# Cobugs.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cobugs-io

- Industry: Software
- Headquarters: Barcelona, Spain
- Website: www.cobugs.io
- Total disclosed funding: $0.8M
- Latest round: Seed (Feb 1, 2019)
- Investors on record: 4

## About

Cobugs.io is an innovative online gambling platform that specializes in lottery games, particularly focusing on diverse betting options that enhance user experience and engagement.Cobugs.io operates as an online gambling platform, launched in 2018 and headquartered in Barcelona, Spain. The company raised EUR 0.65 million in Seed funding in February 2019, led by JME Ventures with participation from Athos Capital, Finaves, and Lanzame. The founder's history is not detailed, and there are no reported subsidiaries or significant pivots in strategy since its inception.Cobugs.io specializes in lottery games, particularly 4D Toto betting. The platform offers a wide range of online lottery markets, including Sydney Pools, Singapore Pools, Hong Kong Pools, and Toto Macau. Cobugs.io provides a secure environment for users to engage in lottery games, emphasizing safety and user experience with features like accurate lottery predictions and timely event updates. The main geographical markets for its services are Indonesia and other Southeast Asian regions.Cobugs.io generates revenue through lottery ticket sales and associated betting activities. Users participate in various lottery draws, and winnings are based on the odds of their chosen numbers. The revenue model is built around fees and commissions for each bet, ensuring prompt payouts as per company policies, while maintaining a focus on transparency and security for all transactions.Cobugs.io plans to leverage the recently raised EUR 0.65 million in Seed funding to enhance its product offerings and expand into new markets. Specific initiatives include the design and launch of new lottery game formats and improved user interface features, targeting additional Southeast Asian countries by 2024. This funding will support the development of these new products and bolster marketing efforts to attract a broader user base.

## Funding rounds

- Seed, Feb 1, 2019, $0.8M — Finaves, Lanzame, JME Ventures, Athos Capital

## Investors

- Finaves (https://capitalatlas.ai/funds/finaves) — Seed
- Lanzame (https://capitalatlas.ai/funds/lanzame) — Seed
- JME Ventures (https://capitalatlas.ai/funds/jme-ventures) — Seed
- Athos Capital (https://capitalatlas.ai/funds/athos-capital) — Seed