# Velo Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/velo-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.skylock.cc
- Latest round: Seed (Jul 6, 2021)
- Investors on record: 1

## About

Velo Labs is a digital platform specializing in innovative technology solutions aimed at enhancing user experience and operational efficiency within the online gaming industry.Velo Labs operates in the online gaming sector, focusing on enhancing user interaction and engagement through advanced technology. The company was founded by Jack Kahwati, who has a history of entrepreneurship in tech startups. Headquartered in San Francisco, US, Velo Labs raised USD 1.000 mn in a Seed funding round on July 6, 2021, with investments from DSCN Capital and Mesh Ventures. The total amount raised by the company stands at USD 1.000 mn.Velo Labs offers a comprehensive online gaming platform that includes sports betting, online casino games, card games like poker, and various slot games. The platform prioritizes user security with robust systems while providing an intuitive interface for seamless engagement. It primarily serves clients in Vietnam and has extended its services to other Southeast Asian markets, catering to both casual and serious gamers.The revenue model for Velo Labs is based on transaction activities inherent to online gaming. Revenue is generated from the margins on sports bets and the house edge applied to casino games in real-time transactions. The company operates directly with consumers accessing the platform without intermediary retailers, focusing on enhancing customer engagement through a diverse array of gaming options.Velo Labs plans to enhance its product offerings with new gaming features aimed at user engagement, launching these updates in the upcoming quarters. The company has also identified opportunities for expansion into additional Southeast Asian markets by the end of 2022. Recent funding will be allocated to support these initiatives, focusing on innovation and market penetration strategies.

## Funding rounds

- Seed, Jul 6, 2021 — SOSV

## Investors

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