Overview

Velocity Global helps businesses hire and onboard employees internationally by acting as a global employer of record (EoR). They ensure compliance with local employment laws and provide payroll solutions for accurate and timely payments to international staff. Additionally, they offer benefits and retention services, including medical coverage and retirement plans, as well as flexible office space through Upflex workspaces in over 120 countries. Their goal is to simplify global hiring and HR management for companies of all sizes.

Simplify's Take

What believers are saying

• Remote work adoption boosts demand for Velocity Global's services.
• AI integration in HR enhances Velocity Global's service efficiency.
• Digital nomad visas increase demand for international compliance services.

What critics are saying

• Emerging EOR providers offer similar services at lower costs.
• Rapid tech advancements may outpace Velocity Global's current investments.
• New executive appointments may lead to strategic misalignments.

What makes Velocity Global unique

• Velocity Global offers comprehensive HR solutions in over 185 countries.
• Their International PEO solution accelerates market entry by up to 90%.
• They provide flexible office space solutions in over 120 countries.

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Funding

Total Funding

$486.4M

Above

Industry Average

Funded Over

2 Rounds

$400,000,000

Series B

May 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$100M

$400M

View all funding stages