Scytl secures $9.44 million in venture financing
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[July 14, 2010]

Scytl secures $9.44 million in venture financing

Jul 14, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Scytl Secure Electronic Voting, S.A., a Spain-based provider of cryptographic security solutions for electronic voting systems, has raised EUR7.5 million in venture financing led by Balderton Capital Management (UK) LLP, with participation from Nauta Capital.


Balderton Capital, through its fund Balderton Capital IV, has invested EUR7.1 million in Scytl, while Nauta, through its Nauta Tech Invest II fund, has invested EUR0.4 million in this round.

Deal Value (US$ Million) 9.44 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2010-07-13 Deal Participants Target (Company) Scytl Secure Electronic Voting, S.A.


Deal Rationale The funding will allow Scytl consolidate its leadership position in the market of electronic voting and plans to strengthen its international expansion.

The funds will also expand the range of electoral modernization Scytl currently offers its customers around the world.

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