# Karma Biotechnologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/karma-biotechnologies

- Industry: Biotechnology
- Headquarters: Los Angeles, US
- Website: www.karmabiotech.com
- Latest round: Seed (Oct 21, 2021)
- Investors on record: 1

## About

Karma Biotechnologies specializes in delivering accurate live lottery draw services, focusing on major pools like Sydney Pools, Singapore Pools, and Hong Kong Pools, ensuring transparency and real-time results for bettors.Founded in 2017, Karma Biotechnologies is based in Los Angeles, US, and provides live lottery draw services. The company has evolved its offerings but has not undergone any major business pivots. The founding team includes Alan Johnson and Andrew Gray, with Andrew Gray currently serving as CEO. Karma has successfully completed 2 funding deals, with the most recent one occurring on October 21, 2021, when it secured Seed funding from investor SOSV.Karma Biotechnologies specializes in offering live lottery draw services that cater to major lottery pools such as Sydney Pools, Singapore Pools, and Hong Kong Pools. Their core service includes real-time broadcasts of lottery results, sourced from official lottery authorities, which ensures the accuracy and authenticity that bettors rely on. The platform is designed for ease of use and provides access to historical data on lottery results, beneficial for players in Indonesia and other Southeast Asian markets.The company's revenue is generated through direct access to live draw services, potentially on a subscription basis or via partnerships with local betting agencies. This structure is designed to facilitate easy access for bettors seeking the latest lottery results, enhancing their overall experience. Karma may offer tiered pricing plans catering to both individual users and businesses within the betting industry, while focusing on compliance with official lottery timings to maintain trust among lottery enthusiasts.Karma Biotechnologies plans to leverage its most recent Seed funding from October 2021 to enhance its service offerings and expand into new markets. Upcoming initiatives include the design of new products related to live lottery draws, with specific details yet to be released. The company is strategically targeting additional markets across Southeast Asia for expansion, aiming to launch these initiatives by the end of 2023. The funding will support the development of these products and facilitate entry into new geographic regions.

## Funding rounds

- Seed, Oct 21, 2021 — SOSV
- Seed, Sep 3, 2019 — SOSV

## Investors

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