OverviewSuggest Edit

Velocity Black is a company developing a mobile app for booking. It operates as a club and concierge and enables users to join the community, book a restaurant, vacation, sold-out concert or a swim with orca whales. The app leverages live chat, artificial intelligence, and a global mobile payment ecosystem as well as suggests restaurants and clubs to consumers based on recommendations from friends in their social networks.
TypePrivate
Founded2014
HQLondon, GB
Websitevelocity.black
Employee Ratings3.2

Locations

Velocity Black is headquartered in
London, United Kingdom

Location Map

Latest Updates

Employees (est.) (Mar 2021)51(+7%)
Revenue (FY, 2019)£7.8 M(+197%)
Cybersecurity ratingBMore

Key People/Management at Velocity Black

Zia Yusuf

Zia Yusuf

Co-Founder & CEO
Ijaz Akram

Ijaz Akram

CTO
Alex Macdonald

Alex Macdonald

Co-Founder, Chairman & COO
Colleen Knight

Colleen Knight

VP of US Operations
Kevin Karlsgodt

Kevin Karlsgodt

Chief of Staff
Oliver Joyce

Oliver Joyce

Vice President
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Velocity Black Office Locations

Velocity Black has offices in London, Los Angeles and New York
London, GB (HQ)
20 Grosvenor Pl, Belgravia
Los Angeles, CA, US
1645 Vine St APT 1008
New York, NY, US
6 St Johns Ln
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Velocity Black Financials and Metrics

Summary Metrics

Founding Date

2014

Velocity Black total Funding

$39.9 m

Velocity Black latest funding size

$22.50 m

Time since last funding

5 years ago

Velocity Black investors

Velocity Black's latest funding round in August 2016 was reported to be $22.5 m. In total, Velocity Black has raised $39.9 m
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Velocity Black Revenue

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Velocity Black's revenue was reported to be £7.82 m in FY, 2019 which is a 196.9% increase from the previous period.
GBP

Revenue (FY, 2019)

7.8m

Revenue growth (FY, 2018 - FY, 2019), %

196.9%

Gross profit (FY, 2019)

2.7m

Gross profit margin (FY, 2019), %

34.5%

Net income (FY, 2019)

(5.3m)

EBITDA (FY, 2019)

(4.2m)

EBIT (FY, 2019)

(5.7m)

Cash (29-Apr-2019)

585.5k
GBPFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

(83.5k)277.5k2.6m7.8m

Revenue growth, %

(432%)850%197%

Cost of goods sold

108.9k215.2k1.2m5.1m

Gross profit

(192.3k)62.3k1.4m2.7m
GBPFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.1m4.4m1.0m585.5k

Accounts Receivable

65.2k63.6k101.1k169.1k

Prepaid Expenses

62.3k148.2k169.3k168.9k

Inventories

109.0k183.2k149.1k
GBPFY, 2016

Financial Leverage

1.8 x
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Velocity Black Operating Metrics

Velocity Black's Transaction Volume was reported to be £14m in FY, 2018.
Q3, 2015Q3, 2016FY, 2018

Countries

70

Restaurants

400 1.10 k

Transaction Volume

£14 m
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Velocity Black Acquisitions / Subsidiaries

Company NameDateDeal Size
Cover IncMay 19, 2016
UncoverNovember 19, 2015
Tab PaymentsOctober 16, 2015
Leanmobile Limited
Velcity Mobile Canada Inc
Velocity Mobile Inc

Velocity Black Revenue Breakdown

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Velocity Black revenue breakdown by geographic segment: 58.7% from United States of America and 41.3% from United Kingdom

Velocity Black Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Velocity Black Online and Social Media Presence

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Velocity Black Frequently Asked Questions

  • When was Velocity Black founded?

    Velocity Black was founded in 2014.

  • Who are Velocity Black key executives?

    Velocity Black's key executives are Zia Yusuf, Ijaz Akram and Alex Macdonald.

  • How many employees does Velocity Black have?

    Velocity Black has 51 employees.

  • What is Velocity Black revenue?

    Latest Velocity Black annual revenue is £7.8 m.

  • What is Velocity Black revenue per employee?

    Latest Velocity Black revenue per employee is £153.4 k.

  • Who are Velocity Black competitors?

    Competitors of Velocity Black include OpenTable, Presto and Flyt.

  • Where is Velocity Black headquarters?

    Velocity Black headquarters is located at 20 Grosvenor Pl, Belgravia, London.

  • Where are Velocity Black offices?

    Velocity Black has offices in London, Los Angeles and New York.

  • How many offices does Velocity Black have?

    Velocity Black has 3 offices.