Scytl, a Barcelona, Spain-based provider of a secure online voting and election solutions, raised $40m in funding.
Vulcan Capital, the investment management firm that oversees Microsoft’s co-founder and philanthropist Paul Allen’s portfolio, made the investment via its new Silicon Valley based growth equity fund. In conjunction with the funding, Abhishek Agrawal, Vulcan Capital, will be joining Scytl’s Board of Directors.
The company intends to use the funds for its R&D efforts and strategic acquisitions.
Founded in 2001 and led by Pere Valles, CEO, Scytl provides an end-to-end e-Election Platform that covers every process within an election, from election planning and voter registration to online voting and election night reporting. The company became profitable in 2006 and today has offices in 15 cities (United States, Canada, Brazil, Peru and Greece as well as field offices in the UK, Ukraine, Malaysia, India and Australia) and customers in 35 countries.
Scytl has completed five acquisitions in the past two years: SOE Software and Maxim in the United States, PressVote and Gov2U’s software group in Europe and OAK Soluçoes in Brazil.
Investors in the company include Balderton Capital, Nauta Capital and Spinnaker Invest.
FinSMEs
07/04/2014
Related News
13/07/2010: Scytl Closes €7.5M Financing