Velo Labs Secures Second Strategic Investment from DBS Bank Subsidiary
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September 18, 2024
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Velo Labs Receives Second Strategic Investment from UOB Venture Management
September 18, 2024, PANews - Web3 finance company Velo Labs has secured a second strategic investment from UOB Venture Management (UOBVM), the private equity and venture capital arm of United Overseas Bank (UOB). The investment amount was not disclosed.
As one of Asia's leading financial institutions, UOB has a market capitalization of approximately S$54 billion (as of September 2024) and manages total assets exceeding S$500 billion.
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