Velocity Global, a startup aiming to ease the process of hiring remote and international workers, has raised $400 million in a Series B round.
The financing was led by investment firms Norwest Venture Partners and Eldridge Industries LLC, according to a statement provided to Bloomberg News. The round has boosted the company’s valuation seven-fold since the same time last year, Velocity Global said.
According to Wright, the Denver-based company generated $125 million in revenue last year and is projected to do more than $200 million in 2022.
Read more: BNN Bloomberg
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