Tech Company Financing Transactions
Veloce Media Group Funding Round
On 7/7/2023, Veloce Media Group landed $50 million in financing from Gem Digital.
Transaction Overview
Company Name
Announced On
7/7/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Gem Digital (Lead Investor)
Proceeds Purpose
This is a very exciting transaction. It comes very soon after the announcement of VEXT and our plans to evolve our media and sports group into this truly innovative space; validating Veloce's position as a pioneer in the industry. The GEM commitment will allow us to focus on growth and expansion, through acquisition of more gaming and real-life racing properties, ultimately giving our vast community further VEXT utility and influence.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
58a Bronsart Road
London, England, SW6 6AA
UK
London, England, SW6 6AA
UK
Phone
Undisclosed
Website
Email Address
Overview
Veloce is a leading racing, gaming and lifestyle media platform. The Veloce Group encompasses Veloce Esports, an elite esports brand, operator and platform, Veloce Racing, a pioneering Extreme E team, as well as joint venture esports businesses, Quadrant (McLaren F1 Driver Lando Norris' esports and content team) and Team Pacquiao (legendary boxer Manny Pacquiao's esports team focused on competition and charity within southeast Asia). Beyond its own competitive teams, Veloce Esports operates teams for Mercedes, Alfa Romeo, McLaren and the Abu Dhabi government.
Management Team
Title
Name
Email & Social
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