total of $94M across 5 funding rounds:
Other Financing Round
$1.5M
Series A
$12.5M
Series B
$24M
Unspecified
$25M
Other Financing Round
$31M
Other Financing Round (2015): $1.5M with participation from Pantera Capital
Series A (2015): $12.5M led by Digital Currency Group, Pantera Capital, Fenway Summer Ventures, and Kleiner Perkins
Series B (2017): $24M supported by Kleiner Perkins Caufield Byers, Google Ventures, and Silicon Valley Bank
Unspecified (2018): $25M featuring GV, Extol Capital, Pantera Capital, Kleiner Perkins Caufield & Byers, Trend Forward Capital Management, Goldman Sachs, and Silicon Valley Bank
Other Financing Round (2020): $31M backed by Goldman Sachs, Truist Ventures, MUFG Innovation Partners Co., Kleiner Perkins, Silicon Valley Bank, Paper Excellence, AB Ventures, and Google Ventures
Key Investors in Veem
Pantera Capital
Pantera Capital is a blockchain-focused investment firm that backs founders and digital asset networks, combining venture and hedge strategies to give investors broad exposure to cryptocurrencies, token projects and companies shaping future financial infrastructure.
Kleiner Perkins
Kleiner Perkins is a Menlo Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
Google Ventures
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally with presence across North America, Europe, Asia, and South America, providing financial backing to promising startups and growth-stage businesses. The firm maintains a diverse investment portfolio spanning technology, healthcare, and various other industries.
What's next for Veem?
With the infusion of $94M in total investment and a recent strategic capital injection, Veem is poised for accelerated growth. This significant backing suggests a strong investor confidence in the company's business model and its potential to disrupt traditional payment systems. The company is likely to focus on expanding its network reach, enhancing its platform's features, and potentially exploring new market segments. Strategic partnerships and technological advancements will be key drivers as Veem continues its trajectory in the competitive fintech industry.
See full Veem company page
