Velocity

Velocity is the world’s leading international digital hospitality service, connecting guests with frictionless, rewarding experiences at outstanding restaurant and nightlife destinations. Velocity partners with the world’s best venues and empowers them to attract, delight, and retain high-value global customers. The service enables diners to leverage an international dining profile wherever they go, rewarding them for their global hospitality engagement through the power of mobile payments. Having acquired Cover, Tab Payments and Uncover, Velocity harnesses best-in-class discovery, reservations, mobile payment, loyalty and CRM technology to deliver more value than ever to our venue partners, while enriching the lives of our customers. Following a $16m Series A round and boasting over 800 of the world's finest restaurants - including 70 Michelin stars - in London, New York, San Francisco, Los Angeles, Miami, Toronto and Montreal, Velocity is now positioned as the global leader in digital hospitality technology. Velocity is hiring and will launch in multiple hospitality capitals across North America, Europe and Asia over the coming 12 months.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2014
Size (employees)
60 (est)+8%
Velocity was founded in 2014 and is headquartered in London, GB

Velocity Office Locations

Velocity has offices in London, New York, Los Angeles, Miami Beach and in 1 other location
London, GB (HQ)
25 Sackville St
San Francisco, US
1263 Howard St
Miami Beach, US
Lincoln Building 350 Lincoln Rd
Los Angeles, US
7083 Hollywood Blvd
New York, US
110 Greene St

Velocity Data and Metrics

Summary Metrics

Founding Date

2014

Total Funding

$17.4 m

Latest funding size

$4 m

Time since last funding

about 2 years

Investors

Velocity's latest funding round in September 2015 was reported to be $4 m. In total, Velocity has raised $17.4 m

Velocity Financial Metrics

GBP

Cash (30-Apr-2016)

935.3 k
GBPFY, 2015FY, 2016

Cash

68.4 k935.3 k

Accounts Receivable

87.7 k3 m

Current Assets

156.1 k3.9 m

PP&E

11.2 k5.6 m
Y, 2016

Financial Leverage

1.3 x
Show all financial metrics

Traffic Overview of Velocity

Velocity Online and Social Media Presence

Velocity News and Updates

Jeff Bezos outlines his methods for “high-velocity decision-making”

Amazon CEO Jeff Bezos wants his $430 billion publicly traded company to behave with the urgency of the startup it once was. To make sure…

Terminal Velocity of Snowflakes review – an exquisite, adorable debut

Live theatre, NewcastleFirst-time writer Nina Berry’s deftly original and intelligent two-hander about Christmas wishes and quantum mechanics displays astonishing confidencePantomime season can sometimes cause the more delicate offerings to be overlooked; and this year’s most exquisite little gift i…

The cloud hit escape velocity in 2016, powering an SaaS buy-up

GUEST: GE’s recent acquisition of ServiceMax, a cloud-based field service solutions provider, marked the first billion-dollar SaaS (software as a service) acquisition by a company outside the traditional software business. The move not only underscores the growing importance of SaaS and digital to c…

Velocity raises $22.5M Series B to build ‘Uber for Experiences’

 Digital hospitality platform Velocity announced this week that, following its $16 million Series A last year, the company raised $22.5 million led by DIG Investments. The company creates curated dining experiences for time-poor diners looking to expand their horizons. The money will be invested in …

Velocity raises $22.5M to expand its fine dining booking app to 29 cities

Velocity, a short-notice premium restaurant booking app, has raised $22.5 million in a Series B round led by DIG Investments, with participation from Starwood Hotels founder Barry Sternlicht and concierge giant John Paul. Founded out of London in 2014, with dual headquarters now in the U.K. and New …

London restaurant app Velocity lands millions more

A restaurant app founded in London which lets diners pay their bill with their phone has landed millions of pounds in new funding. With some of London's top eateries on board such as Hix, Sketch and Gymkhana, as well others in New York and Los Angeles among other cities,  Velocity has bagged £17m…

Velocity Company Life and Culture

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