Velocity Raises $38 Million in Series A Funding
Velocity, a company redefining the global standard for moving capital, has successfully raised $38 million in a Series A funding round. The round was co-led by Dragonfly and FirstMark, with additional participation from notable investors including Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple.
Company Overview
Founded in 2025, Velocity enables seamless and secure fund movement across banks, blockchains, and borders. The platform is powered by stablecoins, offering a seamless integration with traditional banking systems and compliance frameworks. This innovative approach allows corporate users to hold, move, and settle funds efficiently while bridging the gap between digital and traditional financial systems.
Leadership Team
The founding team of Velocity includes Eric Queathem, who serves as both Founder and CEO, and Tom Greenwood, Co-founder and CEO. Their leadership has been instrumental in guiding the company towards its current achievements. While the company is relatively young, its founders are leveraging their deep understanding of the global payments stack to drive innovation in the industry.
Investor Insights
Dragonfly and FirstMark led the funding round, recognizing Velocity's potential to disrupt the global payments infrastructure. Rob Hadick, General Partner at Dragonfly, commented on the investment, noting, "We first met Velocity over a year ago, and it was clear from the beginning they have a uniquely deep understanding of the global payments stack and how it can be disrupted."
Future Plans
While specific plans for the use of the newly raised funds have not been detailed, the investment will likely support Velocity's growth initiatives, potentially including expanding its product offerings and enhancing its market reach. The fresh capital injection will enable Velocity to further solidify its position in the financial technology landscape and drive adoption of its stablecoin-powered treasury and settlement solutions.
For more information on Velocity and its innovative solutions, visit their website.