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Veloce - Undisclosed
Overview
Funding Date
July 9, 2023
Financing amount
$50M
Valuation
--
Catagory
About Veloce - Undisclosed
Following the announcement of Veloce Media Group’s evolution to Web3, with the launch of its new blockchain utility and governance token, VEXT, it was today announced that GEM Digital Ltd will invest up to $50 million, through a structured token subscription agreement, into the organisation.
The investment comes through a "structured token subscription agreement", which basically means that GEM Digital will invest up to $50 million in VEXT, so that the platform can use this to deliver its expanding products and services. With sustainability and equality firmly at the core of what Veloce is trying to achieve, the group hopes that this large injection of funds will enable it to realize its goals.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Bahamas | -- | 11 | -- |
Founders & Team
Rupert Svendsen-Cook
Company Profile / Project Introduction
Founded in 2018, Veloce is a multi-pillared gaming and sports media group operating across some of the most innovative, fast-growing, and future-focused sectors in the UK.
Headquartered in London, the Veloce brand comprises of the industry-leading gaming and racing platform, Veloce Esports, and race-winning outfit, Veloce Racing, currently competing in the renowned Extreme E championship.
As the world’s largest digital racing media network, Veloce has so far attracted over 35 million subscribers and nearly one billion monthly views with a focus on esports, gaming, purpose-driven motorsport, and Web3.
Veloce is partnered with a number of high-profile teams from across the globe, running multiple gaming and esports team operations, including Mercedes AMG, Ferrari, and Yas Heat. Well established JV sub-brands, including Lando Norris’ gaming and lifestyle brand Quadrant, make up another key aspect of Veloce’s vast global network.