Northcap and T-Venture back Veliq

Northcap led the round for the company. The fresh capital will be used by Veliq to further expand the company internationally, as well as finance its global sales activity. Veliq will also use the funding to continue development of its product base, particularly its MobiDM product, which is a mPaaS solution.

Previous funding
In August 2011, T-Venture provided Veliq with early-stage funding. The GP invested in the company via its €50m T-Systems Venture Fund.

Company
Founded in 2006, Veliq is headquartered in Rotterdam with additional offices in Boston and Cologne. The company currently employs 100 staff and states that its yearly growth rate stands at more than 100%.

Veliq develops mPaaS systems. Its main product, MobiDM, is designed to enable an organisation to securely manage a host of smartphones, tablets and mobile apps, as well as provide back-end integration. Veliq has partnered with Sybase to use its mobile device management software, SAP Afaria, for MobiDM.

The company has partnered with a number of telecom companies and system integrators to supply its product to 60 countries. Partners include T-Systems, BT and Vodafone.

People
Alex Bausch is the founder and CEO of Veliq. Kim Wiencken is a partner at Northcap and will join Veliq's board of directors.

Advisers
Company – De Strategie Compagnie (Corporate finance).

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• Topics
• Benelux
• Expansion
• Technology
• Netherlands
• T-Venture