Mellitus, LLC

Mellitus, LLC specializes in digital lottery and gaming services, focusing on providing engaging real-time lottery experiences to users, particularly in Southeast Asia. The company offers a dynamic platform for both entertainment and serious gaming. Mellitus, LLC was founded in 2011 and is headquartered in Boston, US. The company engages in the lottery market, delivering services that include live draw events for Cambodia Pools.

Michael Chorev is the founder, and John Tagliamonte serves as the CEO. The company has completed 7 deals, with its most recent deal on April 23, 2019, during which it raised USD 2. 80 mn. Mellitus, LLC's primary offering revolves around lottery and gaming services, particularly focusing on the Togel market.

The core product involves live draw events, providing real-time results and number draws aimed at individual players and serious gamblers. The company also supplies frequent updates on results and winning numbers, ensuring user engagement through a comprehensive interaction with its audience. Mellitus, LLC generates revenue through a structured transaction model that includes direct-to-consumer sales and potential partnerships with local retailers. Customers engage by purchasing tickets for live draw events at set prices, creating a straightforward revenue stream based on volume.

Each ticket sale contributes to overall revenue, with the pricing model providing predictability. In April 2019, Mellitus, LLC raised USD 2. 802 mn in venture funding, which will support its strategy for future growth. The company plans to enhance its product offerings with new lottery games and expand its presence in Southeast Asian markets.

Specific new products are being developed, although launch dates have not been disclosed. This funding will facilitate the execution of these initiatives, aiming to capture a larger market share by reaching new audiences.