# Vivid Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vivid-technologies

- Industry: Marketing/Advertising
- Headquarters: London, UK
- Website: www.vividtech.io
- Latest round: Seed (Oct 29, 2015)
- Investors on record: 4

## About

Vivid Technologies offers an online lottery and betting platform, specializing in lottery-style games for users seeking engaging gambling experiences within a secure digital environment.Founded in 2006, Vivid Technologies operates primarily in the online lottery sector, providing users with a comprehensive platform for participating in national and regional lottery draws. The company is headquartered in London, UK. It has undergone no notable pivots or changes in business operations since its inception. The founder's background and prior ventures are not documented. Vivid Technologies was the investment target in its most recent financing round on October 29, 2015, which involved investment from Sunbridge Ventures, Telefonica, Conrad Labs, and Rosemont Group Capital Partners. The company has completed a total of 1 deal.Vivid Technologies specializes in a comprehensive online lottery and betting platform. Its offerings include a variety of online lottery services that allow users to participate in national and regional lottery draws through a secure and user-friendly interface. The company has established a significant market presence in Vietnam and other Southeast Asian countries since its industry inception in 2006. Targeting casual bettors and dedicated lottery enthusiasts, the platform emphasizes user engagement by providing various betting options, promotions, and real-time results, all while adhering to strict regulations and licenses from recognized authorities.Vivid Technologies generates revenue through service fees associated with user transactions on its platform. Users engage in direct betting activities by placing wagers on various lottery games, contributing a portion of each bet to the company's revenue. Their model supports B2C interactions, enabling individual users to place bets directly, alongside potential partnerships with other businesses in the betting industry. While the specifics of pricing plans are not publicly disclosed, the company incentivizes user activity through bonuses, such as deposit matching, thereby enhancing user participation and retention as a core component of its revenue generation strategy.Vivid Technologies aims to expand its market reach by developing new products and enhancing its platform's features, although specific upcoming launches or release dates are not detailed. The company is targeting expansion into additional Southeast Asian markets, with plans to leverage its existing operational framework to enter these regions by late 2023. The funds raised in the October 2015 financing round will be utilized to support these initiatives and bolster product development, enhancing the overall user experience on the platform.

## Funding rounds

- Seed, Oct 29, 2015 — Telefonica, SunBridge Global Ventures Inc., Rosemont Group Capital Partner LLC, Conrad Labs

## Investors

- Telefonica (https://capitalatlas.ai/funds/telefonica) — Seed
- SunBridge Global Ventures Inc. — Seed
- Rosemont Group Capital Partner LLC — Seed
- Conrad Labs — Seed