Velocity Global CEO Ben Wright will also raise funds through the World Marathon Challenge
Denver, January 18, 2023 –
Velocity Global and FT Partners announce a transformational gift to First Descents to further impact their work and provide life-changing outdoor adventures for adults affected by serious illness. The two companies pledged to allocate $1 million from the closing recently series B transaction.
“When Steve approached me with the idea of making a significant donation to charity, I knew we had chosen the right partner in FT Partners. Not only did their team quarterback raised incredible capital, but their interest in using our respective platforms for good in the world is a testament to their integrity. I am extremely grateful to Steve McLaughlin and the entire FT Partners organization and honored to run the World Marathon Challenge at name of this amazing organization,” said Ben Wright, Founder and CEO of Velocity Global.
“Advising Ben and the global Velocity team, I discovered Ben’s passion for the mission of First Descents, and the decision to partner with this gift became a no-brainer. Thoughtful philanthropy is a key part of who we are at FT Partners, and I feel lucky that Ben introduced us to First Descents given the immense compassion they have for those less fortunate,” said Steve McLaughlin, Founder and CEO of FT Partners.
The $1 million unrestricted contribution is intended to pave the way for future programs, activations and outreach activities for First Descents and the communities they serve. In 2023, First Descents will administer over 45 week-long programs nationwide, including whitewater kayaking, rock climbing and surfing. The organization partners with more than 500 hospitals, clinics and patient advocacy groups to reach young adults (ages 18-39) struggling with cancer and multiple sclerosis.
To further amplify funds and awareness for First Descents, Velocity Global Founder Ben Wright is hosting the World Marathon Challenge, a physical and logistical challenge that involves running 7 marathons on 7 continents in 7 days. The event begins in Antarctica on January 31 and continues in Cape Town, South Africa, Perth, Australia, Dubai, United Arab Emirates, Madrid, Spain and Fortaleza, Brazil, before ending in Miami on February 6. Ben is looking to raise $183,000 to advance First Descents programming, which is $1,000 for every one-mile run.
“This gift of leadership and Ben’s stewardship of the World Marathon Challenge combine to dramatically elevate our ability to serve,” said Ryan O’Donoghue, CEO of First Descents. “With over 100,000 young adults diagnosed with cancer and MS each year, the need to expand free psychosocial support care is great. This support will enable First Descents to overcome constraints to reach more patients, enabling thousands more to discover the healing power of adventure.
ABOUT VELOCITY GLOBAL
Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience by combining cloud-based technology and unparalleled human support in over 185 countries. Start hiring across borders at VelocityGlobal.com.
ABOUT FT PARTNERS
Financial Technology Partners (“FT Partners”) is the only investment bank focused exclusively on providing leading strategic and financial advisory services to FinTech CEOs, Founders and Investors. The firm offers CEOs and investors a wide range of strategic advisory services in critical transactions, including Private Capital, M&A, IPO Advisory, Debt Advisory, LBO and Recapitalizations. With offices in San Francisco, New York and London, FT Partners is made up of a team of experienced investment bankers formerly in the financial technology, M&A and investment banking groups of Goldman Sachs, Citi, JP Morgan and Morgan Stanley. FT Partners regularly publishes in-depth research reports, deal profiles and CEO interviews highlighting key trends driving market activity in the FinTech landscape. follow us on Twitterlog on LinkedInand visit our Research page for more real-time updates. Visit www.ftpartners.com for more information.
ABOUT FIRST DESCENTS
First Descents (FD) is a leader in adventure-based healing. Through outdoor adventure, community building and lifestyle development, FD improves the long-term survival and quality of life for young adults affected by cancer and other serious health conditions. Based in Denver, First Descents has served more than 10,000 participants over the past 20 years. Starting in 2020, First Descents launched programs for healthcare workers on the frontlines of COVID-19. All services are fully responsive and free. A Platinum-rated nonprofit by Guidestar, First Descents has been recognized on CNN Heroes and Outside Magazine’s Best Workplaces.
ABOUT THE WORLD MARATHON CHALLENGE
The World Marathon Challenge is a logistical and physical challenge consisting of running seven marathons on seven continents in seven days. Competitors must cover the standard marathon distance of 42.2 km in Antarctica, Africa, Australia, Asia, Europe, South America and North America in 168 hours or 7 days. The clock starts at the start of the first marathon in Antarctica. Visit www.worldmarathonchallenge.com to learn more.
RESOURCES: Ben Wright World Marathon Challenge Page (link)
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