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Velocity Global Nabs Multibillion Value With $400 Million Raise

  • Norwest and Eldridge lead latest round of investments
  • Startup helps firms with life cycle of hiring remote workers

Velocity Global, a startup aiming to ease the process of hiring remote and international workers, has raised $400 million in a Series B round.

The financing was led by investment firms Norwest Venture Partners and Eldridge Industries LLC, according to a statement provided to Bloomberg News. The round has boosted the company’s valuation seven-fold since the same time last year, Velocity Global said.