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velocityvc.com

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Investments

33

Portfolio Exits

4

Funds

4

About Velocity Venture Capital

Velocity is an investment & advisory firm that aligns seed & early stage technology companies with the strategic innovation goals of our corporate partners to catalyze success for each.

Velocity Venture Capital Headquarter Location

909 Mormon Street

Folsom, California, 95630,

United States

888-292-4748

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Latest Velocity Venture Capital News

Investors urge startup founders to ’be scrappy’ to get off the ground

Dec 8, 2014

Sign Up to receive Sacramento Business Journal's Morning Edition and Afternoon Edition newsletters and breaking news alerts. Sign Up Investors urge startup founders to 'be scrappy' to get off the ground Dec 8, 2014, 6:02am PST Send this to a friend Email address of friend (insert comma between multiple addresses): Your email address: Enlarge Photo Mark Anderson | Sacramento Business Journal At demo day for startups going through Velocity Venture Capital's bootcamp, Bing Gu pitched his company, California Sunlight, which developed an inflatable solar cooker. It folds up to fit into a pocket. It has third world, recreational and military applications. With Gu is Rick Noss, adviser to the company. Email  |  Twitter  |  LinkedIn  |  Google+ Angel investors — not venture capitalists — are the best source of capital for startups these days, a panel of investors told a room full of entrepreneurs Friday. They were gathered for Demo Day, when startup company founders make their final polished pitches to investors. The event follows a 10-week Entrepreneurs Showcase bootcamp for startups put on by Velocity Venture Capital . For years, venture capital firms is where startup entrepreneurs looked for money. But venture investors are now looking for more advanced companies — so the startup money is more often coming from angel investors. "Angel investors are the foundation base for startups," Hernando Guzman , fund manager with Latin Idea Ventures in Mexico City. He also counseled companies to work with ideas even without money. Rather than concentrating just on getting money, entrepreneurs should start the business so they have something to show investors, Guzman said. "You have to be scrappy," said Jack Crawford , general partner of Velocity Venture Capital. He's also an angel investor. Entrepreneurs always believe that all they need is capital to make the company successful, but they also need direction, mentors and customers, Crawford said. Those are things that angel investors can bring to startups. A company can get startup funding by assembling networks of angel investors, and those kinds of groups are growing around the country, said Jeff Harbach , executive director of the Central Texas Angel Network in Austin and a member of the Kauffman Fellows, an entrepreneurship organization. Angels represent a democratization of funding, said Carrie Walsh , managing director of Silicon Valley Bank's accelerator program. Because angel investors are spread out, it's not so important for the company to be based in Silicon Valley. Page 1

Velocity Venture Capital Investments

33 Investments

Velocity Venture Capital has made 33 investments. Their latest investment was in 280First as part of their Seed on December 12, 2015.

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Velocity Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/31/2015

Seed

280First

Yes

1

6/30/2015

Seed

Apeiron Data Systems

Yes

1

6/30/2015

Seed

New Wallet

Yes

1

10/4/2012

Biz Plan Competition

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$99M

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10

1/1/2012

Grant

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$99M

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10

Date

12/31/2015

6/30/2015

6/30/2015

10/4/2012

1/1/2012

Round

Seed

Seed

Seed

Biz Plan Competition

Grant

Company

280First

Apeiron Data Systems

New Wallet

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Velocity Venture Capital Portfolio Exits

4 Portfolio Exits

Velocity Venture Capital has 4 portfolio exits. Their latest portfolio exit was North on June 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/30/2020

Acquired

$99M

34

10/14/2014

Management Buyout

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$99M

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10

11/30/2012

Acquired

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$99M

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10

6/24/2011

Acquired

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$99M

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0

Date

6/30/2020

10/14/2014

11/30/2012

6/24/2011

Exit

Acquired

Management Buyout

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Subscribe to see more

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Sources

34

10

10

0

Velocity Venture Capital Fund History

4 Fund Histories

Velocity Venture Capital has 4 funds, including Velocity VC Partners III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/30/2008

Velocity VC Partners III

Early-Stage Venture Capital

Closed

$8M

1

12/31/2007

Velocity VC Partners II

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$99M

10

12/31/2005

Velocity VC Partners I

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$99M

10

Velocity Venture Capital II

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10

Closing Date

6/30/2008

12/31/2007

12/31/2005

Fund

Velocity VC Partners III

Velocity VC Partners II

Velocity VC Partners I

Velocity Venture Capital II

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$8M

$99M

$99M

Sources

1

10

10

10

Velocity Venture Capital Team

5 Team Members

Velocity Venture Capital has 5 team members, including current General Partner, Jack Crawford.

Name

Work History

Title

Status

Jack Crawford

Oracle, PwC, and Wavepoint Ventures

General Partner

Current

Monty Montgomery

Techfarm Ventures

Chief Financial Officer

Former

Farid Dibachi

General Partner

Former

Jacob Jorgensen

General Partner

Former

Henry Montgomery

Wavepoint Ventures

General Partner

Former

Name

Jack Crawford

Monty Montgomery

Farid Dibachi

Jacob Jorgensen

Henry Montgomery

Work History

Oracle, PwC, and Wavepoint Ventures

Techfarm Ventures

Wavepoint Ventures

Title

General Partner

Chief Financial Officer

General Partner

General Partner

General Partner

Status

Current

Former

Former

Former

Former

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