Tech Company Financing Transactions
Vitesse Funding Round
Vitesse closed a $93 million Series C financing round on 5/21/2024. Investors included KKR and Hannover Digital Investments.
Transaction Overview
Company Name
Announced On
5/21/2024
Transaction Type
Venture Equity
Amount
$93,000,000
Round
Series C
Investors
KKR (Lead Investor) (Patrick Devine)
Proceeds Purpose
The company intends to use the funds for product development, enhancement of connectivity across the insurance value chain, and expansion efforts into the US.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
9th Floor, 107 Cheapside
London, EC2V 6DN
UK
London, EC2V 6DN
UK
Phone
Undisclosed
Website
Email Address
Overview
Vitesse was established in 2014 to fix the opaque, costly and outdated payments process. The management team had previously changed the face of local collections with Envoy Services (acquired by Worldpay in 2011) and had a clear vision of what was needed based on a collective payments experience of over 100 years.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Phillip McGriskin
Browse more venture capital transactions:
Prev: 5/21/2024: Expressable venture capital transaction
Next: 5/21/2024: Limula venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on every notable VC transaction. All VC database entries reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs