Scytl secures $40 million investment from Paul Allen´s Vulcan Capital
Microsoft’s co-founder, Paul Allen, backs the global leader in election modernization with a $40 million investment via the management firm that oversees his multi-billion dollar portfolio. The investment was made from Vulcan’s new Silicon Valley based growth equity fund which is focused on investing behind the world’s brightest ideas and companies in the internet and technology space that are making a transformational change – in the way that Scytl is modernizing elections globally.
“Scytl is playing a pivotal role in helping governments worldwide to further embrace technology-driven modernization in their election processes, an area which will continue to undergo massive transformation in the coming years”, said Abhishek Agrawal, Managing Director of Vulcan Capital. “We are excited to partner with Scytl which is at the forefront of this with its full suite of election modernization solutions which governments can adopt on a gradual basis.” Abhishek Agrawal, who heads all growth equity investments for Vulcan Capital, will be joining Scytl’s Board of Directors.