Velocity raises Series A funding of USD 20 million from a club of investors

Spice Route Legal advised revenue based financing wunderkind Velocity on its Series A fund raise of USD 20 million, from a club of investors including Peter Thiel-backed Valar Investments and Presight Capital.

Velocity is a fintech company that provides revenue-based financing to rapidly growing sectors such as e-commerce start-ups, and other new age businesses. Their mission is to provide fast, efficient and flexible financing options, as an alternative to existing funding avenues of venture capital and venture debt.

The team that advised on the deal included Mathew Chacko, Shreya Ellentala, Harsh Kumra and Divya Upreti.