Private company

Velan Studios

Logo: Velan Studios, Non-free logo, via Wikipedia³

American video game developer

Velan Studios is a video game developer headquartered in Troy, New York. Founded in 2016 by Guha Bala and Karthik Bala, the studio is most known for developing Mario Kart Live: Home Circuit (2020), Knockout City (2021), and Star Fox (2026).² Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2016Founded¹

Industryvideo game industry¹
HeadquartersTroy¹
Websitewww.velanstudios.com

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Products and brands

video game

Listed on Wikidata.¹

Timeline

2016Founded Founded¹

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$2.6M 2020–2021

PPP loans $2.6M

Figures by year

Year	PPP loans	Total
2021	$1.5M	$1.5M
2020	$1.1M	$1.1M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA⁴. Matched to this company by name and state.

Apr 15, 2020$1.1M PPP loan (first draw) from Manufacturers and Traders Trust Company⁴To VELAN STUDIOS, INC, Troy NY; $1.1M forgiven Nov 5, 2020
Feb 19, 2021$1.5M PPP loan (second draw) from Manufacturers and Traders Trust Company⁴To VELAN STUDIOS INC, Troy NY; $1.5M forgiven Aug 13, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataVelan Studios on Wikidata
2
WikipediaVelan Studios on Wikipedia
3
Wikimedia CommonsVelan Studios logo by Velan Studios, Non-free logo
4
SBASBA Paycheck Protection Program loan data (FOIA), loans of $150,000 and up