- Companies
- Veo
Veo Funding, Investors & Competitors
Veo has raised $111M across 4 funding rounds, most recently a $79M Series C in June 2022.
Last Veo funding round
$79M
Series C · Jun 2022
Cumulative funding Veo raised
$111M
across 4 funding rounds
Key investors in Veo
Seed Capital
Ventech
Courtside Ventures
Chr. Augustinus Fabrikker
PSV
ATP
David Fellah
Henrik Hancke
About Veo
Veo is a Copenhagen-based sports recording platform founded in 2015 that deploys AI-powered cameras to capture, analyze, and share matches for soccer clubs worldwide. The single-lens system covers full pitches up to UEFA regulation size, automatically tracking ball and players to produce highlight reels, statistics like pass completion rates, and live streams. Veo serves over 20,000 teams from amateur youth leagues to professional academies including FC Barcelona's youth setup and MLS Next clubs. The platform offers mobile app editing tools and integrates with Hudl for advanced analytics, enabling coaches to review games instantly without manual filming.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Sectors
Veo Funding History
Veo has raised a total of $111M across 4 funding rounds.
Veo's first fundraising round was a $2M seed round in August 2017. The most recent completed round was a $79M Series C in June 2022.
Veo funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Series C | ATP (lead); Ventech; Courtside Ventures; Chr. Augustinus Fabrikker; Seed Capital | $79M | Veo is a sports technology company providing smart sports tracking cameras with advanced analytics and live streaming capabilities for clubs, leagues, parents, and educational institutions. The funding supports Veo's expansion in the sports tech sector, focusing on AI-powered camera systems for automated game recording and analysis across various sports. Veo positions itself as a versatile platform enhancing accessibility to professional-level footage for amateur and youth sports. The company raised EUR 75,000,000 (~USD 78.6 million) in its Series C round on June 7, 2022, led by ATP, with participation from Chr. Augustinus Fabrikker, Courtside Ventures, Seed Capital, and Ventech. This followed earlier rounds: Seed (EUR 2M in 2017 led by PSV), Series A (USD 6M in 2019 led by Courtside Ventures), and Series B (EUR 20M in January 2021 led by Chr. Augustinus Fabrikker). Total funding across rounds reached USD 103 million as of mid-2022, later updated to USD 113.3 million by May 2025. |
| Jan 2021 | Series B | Chr. Augustinus Fabrikker (lead); Ventech; Courtside Ventures; Seed Capital | $24M | Veo Technologies, a Copenhagen-based startup founded in 2015, develops AI-powered sports cameras and cloud-based services that automatically record, analyze, and highlight team sports like football matches and practices, enabling clubs to access and share video content with minimal human intervention. The company serves 15,000 clubs across 80 countries and employs around 200 people primarily in Copenhagen. In January 2021, Veo raised €20 million (about $24.5-25 million) in a Series B round led by Danish investor Chr. Augustinus Fabrikker, with participation from Courtside Ventures (U.S.), Ventech (France), and SEED Capital (Denmark). Funds were earmarked for U.S. expansion, including a new Miami office, and enhancing technology capabilities. This followed a Series A of $6 million in September 2019 led by Courtside Ventures and a seed round of €2 million in August 2017. Subsequent rounds included a DKK 550 million ($79 million) equity deal in 2022 with similar investors plus ATP, bringing total funding to over $112 million across six rounds by mid-2022. |
| Sep 2019 | Series A | Courtside Ventures (lead); Ventech | $6M | Veo raised $6 million in a Series A round in September 2019 led by Courtside Ventures. The company develops portable automated cameras for sports, targeting youth soccer, MLS teams, coaches, parents, and leagues. The camera sets up in minutes on any field or court to autonomously film games at an affordable price point. Veo had previously raised EUR 2 million in a seed round in August 2017 led by PSV. Subsequent rounds included EUR 20 million Series B in January 2021 and EUR 75 million Series C in June 2022. |
| Aug 2017 | Seed | PSV (lead); Kasper Wedendahl; Per Zachariassen; Henrik Hancke; Seed Capital; David Fellah | $2M | - |
Who has invested in Veo?
10 investors have backed Veo across its funding rounds, including Seed Capital, Ventech, Courtside Ventures, Chr. Augustinus Fabrikker, PSV and ATP.
Lead investors include ATP, Chr. Augustinus Fabrikker, Courtside Ventures and PSV.
Veo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Sep 2019 | ||
| 3 | Lead | Sep 2019 | ||
| 3 | Participant | Aug 2017 | ||
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Lead | Jun 2022 | ||
This data is available for Pro users. Sign up to see all 10 Veo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialVeo Competitors
Veo competitors include listed companies like Liberty Media, TKO, Netflix and Disney, and private ones like Suning Sports and Six Nations Rugby.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.6B | - | ||
| Publicly listed | $4.5B | $1.4B | $23B | 5.9x | ||
| Publicly listed | $4.7B | $1.3B | $14B | 4.2x | ||
| Private | - | - | $3.4B | - | ||
| Publicly listed | $45B | $30B | $314B | 6.4x | ||
| Publicly listed | $94B | $19B | $182B | 2.3x |
Veo Public Comps
Veo is still privately-owned, but its public comps include Netflix, Disney, Warner Bros. Discovery, Universal Music, Liberty Media, Rogers, Warner Music Group, TKO, Paramount Skydance and MSG Sports.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $45B | $30B | 7.1x | 6.4x | 10.6x | 19.8x | |||
| $94B | $19B | 2.4x | 2.3x | 12.3x | 10.3x | |||
| $37B | $21B | 2.7x | 2.8x | 4.8x | 12.0x | |||
| $14B | $3B | 2.5x | 2.4x | 11.9x | 11.5x | |||
| $4.5B | $1.4B | 6.2x | 5.9x | 20.1x | 23.3x | |||
| $16B | $10B | 3.5x | 3.4x | 5.3x | 7.7x | |||
| $6.7B | $1B | 2.9x | 2.6x | 18.6x | 11.0x | |||
| $4.7B | $1.3B | 4.9x | 4.2x | 17.5x | 11.1x | |||
This data is available for Pro users. Sign up to see all Veo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Veo
| When was Veo founded? | Veo was founded in 2015. |
| Where is Veo headquartered? | Veo is headquartered in Copenhagen, Denmark. |
| Is Veo publicly listed? | No, Veo is a private, VC-backed company. |
| How much funding has Veo raised? | Veo has raised $111M across 4 funding rounds. |
| What was Veo's last funding round? | Veo's last funding round was a $79M Series C in June 2022, led by ATP. |
| Who are Veo's investors? | Veo's investors include Ventech, Courtside Ventures, Seed Capital, Chr. Augustinus Fabrikker, Kasper Wedendahl, Per Zachariassen, Henrik Hancke, ATP, PSV and David Fellah. |
| Which companies are comparable to Veo? | Companies comparable to Veo include Suning Sports, Liberty Media, TKO, Six Nations Rugby, Netflix and Disney. |
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