Veo Technologies ApS Due Diligence
Run due diligence on Veo Technologies ApS: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Independent (Denmark) · veo.co · 45 vendors
Veo develops AI-powered sports cameras that automatically record, analyze, and livestream matches for teams of all levels. Their flagship products include the Veo Cam 3 and Veo Go systems that use artificial intelligence to follow the action and provide post-match analysis tools.
Resilience scores
- Digital Sovereignty: 13
- Digital Resilience: 8
- Financial Resilience: 6
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Insights
Last updated 2026-09-13 · revision 6
45 direct vendors, 333 subvendors
Direct vendors by controlling owner country (sample)
- Sweden: 1
- Japan: 1
- Norway: 1
Subvendors by controlling owner country (sample)
- Australia: 2
- Russia: 1
- Netherlands: 6
Compliance
3 in-scope frameworks identified; showing 3.
GDPR (source) — No public evidence
Veo Technologies is headquartered in Denmark (EU) and processes personal data through sports video recordings, user accounts, and analytics.
SOC 2 (source) — No public evidence
As a SaaS provider processing customer video and analytics data, SOC2 is a standard industry expectation for security assurance.
ISO 27001 (source) — No public evidence
Relevant for any technology company managing information security for cloud-based services and personal data.
Financials
Three-year financials
- 2025: revenue DKK 594M, EBIT DKK 3.49M, equity DKK 215M
- 2024: revenue DKK 505M, EBIT DKK -41.5M, equity DKK 207M
- 2023: revenue DKK 381M, EBIT DKK -172M, equity DKK 249M
Financial Resilience Score: 6/10
Veo Technologies ApS demonstrates high growth but continues to operate at a loss, which is typical for venture-backed sports technology scale-ups. In 2024, the company significantly improved its operating performance, reducing its EBIT loss from -178.6M DKK to -46.7M DKK, a 73.9% improvement. Revenue grew by 30.1%, reflecting strong market demand for its AI-powered camera systems. Despite these gains, the company's equity ratio remains under pressure, dropping to 35.6% in 2024, and it has a high bankruptcy risk score of 4.97% according to credit analysis reports. However, the company's resilience is supported by substantial venture capital backing, including an $80 million Series C round led by ATP in 2022. This capital provides a necessary buffer while the company scales its operations and shifts toward a higher-margin SaaS subscription model. The quick ratio of 1.5x indicates adequate short-term liquidity, suggesting that while profitability is still elusive, the company is well-positioned to meet its immediate obligations and continue investing in its international expansion, particularly in the U.S. market.
Key strengths: Robust revenue growth (30%+ year-over-year), Significant narrowing of operating losses (EBIT), Strong venture capital backing ($115M total), Market leadership in AI-powered amateur sports recording
Risk factors: Negative net earnings and continued operational losses, High dependency on capital injections for expansion, Decreasing equity ratio and low solidity, Competition from established sports video analysis firms
Revenue by geography
- United States: 45%
- Europe: 35%
- Other: 10%
- United Kingdom: 10%
Revenue by product/service
- Subscription Services (SaaS): 55%
- Hardware Sales (Veo Cam): 40%
- Add-on Services (Live Streaming/Analytics): 5%
Workforce by country
- Denmark: 283
- United States: 8
- Germany: 7
- Other: 5
- United Kingdom: 5
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