Scytl Secures Additional $44M Financing

scytlScytl, a Barcelona, Spain-based provider of secure online voting and election modernization solution, secured an additional $44m financing round.

Backers included Vy Capital, Adams Street Partners and Industry Ventures.

This investment closed the round during which the company has raised $104m from Vulcan Capital, SAP Ventures, Vy Capital, Adams Street Partners and Industry Ventures. Balderton Capital, Nauta Capital and Spinnaker Invest remained as significant shareholders.

The proceeds will be primarily used to fund R&D efforts and strategic growth plans.

Founded in 2001 and led by Pere Valles, CEO, Scytl provides software and internet based solutions for election and governance. Its platform covers every process within an election, from election planning and voter registration to online voting and election night reporting, allowing governments to improve the efficiency, accessibility, transparency and security of their elections.
The company has offices in 15 cities and customers in over 35 countries.



Related Deals:
09/07/2014: Scytl Raises $20M from SAP Ventures
07/04/2014: Scytl Raises $40M in Funding

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