# Fe3 Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fe3-medical

- Industry: Biotechnology
- Headquarters: San Antonio, US
- Website: www.fe3medical.com
- Total disclosed funding: $11M
- Latest round: Series B (Mar 2, 2016)
- Investors on record: 4

## About

Fe3 Medical Inc. specializes in providing reliable online lottery services, targeting the Singapore and Hong Kong markets, and ensuring users have access to accurate and timely lottery results.Fe3 Medical Inc. is focused on enhancing online lottery experience for users in Singapore and Hong Kong. Founded in 2008 and headquartered in San Antonio, US, the company has completed 4 deals, with the latest being a Series B round of USD 3.5 mn in August 2016, funded by The State of Texas. The CEO, Mark Sieczkarek, leads the company as it operates independently without any known subsidiaries or parent companies.Fe3 Medical Inc. specializes in providing reliable online lottery services, particularly for the Singapore Pools (SGP) and Hong Kong Jockey Club (HK) lotteries. The platform offers users access to real-time results, addressing challenges in verifying outcomes from unofficial channels, thus ensuring transparency and security in the online gambling sector. The website is specifically designed to keep players informed about the latest lottery draws and results.The revenue model of Fe3 Medical Inc. is likely based on transaction fees associated with providing lottery results and potential advertising revenues from high site traffic. Users engage with the platform without subscriptions, receiving direct updates on lottery outcomes, and there may be partnerships with other gambling sites to enhance user engagement.Following the Series B financing of USD 3.5 mn raised in August 2016, Fe3 Medical Inc. plans to utilize the funds to support the development of new features for its platform, enhancing user engagement. The company is also exploring opportunities to expand into additional Southeast Asian markets within the next two years, focusing on regions with growing online lottery participation, to further solidify its market presence.

## Funding rounds

- Series B, Mar 2, 2016, $11M — InCube Ventures, Ping An Trust, Huagai Capital, Wuhan Jianmin Pharmaceutical Group Co., Ltd

## Investors

- InCube Ventures — Series B
- Ping An Trust — Series B
- Huagai Capital (https://capitalatlas.ai/funds/huagai-capital) — Series B
- Wuhan Jianmin Pharmaceutical Group Co., Ltd — Series B