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Velocity Financial Group Hires Krajewski as National Sales Manager
The Web site for the Monitor includes a news story describing the addition of Daniel J. Krajewski as national sales manager for Velocity Financial Group. Frank Cirone, Velocity's chief executive officer said, "We are delighted that someone with Dan's tenure in the industry and strong leadership skills will be joining our management team."
7/28/2008
The Leasing Monitor
Velocity, TriplePoint Provide $12.5 Million in Financing to SchoolNet
The Web site for the Monitor includes a news story describing how Velocity Financial Group and TriplePoint Capital, along with the New York City Investment Fund, have provided $12.5 million in financing to SchoolNet, Inc., a provider of data-driven decision making for K-12 school districts. Jan Haas, president and co-founder of Velocity Financial Group said, "We are pleased to support SchoolNet's efforts with a facility that complements the company's strong team and growth trajectory."
5/5/2008
The Leasing Monitor
VCs, Lenders Keep Close Eye On Venture Debt Markets
Jonathan Matsey, a reporter with VentureWire, speaks with Velocity Financial President Jan Haas about the state of the venture debt market and how companies are still looking for lenders to provide non-dilutive cash. "What I am finding is that there is a propensity that if companies are thinking of getting venture debt, to get it now," Haas says. Haas also noted: "It's unlikely that any new venture debt firms will be formed in this market." VentureWire is the industry's premier daily source of news and information about private capital, venture-backed companies, and the people who manage and finance them.
3/26/2008
VentureWire
Velocity Portfolio Company Acquired by Telecom Firm
Velocity Financial Group's announcement that its inaugural portfolio client, a provider of converged conferencing technologies, was recently acquired by a global telecommunications provider was covered in the Monitor. Jan Haas, Velocity's president and co-founder said, "We derive a great deal of satisfaction when a portfolio company of ours achieves success for its employees and stakeholders, especially so early in our own development."
11/14/2007
The Leasing Monitor
Authoria lands 5th VC round
This online resource for corporate and financial dealmakers includes mention of Velocity Financial Group's contribution to the $22.5 million raised by human resources software provider Authoria Inc. to support a hosted platform for specialized products for recruitment, succession planning, compensation and other talent management functions.
9/28/2007
The Deal.com
Authoria's recent moves may open up an exit
A story in this business journal covering New England technology notes Velocity Financial Group's venture capital investment in human resources software maker Authoria Inc. and predicts that the move may foreshadow an initial public offering, merger or acquisition. Jan Haas, president and co-founder of Velocity Financial Group Inc., said Wall Street favors revenue predictability for companies planning a "next event."
9/28/2007
Mass High Tech
American Capital Invests $125 Million in Velocity Financial
American Capital Strategies announced that it has invested $125 million in Velocity Financial Group, a recently formed specialty finance company that will provide equipment financing and working capital to middle market and venture-backed companies. "Velocity Financial Group is positioned to become a key provider of equipment leasing to middle market companies and of venture finance for small, venture-backed companies," said Bob Grunewald, American Capital managing director, Financial Services Group.
5/21/2007
The Leasing Monitor
American Capital Invests in New Company
An Associated Press story notes that American Capital Strategies Ltd. has invested $125 million in Velocity Financial Group Inc., a newly formed equipment-leasing financing firm for medium-sized companies.
5/21/2007
Forbes
Internet 'bubble' survivors hopeful - Venture capitalists, after losing millions on the classes of 1999 and 2000, try to cash out
A Dow Jones News Service story by Russell Garland, picked up by several publications including the San Jose Mercury News, discusses how venture investors are seeing signs of positive growth. The story describes how a number of companies that were financed in the tech "bubble" years of 1999 and 2000 are going public. The "bubble" companies, as well as some initially financed after 2000, are creating a wave of excitement among venture investors and investment bankers, who see a steady flow of IPO candidates this year and next into a receptive market. Velocity Financial executive Jan Haas offers his take on the current environment: "I think greed is returning and fear is subsiding," he said.
5/10/2007
Dow Jones News Service
Velocity Financial Group Launches with $400 Million of Capital to Serve Middle-Market and Venture-Backed Companies
Equipment Leasing & Finance Association's Web site features a news story on the launch of Velocity Financial. The story describes how Velocity will finance core technology assets for companies through leases and loans and supply venture-backed companies with expansion capital that is complementary to traditional bank and equity financing.
5/3/07
Equipment Leasing & Finance Association (ELFA)
Comdisco Alumni Regroup for Velocity
The Chicago Daily Herald included a news item describing the launch of Chicago-based Velocity Financial, noting that the firm had already secured $400 million in financing led by Bethesda, Md.-based American Capital Strategies. The story mentions that the company was formed by former Comdisco executives Frank Cirone and Jan Haas.
5/2/2007
Chicago Daily Herald
Former Comdisco Execs Launch New Venture
Russell Garland, a reporter with VentureWire, speaks with Velocity Financial President Jan Haas about the launch of the company and its backing by American Capital Strategies. Garland notes that venture lending has grown in the last two years with several new companies being formed. Haas says Velocity will offer leasing and venture debt to every stage of the venture market from start-ups to pre-IPO companies. "We're stage agnostic and pretty much sector agnostic," Haas says. "There's an appropriate structure for just about every company and every stage of growth."
5/2/2007
VentureWire
Ex-Comdisco Execs Start Tech Financing Firm Here
Velocity Financial chief executive Frank Cirone speaks with Chicago Sun-Times reporter Howard Wolinksy about the launch of the company. Cirone said Velocity's main focus is on middle-market companies with revenues of about $20 million to $1 billion that need to upgrade equipment, such as severs, desktop computers, phone switches and point of service sales devices. Story also features a quote from Bob Grunewald, head of financial services at American Capital, Velocity's main financial backer.
5/2/2007
Chicago Sun-Times
Ex-Comdisco Execs Launch New Specialty Finance Company
The Web site for the Monitor, the most widely read publication in the equipment leasing and finance industry, includes a news story on the launch of Velocity Financial. The story describes how the company will be led by veterans of technology finance, Frank Cirone and Jan Haas, and includes quotes from both executives explaining the company's vision for long term sustainability and success.
5/1/07
The Leasing Monitor
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