Veo raises $6M in Series A funding

Magnus Holt

September 16, 2019

New investment enables Veo to enter the North American market

Every year, millions of football matches are played worldwide. Almost none of these are recorded, and therefore millions of goals and other unique soccer situations are not recorded - and special moments are missed. Here at Veo, our mission is to solve this problem with a portable and affordable football camera that enables anyone anywhere to record and analyse football matches without the need of a cameraman.

Last month, the company raised six million dollars from American investors Courtside Manager LLC, French investors Ventech Capital V S.L.P. and Danish investors VC Seed Capital. The investment coincides with Veo’s launch on the North American market earlier this summer where 100 pre-ordered cameras were shipped to clubs in the USA and Canada and 100 more are on their way.

'Henrik (CEO of Veo) and the Veo team have harnessed their impressive creativity and entrepreneurial vision to transform how important moments are captured in the sports industry. We are excited to support Veo’s global ambition to share their best in class, AI powered video solution to football teams worldwide,' says Tero Mennander, Partner at Ventech Capital V S.L.P.

Veo was founded in 2015 by CEO Henrik Teisbæk, CTO Jesper Taxbøl, and member of the board Keld Reinicke. After a years long developing period, Veo entered the commercial market in August 2018 and is now available worldwide. 1,000 clubs in 50 countries now use Veo.

'We have an ambition of making video technology a natural part of soccer. In all clubs, on all levels. Not only in the few big clubs who already have the resources to do so and just want an easier solution. But especially for the smaller clubs who haven’t had the opportunity to record their games and goals until now,' says CEO Henrik Teisbæk.

What does the media say ...

Several International and Danish media have covered the funding round.

The investment is covered by TechCrunch here: https://techcrunch.com/2019/09/12/veo-raises-6m-series-a/

Danish media also covered the news on both print and web.

Børsen covered the news on borsen.dk and in their printed newspaper on Friday September 13.

Finans.dk, one of the biggest finance news media in Denmark wrote a large feature about the investment.

And the tech niche media TechSavvy wrote about it here.

Do you represent a media and want to hear more? Contact our Head of PR Adam von Haffner at adam@veo.co.


Want to hear more about what Veo can do for your club? Don’t hesitate on booking a sales call here: Book a sales call.