Velocity Raises $22.5M in Series B Funding
Summary
Velocity, a London and NYC-based discovery and instant booking platform for premium dining experiences, raised $22.5m in Series B funding.The round was led by DIG Investments with participation from Barry Sternlicht, Founder of Starwood Hotels Group, and John Paul, a large concierge company.Founded by Zia Yusuf and Alex Macdonald in 2014, Velocity provides an iOS and Android app that provides users with a platform to discover, reserve and pay internationally in over 1,100 restaurants, including Michelin-starred classics.The company, which also has offices in Los Angeles, San Francisco and Miami, has acquired Cover, a dining mobile payments app, Tab Payments, a Canada-based mobile payments app serving Toronto and Montreal, and Uncover, a restaurant discovery and mobile reservations app, to offer a fully integrated dining experience.In addition, it has just hired Amanda Terry as Chief Operating Officer.