# Cool Hobo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cool-hobo

- Industry: Software
- Headquarters: Shenzhen, China
- Website: www.coolhobo.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 1, 2017)
- Investors on record: 1

## About

Cool Hobo is an online lottery platform that provides a secure betting experience across various lottery games. It caters to both casual players and enthusiasts looking for reliable gaming opportunities.Founded in 2016, Cool Hobo operates as a dedicated online lottery service based in Shenzhen, China. The company has undergone no major pivots in its business strategy. Lo Kobes, the CEO and founder, leads the company, having established it to serve a growing client base. In August 2018, Cool Hobo raised CNY 5 million in Angel funding from PRD Angels, marking its first significant investment. The total amount raised to date is CNY 5 million.Cool Hobo primarily operates as a trusted online lottery platform, offering a variety of lottery games including 4D, 3D, and 2D betting options. The platform is designed to provide a secure and user-friendly experience for lottery enthusiasts, with features such as daily lottery predictions and robust security measures to protect customer data. The company's services are primarily targeted toward the Indonesian market, where online lottery participation has increased significantly.Cool Hobo generates revenue through transaction-based activities related to its online lottery services. Players place bets on diverse lottery games, and the company earns income from a percentage of the total wagers. The business model is centered around direct consumer transactions, where players invest to participate in various lottery offerings, enhancing user engagement through features like predictions and promotions.Cool Hobo plans to utilize its recent Angel funding of CNY 5 million to enhance its platform and expand its product offerings. The company aims to introduce new lottery games tailored to the Indonesian market by the end of 2023. Additionally, Cool Hobo is exploring opportunities to enter new markets in Southeast Asia, leveraging consumer interest in digital gaming to increase its user base.

## Funding rounds

- Seed, Jan 1, 2017, $0.1M — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed