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Velvet provides liquidity to employees and investors holding shares in late-stage private technology companies.
Founded in 2021, Velvet, formerly Velvt, operates a platform that buys holdings in private technology companies to provide liquidity to employees and angel investors. In February 2022, it raised USD 200 million in venture funding led by Yolo Investments. The company planned a marketplace to resell acquired stakes to wealth managers in emerging markets.
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