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§ Private Profile · Chicago, IL, USA
SIM Partners is a technology company.
SIM Partners develops a location-based marketing platform designed to optimize digital engagement and drive local results for large enterprises. Its core offering, the Velocity platform, provides comprehensive local marketing automation technology, enabling brands to manage and enhance their online presence across various local search and discovery channels. This technology focuses on helping multi-location businesses improve their visibility in local searches, engage with nearby customers effectively, and ultimately convert digital interactions into physical store visits and sales.
The company was founded in 2008 by Jon Schepke, who identified a critical market need for enterprise-level brands to effectively connect with local consumers in an increasingly digital landscape. Schepke's insight centered on the challenge multi-location businesses faced in standardizing and optimizing their local digital marketing efforts, from managing business listings and local pages to driving customer reviews and localized content strategies, all at scale.
SIM Partners primarily serves enterprise brands with numerous physical locations, including prominent clients in the healthcare sector through its specialized Velocity Health offering. The company’s long-term vision centers on empowering these brands to master the 'near me' economy by ensuring their local presence is discoverable and compelling across all digital touchpoints. It aims to bridge the gap between online search and offline commerce, continuously enhancing its platform to meet evolving consumer behaviors.
SIM Partners has raised $234.0M across 5 funding rounds.
SIM Partners has raised $234.0M in total across 5 funding rounds.
SIM Partners is a U.S.-based technology company that builds location- and provider-profile management and local marketing software—branded Velocity Health—that helps enterprises (notably healthcare organizations and large national brands) improve search visibility, patient/customer acquisition, and local consumer engagement through a single source of truth for location/provider data and activation tools[1][2].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Sources used: Company and product profiles and client case reporting (SIM Partners / Velocity Health company overview, funding and product descriptions; Allstate case example showing enterprise/local marketing application)[1][2].
SIM Partners has raised $234.0M in total across 5 funding rounds.
SIM Partners's investors include Nick Kaiser, John Kuelper, Akkadian Ventures, August Capital, Bessemer Venture Partners, Heritage Group, Icon Ventures, Industry Ventures, Kleiner Perkins, River City Ventures, Jump Capital, Matt Hermann.
SIM Partners has raised $234.0M across 5 funding rounds. Most recently, it raised $150.0M Reputation - Other Equity in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 25, 2022 | $150M Venture Round | Nick Kaiser | — | Announced |
| Aug 20, 2019 | $30M Venture Round | John Kuelper | Akkadian Ventures, August Capital, Bessemer Venture Partners, Heritage Group, Icon Ventures, Industry Ventures, Kleiner Perkins, River City Ventures | Announced |
| Jan 1, 2017 | $5M Series B | Jump Capital | Matt Hermann, August Capital, Bessemer Venture Partners, Focus Ventures, Icon Ventures, Kleiner Perkins | Announced |
| Jun 1, 2014 | $8M Series A | Jump Capital | — | Announced |
| Jul 19, 2011 | $41M Series D | Howard Hartenbaum | Bessemer Venture Partners, Floodgate, Jafco Ventures, Kleiner Perkins | Announced |