In the recent Technology Banking Update published by Bank of America – Merrill Lynch, Scytl has been positioned at the top of their ranking of technology financing rounds in Europe. Despite economic turmoil in the region, companies such as Scytl remain a beacon in ensuring economic growth not only in Europe but worldwide.
“We are extremely proud of the recognition and belief from the investor community in the market opportunity to help modernize and secure voting process across the globe with innovative and secure technology,” says Pere Valles, CEO Scytl. “Years of dedication are being recognized and leveraged not only by our customers, but by a growing community of sound financial technology backers.”
During the recently closed round of financing, Scytl raised $104 million of capital from five new investors: Vulcan Capital, SAP Ventures, Vy Capital, Adams Street Partners and Industry Ventures. Balderton Capital, Nauta Capital and Spinnaker Invest remain as significant shareholders in the company.