Velocity is a sponsor group of 2 issuers that PartnerFacts links to one sponsor (shared people, similar issuer names; automatic match from the filings), filing 5 Form D filings between Jan 2018 and Jul 2023.
What this means One team, 2 deal companies, about 5 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.
Combined reported sold: $130.6M to 26 investors (latest filing per issuer). Industries as reported: Insurance (1), "Other" (1). Issuers are based in TN (2).
What this means $130.6M raised across the group, about $5.02M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: Frank Majors (2 issuers, director), Jacob E. Rothfuss (2 issuers, executive officer), Philip Bowie (2 issuers, executive officer and director), Praveen Reddy (2 issuers, executive officer), Adolfo Pena (1 issuer, director) and 12 more.
What this means The person on the most companies is usually the one running the show; their page lists every deal.
Activity: 0 new offerings in the last 12 months; latest filing Jul 12, 2023.
What this means No new raise filed in the past year.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CT, DE, FINRA, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, OK, OR, PA, RI, SC, SD, TN, TX, VT, WA, WI, WV, WY), property records (NYC, FL, IL and TX counties) — 11 court cases matching the name listed in Key records below.
What this means 11 records came back, including 2 court cases still open — open cases can take years and cost money. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 5 public filings for Velocity and found 11 differences, 4 worth asking the sponsor about: Investor count went down between filings; Kristi Jeffers is no longer listed on the Feb 17, 2021 amendment; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.