Last modified: 30/04/2014

Scytl gets 30 € million investment from Microsoft co-founder

The electoral management platform gets first investment from Vulcan Capital in Europe.

Scytl, a company based in Barcelona specializing in electronic voting and election technology, has recently received an investment of 30 € million from Paul Allen, Microsoft co-founder, through Vulcan Capital, an investment fund created in 2013 that invests in internet companies with strong growth. Scytl has already carried out operations in the United States and India. 

The company wants to make its platform Scytl e-Election into the international benchmark for all services involved in the electoral process. 

This investment is part of a first round of funding by which the Catalan company is preparing to trade on the Nasdaq, possibly in 2016. 

Scytl was the first technology spin-off from the Autonomous University of Barcelona. It was formed in 2001 and three years later began trading when Switzerland introduced a bill regarding Internet voting. Present in 35 countries with a staff of 367 people, 170 in Barcelona, the company's turnover was 38.6 million euros last year.


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