Whereas the assorted applied sciences and methods at play in most organizations make issues simpler, they may also be fairly overwhelming. That’s particularly so when these methods should be linked seamlessly to get issues completed in an environment friendly method and maintain issues working easily. Velosimo seems to unravel the issue for presidency businesses with its integration platform as a service (IPaaS) answer, which helps join numerous methods reliably and shortly. Take a look at the next press launch for extra on Velosimo and its plans for this spherical of funding.
Velosimo, the subsequent technology of presidency know-how integration that permits authorities businesses to fulfill residents’ expectations of recent and uninterrupted digital providers, introduced it has secured an $11 million Sequence A funding led by Macquarie Capital Principal Finance, with participation from Valor Fairness Companions. This funding will allow the corporate to speed up gross sales and broaden its best-in-class integration platform. Funding comes on the heels of the corporate’s exceptional progress since launching in 2018.
“At Velosimo, we consider our on-line experiences with authorities businesses ought to be as simple as with retail suppliers,” mentioned Kris Trujillo, Founder and CEO of Velosimo. “Damaged integration between authorities software program platforms has hindered businesses in offering this degree of on-line buyer expertise. Velosimo solves this problem for businesses. We’re thrilled to have reached this milestone. Partnering with Macquarie Capital and Valor will enable us to shortly scale our gross sales and product groups to fulfill the rising demand for our platform.”
Velosimo’s imaginative and prescient is to remodel our digital engagements with authorities by revolutionizing methods integration. Conventional system integrations are unworkable and too advanced for many businesses. Seeing this want, Kris Trujillo based Velosimo and launched the business’s first integration platform for presidency. In contrast to different integration platforms, Velosimo targets authorities and has a staff of business veterans and a groundbreaking platform with self-healing transactions and no-code connectors uniquely constructed for presidency. These differentiators have led to over 70 state and native authorities prospects, together with San Diego, CA, El Paso, TX, Washington DC, and the State of California, and strategic partnerships with main authorities software program firms corresponding to Accela, Cityworks, Cartegraph, and Laserfiche.
“We’re excited to companion with Velosimo, as they construct the preeminent IPaaS answer for the federal government sector,” mentioned Larry Handen, Senior Managing Director at Macquarie Capital. “Authorities businesses are in search of quick and environment friendly technique of interconnecting their methods. They need these options to be self-managing and future-proof. Velosimo’s answer and staff are uniquely positioned to ship on this demand.”
Earlier than this elevate, early angel buyers included business leaders Maury Blackman, former CEO of Accela and present CEO of Premise Knowledge; Daniel Kim, former Accela board member and investor, and present companion at HKW; and Stephen Davis, managing companion at Banneker Companions.
Macquarie Capital Principal Finance’s funding in Velosimo represents its sixth funding in authorities know-how firms for the reason that starting of 2019.
Learn our weblog publish (https://www.velosimo.com/newsroom/funding) for extra data.
About Velosimo
Velosimo offers cloud-native, off-the-shelf know-how connectors explicitly constructed for presidency and the distinct eventualities of inner-system use by workers and residents, with connector administration and deep perception into all linked methods transactions on the Velosimo Join Integration Platform as a Service (iPaaS). Velosimo additionally offers a revolutionary, low-code setting for fast customized connector improvement by Authorities Know-how Firms, System Integrators, and authorities businesses. The Velosimo Market showcases the burgeoning assortment of shortly enabled, ready-made, licensed connectors from Velosimo and their companions.
Authorities businesses are turning to Velosimo as their transfer in the direction of on-line, touchless service drives the necessity for predictable methods interoperability and trendy, uninterrupted person experiences.
About Macquarie Capital
Macquarie Capital is the advisory, capital markets, and principal funding arm of Macquarie Group. It encompasses company advisory, a full spectrum of capital options, together with capital elevating providers from fairness, debt, and personal capital markets and principal investments from Macquarie’s steadiness sheet. Macquarie Capital has deep sector experience within the aerospace, power, protection and authorities providers, shopper, gaming and leisure, monetary establishments, healthcare, industrials, infrastructure, sources, software program and providers, know-how, telecommunications, and media sectors. Macquarie Capital Principal Finance, the financing and principal investing arm of Macquarie Capital makes investments from Macquarie’s steadiness sheet and offers versatile main financing and secondary market investing options for company and industrial actual property purchasers throughout North America, Europe, and Australasia.
The unique press launch might be discovered on PR Newswire.
Spencer Hulse is an editor at Grit Each day Information. He covers affiliate, viral, and advertising and marketing information.
