Summary:

The Spanish e-voting management company will use the new cash to boost R&D, strategic investments.

Voting Booth
photo: Image courtesy of Flickr user Lower Columbia College

Scytl, the 13-year old company specializing in online or e-voting, now has $40 million in new backing from Vulcan Capital, the VC fund backed by Microsoft co-founder Paul Allen. Abhishek Agrawal, heads of growth equity investments for Vulcan, is joining Scytl’s Board of Directors.

The investment represents a bet by Vulcan that concern about online voter fraud can be alleviated.

The cash infusion will finance R&D and possible strategic acquisitions. The Barcelona-based company has done a bunch of M&A in the past few years — purchasing SOE Software and Maxim in the U.S., PressVote and Gov2U’s software unit in Europe and OAK Solucoes in Brazil.

Scytl, which grew out of a research group at the Autonomous University of Barcelona, says it’s managed more than 100,000 electoral events in 35 countries, including Canada, the United States, Mexico, Ecuador, Honduras, Costa Rica, France, Norway, Switzerland, Bosnia-Herzegovina, Iceland, the UAE, India and Australia.

 

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