Velosimo Raises $11M Series A Led by Macquarie Capital Principal Finance to Transform Government Integrations
Velosimo’s vision is to transform our virtual engagements with government by revolutionizing systems integration. Traditional system integrations are impractical and too complex for most agencies. Seeing this need, Kris Trujillo founded Velosimo and launched the industry’s first integration platform for government. Unlike other integration platforms, Velosimo targets the government and has a team of industry veterans and a revolutionary platform with self-healing transactions and code-free connectors specially designed for the government. These differentiators have led to more than 70 state and local government customers, including San Diego, California, El Paso, TX, washington d.c.and the state of californiaand strategic partnerships with leading government software vendors such as Accela, Cityworks, Cartegraph and Laserfiche.
“We are thrilled to partner with Velosimo as they are building the preeminent IPaaS solution for the government sector,” said Larry Handen, Senior Managing Director at Macquarie Capital. “Government agencies are looking for fast and efficient ways to interconnect their systems. They want these solutions to be self-managed and future-proof. Velosimo’s solution and team are ideally positioned to meet this demand.”
Prior to this increase, early angel investors included industry leaders Maury Blackmanformer CEO of Accela and current CEO of Premise Data; Daniel Kim, former Accela board member and investor, and current partner at HKW; and Stephen Davismanaging partner at Banneker Partners.
Macquarie Capital Principal Finance’s investment in Velosimo represents its sixth investment in government technology companies since the start of 2019.
Velosimo provides out-of-the-box, cloud-native technology connectors explicitly designed for government and distinct internal system use scenarios for staff and citizens, with connector management and deep insight into all transactions of connected systems on the Velosimo Connect integration platform as a service (iPaaS). Velosimo also provides a revolutionary low-code environment for the rapid development of custom connectors by government technology companies, system integrators and government agencies. The Velosimo market presents the growing collection of rapidly activated, ready-to-use and certified connectors from Velosimo and its partners.
Government agencies turn to Velosimo as their evolution to a contactless online service drives the need for predictable system interoperability and modern, uninterrupted user experiences.
About Macquarie Capital
Capital Macquarie is the primary advisory, capital markets and investment arm of Macquarie Group. It encompasses corporate advisory, a full range of capital solutions, including capital-raising services from equity, debt and private capital markets and major investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in aerospace, energy, defense and government services, consumer, gaming and leisure, financial institutions, healthcare, industrials , infrastructure, resources, software and services, technology, telecommunications and media. Macquarie Capital Principal Finance, the principal finance and investment arm of Macquarie Capital makes investments from Macquarie’s balance sheet and provides flexible primary finance and secondary market investment solutions for corporate and commercial real estate clients through North America, Europeand Australasia.
Media Contact: [email protected]