Velocity Stablecoin Rails Dilution & Round Modeler

Post-Money Valuation

$200.0M

Effective Pre: $190.0M

Cumulative Capital Raised

$48.0M

Extension: $10.0M

Cumulative Dilution

24.0%

Founders & Pool: 76.0%

Extension Syndicate Stake

5.00%

Ripple, Circle & Visa

Projected Rail Revenue

$10.00M

Vol: $12.5B @ 8 bps

1. Round Dynamics & Valuation

Post-Money Valuation ($M) $200M

Prior Capital Before Extension ($M) $38.0M

Current Extension Round ($M) $10.0M

2. Strategic Syndicate Allocation ($M) Total: $10.0M

Ripple (@Ripple) $3.5M

Circle (@Circle) $3.5M

Visa (@Visa) $3.0M

3. Payment Rail Throughput Projection

Annual Payment Volume ($B) $12.5B

Infrastructure Take Rate (basis points) 8 bps (0.08%)

Pro Forma Cap Table Ownership At $200M Post-Money

Shareholder Group	Invested ($M)	Ownership %	Implied Value

Ownership Allocation

Dilution Sensitivity Curve

Venture Deal Structure: Velocity added $10.0M from strategic infrastructure leaders (Ripple, Circle, Visa), bringing cumulative funding to $48.0M on a $200.0M post-money valuation. Effective pre-money is $190.0M. At $12.5B annual stablecoin payment settlement volume with an 8 bps take rate, Velocity generates $10.0M in run-rate payment infrastructure revenue (trading at ~20.0x P/ARR).