VEED.IO Secures $35M Series A Funding from Sequoia Capital

VEED.IO, a fast-growing profitable bootstrapped company, raised $35 million in Series A funding from Sequoia Capital.

Despite being already profitable with millions in subscription revenue and a strong remote team, VEED.IO raised capital to seize the opportunity to scale faster.

The company felt raising funds would allow them to meet user demand for more features, including more collaborative and security features, without being overworked and under-resourced.

Technical challenges and the need for significant resources to support millions of users warranted the decision to raise capital for faster and better product development.

Founders valued the partnership with Sequoia Capital, appreciating their approach in backing the company and providing introductions to industry CEOs.