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New Deal


Announced

Completed

A consortium of investors led a $80m funding round in Veo.

Financials

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Transaction Value£63m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Denmark

Acquisition

software

Completed

Private Equity

Single Bidder

Venture Capital

Cross Border

Private

Friendly

Software

Minority

consumer electronics

Synopsis

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A consortium of investors, including Ventech, Seed Capital and ATP Group, led a $80m funding round in Veo, a sports tech company. “Since we launched our first camera three years ago, we have seen a huge demand worldwide. Last year, we tripled our customer base, and recently we rounded up a million recorded matches with Veo, so we have proven that the need exists out there in the sports world. Many of the world's best clubs are customers of Veo today, but our long-term goal is to help clubs of all levels record their matches and training sessions. With this investment round, we can put pressure on those ambitions, and we plan to employ over 200 people over the next two years, ” Henrik Teisbæk Veo CEO and Co-Founder.

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