Velvet Technologies, LLC
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Velvet Technologies, LLC - overview
Established
2021
Location
Wilmington, DE, US
Primary Industry
Financial Services
About
Based in Florida, US, and founded in 2021, Velvet formerly known as Velvt operates as a start-up buying platform. Edouard de Montmort and Carlos Naupari are the co-founders of the company. In February 2022, Velvet raised USD 200 million in venture funding led by new investor Yolo Investments. The company offers a venture capital liquidity platform for late-stage tech companies to provide liquidity to their early employees and angel investors.
It purchases holdings in promising, privately held firms, allowing partners and employees to cash out before the company goes public. The company plans to use the venture funds received in February 2022 to make 40 deals in the next 12 months, with 20 in Latin America, 10 in India, eight in Southeast Asia, and five in Africa. It also plans to launch a marketplace to resell acquired stakes to wealth managers operating in emerging markets.
Current Investors
Yolo Investments
Primary Industry
Financial Services
Sub Industries
Private Equity, e-Financial
Website
www.velvet.io
Verticals
Research (Non-Medical)
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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