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Announced

Completed

Insight Partners led a $17m Series A funding round in Velocity.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Acquisition

Private Equity

Cross Border

Minority

Venture Capital

Software

delivery

Israel

Completed

Private

Friendly

Synopsis

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Insight Partners, a venture capital and private equity firm, led a $17m Series A funding round in Velocity, a startup that accelerates the way developers build and deliver products, with participation from Hetz Ventures, Greycroft, Danny Grander, Nadir Izrael, Yevgeny Dibrov, Dan Fougerr, Prashanth Chandrasekar, Elik Eizenberg, Abhinav Asthana, and Ben Bernstein. "Developers care about being productive and independent, and companies want to deliver quality products. With Velocity's innovative, cutting-edge solution for spinning up production-like environments quickly, everyone wins. We at Insight are thrilled to welcome Velocity to our portfolio and look forward to joining the fantastic team on the company's ScaleUp journey," Lonne Jaffe, Insight Partners Managing Director.

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