HARNESSING THE POWER OF DIGITAL TRANSFORMATION TO ACCELERATE BUSINESS INNOVATION AND GROWTH

VELOCITY IS POWERED BY THE &vest SPAC FRANCHISE

&vest applies entrepreneurial mindset and proven operationally led teams to structure
high-impact transactions that create significant value for our investors.

WHY HOSPITALITY?

  • COVID = black swan disruption
  • Separation of winners and losers
  • Thinned out competition
  • Pent-up consumer demand

Unique opportunity to acquire generational assets that would otherwise not be available

WHY DIGITAL TRANSFORMATION?

  • COVID = acceleration of trends
  • Speed of technological change
  • Speed of business adoption
  • Speed of changing consumer expectations

Opportunity to capitalize on critical sector with unrelenting tailwinds and strong investor demand

MEET VELOCITY

NASDAQ: VELO

OUR MISSION

To harness the power of digital transformation to accelerate business innovation and growth.

The growth in digital enterprise spending has been catalyzed by a convergence of long-term trends, including:

SPEED OF TECHNOLOGY CHANGE

  • Blockchain
  • Machine Learning / AI
  • 5G / 3D Printing / IOT
  • Quantum Computing
  • Robotics

SPEED OF CONSUMER EXPECTATIONS

  • Digital Delivery Services
  • Subscription Services
  • Banking / Payment Services
  • Streaming Entertainment / Gaming
  • Health / Education Services

SPEED OF BUSINESS ADOPTION

  • Data / Analytics
  • eCommerce
  • Supply Chain / Sourcing
  • Cyber Security
  • Cloud Migration

VELOCITY'S INVESTMENT THESIS

We are Strategic Operating Investors focused on merging with a leading company in the digital transformation sector.

INVESTMENT HIGHLIGHTS

1

Deep network of strategic relationships

2

Unparalleled industry expertise to identify winners

3

Extensive operating and M&A experience

4

Proven track record with outstanding results

MASSIVE OPPORTUNITY

ENTERPRISE DIGITAL TRANSFORMATION

Corporate technology spending has increased significantly as data and analytics become essential to driving business value and companies are competing to be at the pinnacle of digital capabilities. As a result, the digital transformation market is forecasted by IDC to expand to $2.5 trillion by 2024, growing 17.6% annually from 2019. 

$2.5T

Digital Transformation Market
Size by 2024

17.6%

Projected CAGR through 2025 on
digital enterprise spending

80%

Of enterprise revenue growth will
depend directly on digital offerings
and operations by 2022

Within the digital transformation market, we believe that digital services, including digital growth consultancies and technology service providers, and digital platforms, including cloud-based software solutions, present the best opportunities for growth.

OPERATOR LED LEADERSHIP TEAM

DOUG JACOB
&vest CO-FOUNDER

&vest’s founder and Chief Executive Officer, Doug Jacob, has built his career commercializing the power of brand: transforming category challengers into cultural icons. Since successfully parlaying his Wall Street-honed finance acumen into investment in EMM Group’s era-defining Tenjune nightclub, Mr. Jacob has championed a future-focused vision of hospitality that would, in short order, come to define his meteoric rise as a brand operator and investor. Expanding Toro, into top-tier and international markets which he exited in 2017; partnering on purpose-driven, technology-pushing fast casual pizza concept, &pizza; and then building the full-service creative agency, JWALK, sold to Shiseido Corporation acquired the business in late 2017. In 2019, Mr. Jacob founded &vest – a hybrid venture fund and brand agency focused on opportunities in lifestyle verticals – where, in just 24 months, he raised and deployed $1.45b across consumer investments in brands such as fitness disrupter Rumble, ghost-kitchen innovator Butler Hospitality, virtual-try-on platform BeautyLabs, &pizza, as well as the hospitality and digital transformation SPACs, FAST and VELOCITY.

KEY HIGHLIGHTS

  • Co-Founder of &Vest with a successful SPAC track record
  • Entrepreneur with a track record of success in hospitality, restaurant, and creative services
  • Founded JWALK, a full-service creative agency, and served as the company’s Chief Creative Officer and CEO prior to selling the business to Shiseido

ADRIAN COVEY
CHIEF EXECUTIVE OFFICER

Our Chief Executive Officer, Adrian Covey, is a highly regarded executive in the digital industry. Most recently, Mr. Covey was the Global Managing Director of Growth & Strategy for Accenture Interactive. During his tenure in this role from 2016 to 2020, Accenture Interactive was named the largest and fastest-growing digital agency in the world five times in a row, scaling its annual revenues to greater than $10 billion. Mr. Covey was responsible for global strategy and directing organic and inorganic investments, including capability and geographic expansions, ventures, and acquisitions. As part of this strategy, Accenture Interactive acquired and integrated over 40 companies globally. Prior to Accenture Interactive, Mr. Covey was the Global Ventures & Acquisitions Lead for Accenture Digital, responsible for strategy and execution across mobility, Internet of Things (“IoT”), marketing, data, and analytics. Prior to that, he held a number of client-facing, financial, and operational roles.

KEY HIGHLIGHTS

  • Global leader at Accenture
  • 40+ digital companies acquired
  • Drove 10x revenue growth

NICK BRIEN
CHIEF STRATEGY OFFICER

Our Chief Strategy Officer, Nick Brien, was most recently the CEO of Dentsu Aegis Network Americas. Prior to joining Dentsu in 2017, Mr. Brien was the President of Hearst Marketing Services and the global CEO of iCrossing from 2014 through 2017, and previously served as the global CEO of McCann Worldgroup, a leading global advertising network, from 2010 to 2012. As CEO of McCann Worldgroup, Mr. Brien headed a multi-disciplinary organization spanning 120 countries and employing 16,000 people. The network is comprised of five high-profile global companies entrusted by many of the world’s largest marketers, including McCann Erickson (the world’s largest advertising agency network); MRM Worldwide (digital marketing/CRM); Momentum (activation/promotion); McCann Healthcare (professional pharma communications); and CRAFT (content production). Mr. Brien had worked previously at The Interpublic Group, as global CEO of IPG Mediabrands and global CEO of UM, one of the industry’s leading media agency networks. Mr. Brien is currently a board director and compensation committee member of Outfront Media, the leading US Out-of-Home company, and serves on the NY Chapter board of the Juvenile Diabetes Research Foundation.

KEY HIGHLIGHTS

  • Until recently, CEO of Dentsu Americas
  • Led global network in 120+ countries
  • 50+ digital companies acquired
  • $6B Revenue overseen

JUDGE GRAHAM
CHIEF DIGITAL OFFICER

Our Chief Digital Officer, Judge Graham, is an action-oriented entrepreneur with a successful track record of growing companies and creating value through acquisitions and divestitures. Companies under his leadership have won numerous high-profile business accolades, including Inc. 5000 and multiple best places to work awards. He has also been featured in media outlets like AdWeek, Ad Age, Forbes, Bloomberg, CNBC, Money and many more. He currently is an active investor, serves on boards and is an acclaimed author. Mr. Graham is a go-to expert on helping businesses identify and capitalize on opportunities to improve revenue and corner markets through integration of cutting-edge technology, corporate culture, marketing and sales. Previously, Mr. Graham served as the Chief Digital Officer of Ansira, the second-largest independently owned customer relationship management (“CRM”) and digital marketing agency in the United States. As an executive member of their core deal team, Mr. Graham was instrumental in selling Ansira to Advent International in 2016. Prior to joining Ansira, Mr. Graham was the Co-Founder and President of Sq1, which he sold to Ansira in 2015.

KEY HIGHLIGHTS

  • Seasoned digital entrepreneur
  • $500M+ value of two exits
  • $1B+ sales generated for clients
  • Acclaimed author and podcaster

GARRETT SCHREIBER
CHIEF FINANCIAL OFFICER

Our Chief Financial Officer and Director, Garrett Schreiber, has spent his career structuring and underwriting transactions and funds in a variety of sectors. In 2012, Mr. Schreiber joined RBC Capital Markets as an investment banking analyst. Upon leaving RBC in 2014, Mr. Schreiber joined as an associate with Enhanced Capital, a portfolio company of Stone Point Capital, where he raised two tax-credit capitalized investment funds and a SBIC fund. While there, Mr. Schreiber worked on fundraising, underwriting, and reporting efforts both to the limited partners and to government regulators. In 2019, Mr. Schreiber helped launch &vest, overseeing all investment, fundraising, and creative agency operations. In 2020, Mr. Schreiber helped launch FAST Acquisition Corp., a hospitality-focused SPAC, where he currently serves as the Chief Financial Officer.

KEY HIGHLIGHTS

  • 10+ discrete funds raised
  • $10B+ in aggregate capital raised and/or invested
  • CFO and Partner of FAST Acquisition Corp
  • Partner at &vest

BOARD OF DIRECTORS

SANJAY CHADDA

Chairman

RAMIN ARANI

Director

CARLA HENDRA

Director

MICHAEL LASTORIA

Director

STEVE KASSIN

Director

ADVISORS

BRETT WILSON

EUGENE REMM

WILLIAM WESLEY

SANJAY LAMBA

AKASH NIGAM

SHIVA VANNAVADA

OMAR ABBOSH

SUMIT MALHOTRA

“Digital transformation will be the biggest growth catalyst in our lifetime and Velocity will lead the charge”

Doug Jacob
Founder &vest

“Digital transformation is not a corporate project, it is about developing a growth mindset and innovating your business with technology. We will continue to see exponential advances in technology, which will continuously evolve consumer expectations for the products and services they buy.”

Adrian Covey
CEO

"We are witnessing fundamental changes in consumer behavior and expectations of products and services brought on by the global pandemic. These changes will represent long-lasting competitive advantage if businesses embrace the transformative power of digital transformation with strategic intent and long-term horizons. Velocity believes digital transformation is the key to growth and, as such, we aim to identify the technology companies most likely to win in the most promising areas of the digital economy."

Nick Brien
Chief Strategy Officer

“With Gen Z starting to populate the workforce, the proliferation of gamification and the work from home movement being the new reality; now more than ever do companies need to figure out a way to deliver a best-in-class digital experience for both customers and employees.”

Judge Graham
Chief Digital Officer

There's no turning back to the way things used to be. COVID is the Cambrian explosion event that has made "being digital" an existential necessity for all companies and consumers. The winners of next decade are going to be the companies that can best create and capture value throughout the value chain from these unrelenting digital tailwinds.

Garrett Schreiber
Chief Financial Officer

INVESTOR RELATIONS

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