Universal Avenue Fuels Velory's Vision: $17M Seed Round Empowers Automated, Secure IT Management from Stockholm

Velory, headquartered in Stockholm, Sweden, is thrilled to announce a remarkable funding milestone with a successful raise of 17,000,000. This significant capital injection underscores investor confidence in Velory’s innovative approach to revolutionizing IT management for companies across industries. With its cutting-edge, automated platform, Velory enables organizations to buy and manage their IT assets in a secure and circular manner, streamlining workflows from the initial purchase to the eventual retirement of IT equipment. The platform's robust IT Lifecycle Management capabilities ensure a seamless process that minimizes downtime and reduces operational inefficiencies, while its focus on employee empowerment means that team members can achieve peak productivity from day one. The funds will primarily be allocated to scaling Velory’s state-of-the-art IT management solutions and further developing its secure, sustainable technologies that not only optimize asset usage but also actively contribute to reducing electronic waste. By enhancing its automation features and incorporating feedback from a growing client base, Velory is well-positioned to meet the evolving demands of modern enterprises. Additionally, a portion of the capital will be invested in expanding the company’s reach in new markets and fortifying its presence in the Nordics and beyond. This strategic investment marks a pivotal moment in Velory’s growth journey, reinforcing its mission to empower businesses with smarter, more efficient IT management solutions that drive both operational success and environmentally responsible practices. The recent funding round not only propels Velory into its next phase of innovation but also sets the stage for transformative advancements in how companies manage and optimize their critical technology resources.