Press Release

Velocity Global Raises $400 Million Series B

June 1, 2022

Denver – June 1, 2022 – Cooley advised Velocity Global, a leading provider of global talent solutions, on its $400 million Series B financing round. With the fundraise, the company has achieved a multibillion-dollar valuation – a seven-fold increase since this time last year. Partners Laura Medina and Mike Nelson led the Cooley team advising Velocity Global.

Velocity Global plans to use the funds to continue enhancing the customer experience for businesses and talent. The company will make further strategic investments in technology, sales and marketing, as well as potential future acquisitions to execute its vision to provide a frictionless solution for businesses and talent to work with “anyone, anywhere, anyhow.”

“This is a pivotal moment for our company in the midst of a paradigm shift for employers and talent,” Ben Wright, CEO and founder of Velocity Global, said in a press release. “Access to work is no longer limited by borders or the star you are born under as the adoption of global talent accelerates.”

Cooley previously advised Velocity Global on its Series A financing round, as well as its acquisitions of iWorkGlobal and Shield GEO.

Founded in 2014, Velocity Global strives to accelerate the future of work. The company’s Global Work Platform simplifies the employer and talent experience through its proprietary cloud-based talent management technology, which is backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions to help companies onboard, manage and pay talent in all 50 US states and more than 185 countries. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations.

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