Velo Labs Secures Second Strategic Investment from UOB Venture Management
Article is form Jinse
September 18, 2024
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Velo Labs has secured a second strategic investment from UOB Venture Management (UOBVM), a private equity and venture capital subsidiary of United Overseas Bank (UOB). The specific amount of the investment was not disclosed.
UOB has a market capitalization of approximately S$54 billion (as of September 2024) and manages total assets exceeding S$500 billion. Velo Labs will provide Web3-based financial solutions and settlement networks to enable value transfer. (Cointelegraph)
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