Ve is a developer of advertising and site engagement tools that helps e-commerce, SMEs and travel industries to acquire and engage their customers.

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Ve Revenue, Funding, Number of Employees, Competitors and Acquisitions

VE CEO

Morten Pedersen Tonnesen

CEO

Morten Pedersen Tonnesen

Approval Rating: 87/100

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Founded:

2009

Headquarters:

LondoEngland

Status:

Private

Industry Sector:

IT Services

Data Processing Services

Completeness:

100%

KEY STATS

Revenue

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What is Ve's revenue?

<1M

Employees

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How many people work at Ve?

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TOP COMPETITORS

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Ve was founded in 2009 and its headquarters is located in Londo, England, GB. Ve has $20.9M in revenue and 561 employees. Ve's top competitors are RichRelevance, Criteo and Nosto.

Ve Competitive Set

COMPANYLEADERSHIPCEO SCORE

EMPLOYEES
(ESTIMATED IF PRIVATE)

TOTAL FUNDING

REVENUE
(ESTIMATED IF PRIVATE)

LIKELY OUTCOME
VeVe ceo

Morten Pedersen Tonnesen

CEO

87/100
1RichRelevance ceoRichRelevance

Carl Theobald

President & CEO

75/100110$81.8M$16.5M
2Criteo ceoCriteo

Eric Eichmann

CEO

69/1002,500$313.9M$2.5B
3Nosto ceoNosto

Matti Ronkko

CEO

47$25.3M$1.8M
4Bounce Exchange ceoBounce Exchange

Ryan Urban

Co-Founder & CEO

58/100130$7.6M$8.8M
5UpSellit ceoUpSellit

Tom Kogler

Co-Founder & CEO

56/10046
$2.8M
6cloud.IQ ceocloud.IQ

James Critchley

Co-Founder & CEO

86/10045$10.1M$3.8M
7Barilliance ceoBarilliance

Ido Ariel

Founder

82/10015
$2.6M
8Yieldify ceoYieldify

Jay Radia

Co-Founder & CEO

75/100145$18.7M$2.5M

Ve Revenue History

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Ve Employee History

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Ve Leadership

NAMETITLESOCIAL MEDIA
Morten Pedersen Tonnesen
Morten Pedersen Tonnesen

CEO

CEO

Ve Acquisitions

COMPANY ACQUIRED ACQUISITION DATEAMOUNTDESCRIPTION
Crave & LambCrave & LambDec 20163.8MCrave & Lamb is a marketing agency that provides social media buying and video on demand services.
OptomatonOptomatonSep 20165.7MOptomaton is a digital advertising firm that offers delivery optimization and campaign management services for publishers, advertisers and agencies.
GDM DigitalGDM DigitalNov 201412MGDM Digital provides data management, re-targeting and advertising services.
Qunb, Inc.Qunb, Inc.Nov 2014undisclosedQunb provides cloud-based data visualization services.
undefinedFeb 2011undisclosed

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Ve has acquired 5 companies.Ve's latest acquisition was Crave & Lamb in Dec 2016. Crave & Lamb is a marketing agency that provides social media buying and video on demand services.

Ve Funding History

Since Ve was founded in 2009, it has participated in 1 round of funding. In total Ve has raised $19.9M. Ve's funding round was on Sep 2017 for a total of $19.9M

ROUNDFUNDING DATE AMOUNTINVESTORS
EquitySep 2017$19.9M

Total: $

Ve News

Ve: Concha plc : Further update re Ve Interactive Limited3:29 PM: (CHA) Further update re Ve Interactive LimitedFE Investegate
Ve posted a video "Digital Assistant" on YOUTUBEVe Youtube Channel
Ve: NetEnt Ve Global joint venture signs Mr Green to media buying services partnershipA joint venture operated by NetEnt and Ve Global (Ve) has announced that Mr Green will join to the companies' online gaming media buying programmeGambling Insider
Ve: Michelle Mone has joined the board of a tech startupBusiness supremo Baroness Michelle Mone has joined the board of resurrected startup Ve Global.The entrepreneur known for her Ultimo bra brand will join the tech startup which was last year rescued from administration as a non-executive director"With my relationships in the retail world, I see the true value of their data, which not only drives online sales but fundamentally transforms the customer journey online through greater personalisation and targeting," said Mone.Read more: Ve Interactive boss talks reviving a failed "unicorn" startupVe chief executive Morten Tonnesen said: "The expertise they bring will be of huge benefit to Ve and will be integral to consolidating our strong position in the market while also developing an even better service to our clients."Once "unicorn valued" startup Ve Interactive fell into administration but parts were rescued in a management buyout and resurrected into Ve Global. The advertising technology startup is now gunning for profitability.City A.M.
Ve: Ve Interactive boss talks reviving a failed "unicorn" startupThe new boss of a UK startup that once claimed to be worth more than $1bn, but had to be rescued from administration, has spoken out for the first time about its turnaround and said it will soon turn a profit less than six months on from being on the brink of collapse.Morten Tonnesen was appointed as chief executive of advertising technology firm Ve Interactive - now renamed Ve Global - by a group of shareholders who pushed out its disgraced founder and led a management buyout after creditors pushed it close to bankruptcy in April."We're moving into a phase of stability," Tonnesen told City A.M., with sales of its software that helps turn internet browsers into buyers up 20 per cent year-on-year in August. He forecasts that will increase to 50 per cent for the year and that it will be turning a profit for the first time in at least four years by November.Read more: Unicorn startup turned phoenix VE Interactive is back with fresh £15m fundsTonnesen, a former head of marketing and customer experience at Pokerstars, also revealed it had not lost any major client, despite the high-profile reports of founder and former boss David Brown burning through investor cash and bringing the startup to its knees.The turnaround has involved bringing discipline across the business, almost halving its cost base, reducing its cash burn rate, simplifying what he describes as having been a "complicated" organisational structure and unclear roles and responsibilities. A regime or corporate governance that will make due diligence clear for any potential investor has also been introduced.Belt tightening has included some redundancies and a move to a "smarter" work space at the White Collar Factory on Old Street roundabout, where space can be taken more flexibly. And Tonnesen is keen to point out he will travel economy class on a visit to its business in Brazil.Tonnesen will now focus on landing more "tier one" clients - large and publicly listed firms - as well as creating an easy to use self-service platform aimed at smaller clients - and making more money from both. He is also planning on targeting media agencies as big brands look to sign off large Christmas advertising campaigns in the next two months.Read more: Techxit? UK is the exit capital of Europe for tech startupsTapping into seven years worth of customer data, Tonnesen is confident Ve can still land a valuable slice of the multi-billion pound digital advertising industry dominated by Facebook and Google. "It would be very hard starting with nothing," he said."The untapped holy grail, in my opinion is the data, which the previous regime spent a lot of time talking about but didn't manage to utilise. They managed to capture a lot of it, but unfortunately it wasn't brought to bare in terms of generating revenue." he said."We have not reached anywhere near our potential."City A.M.
Press coverage of Ve more than tripled over the last week, reaching six mentionsVe made the news six times in the past week, including articles in tech_eu, techEU and newstral. This is about six times more than the usual press coverage the company receives. Its top competitor, Yieldify, didn't receive any mentions and neither did close competitor UpSellit.
Ve: Unicorn startup turned phoenix VE Interactive is back with fresh £15m fundsVe Interactive, the former tech "unicorn" that fell into administration before being rescued in a management buyout, has raised fresh cash as it seeks a return to form.The advertising technology company which once claimed it was worth more than $1bn has raised £15m from its existing investors who bought it out, understood to include the Scottish property mogul Douglas Barrowman."This funding represents a significant milestone in Ve's journey and allows the business to enhance, develop and deliver more consumer-first technologies that inspire our client's customers throughout their online journey," said chief executive Morten Tonnesn.Read more: Techxit? UK is the exit capital of Europe for tech startupsVe fell into administration earlier this year after failing to raise more cash to keep it going. It ran into cash flow issues in late 2016 and Barrowman and web entrepreneur Mark Pearson along with other shareholders pushed out founder David Brown before creditors forced a pre-pack administration. Brown has been criticised for the company's lavish spending under his management.The startup has now also relaunched itself as Ve Global to signal the completion of its turnaround and is moving into new offices at Old Street's new White Collar factory 500The fresh cash will go toward hiring staff, which currently numbers around 500, the majority of whom are in the UK, and expansion. It plans to enter China and India and will also focus on the US.City A.M.
Ve: Ve Group secures £15m investment to expand businessVe Global has announced a secure £15m investment which will be used to strengthen its worldwide business. The company, which specialises in technology and offers online advertising and onsite engagement solutions to increase sales, will use the funds to continue to develop its consumer-first solutions and enhance its technology. This investment will...Read moreBdaily
Ve: London adtech company Ve Global raises £15 millionLondon-based advertising technology firm Ve Global has announced a new funding round of £15 million from its existing investors.newstral
Ve received $19.8M in Equity Fundingtech_eu

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Ve Website History

Screengrabs of how the Ve site has evloved. (Click to expand)

Ve website history

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Nov 2016

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Aug 2016

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May 2016

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Oct 2015

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Jul 2015

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Mar 2015

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Sep 2014

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Jun 2014

Owler has collected 13 screenshots of Ve's website since Jun 2014. The latest Ve website design screenshot was captured in Nov 2017.

Ve Headquarters

undefined company logo

WeWork, 1 Fore Street

Londo, England EC2Y 9DT

44-20-3137-5730

Driving Directions

google map

Ve Summary Information

Ve is a developer of advertising and site engagement tools that helps e-commerce, SMEs and travel industries to acquire and engage their customers. Ve was founded in 2009. Ve's headquarters is located in Londo, England, GB EC2Y 9DT. It has raised 19.9M in 1 round. The latest round was in Sep 2017. Ve's CEO, Morten Pedersen Tonnesen, currently has an approval rating of 87%. Ve has an estimated 561 employees and an estimated annual revenue of 20.9M.

Ve's CEO, Morten Pedersen Tonnesen, currently has an approval rating of 87%. Ve's primary competitors are  RichRelevance Criteo Nosto.

Visit the Ve website to learn more.