Velastegui is a Basque surname.

There are several etymological possibilities for this surname - either it comes from clumping belha z tegi words which means the place of grass hay - or it comes from the agglutination z bela words tegi which means the place of the crows; patronymic this precise location of the ancestral home.

Notable people with the surname include: Anita Velastegui (born 1952), Ecuadorean colonel David Velastegui (born 1991), Canadian professional soccer player

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