Velan Studios

Velan Studios is a video game development and publishing company focused on creating unique gaming experiences. They craft engaging titles for various platforms, catering to both casual and competitive players. Velan Studios, founded in 2016 and headquartered in Troy, US, specializes in the development of innovative video games. The company successfully executed its first funding round, a Series A financing of USD 7.

00 mn led by Velan Ventures in July 2017. The company was founded by individuals with industry experience, although specific names were not disclosed. Velan Studios specializes in the development and publishing of innovative video games that provide unique and engaging experiences for players. Their core offerings include titles such as 'Midnight Murder Club,' 'Bounce Arcade,' 'Hot Wheels Rift Rally,' 'Knockout City,' and 'Mario Kart Live: Home Circuit.

' These games target a diverse demographic, catering to both casual and competitive players across various genres, from party games to racing simulations, primarily focusing on markets in North America and Europe. Velan Studios generates revenue through direct-to-consumer sales of its video game titles, which are available on multiple platforms. They employ a business-to-consumer (B2C) model, with revenue primarily derived from individual game sales and potential in-game purchases. Flagship products like 'Knockout City' leverage competitive multiplayer mechanics, contributing to ongoing revenue through engaging content.

Velan Studios plans to utilize the recent Series A financing of USD 7. 00 mn to support the development of upcoming new products and expand into new geographic markets. The company aims to launch additional titles by 2024, targeting expansion into European and Asian markets with a focus on increasing their international presence. The growth strategy includes leveraging the recent investment to enhance game development capabilities and marketing efforts to reach broader audiences.