Scytl develops cryptographic technologies for electronic voting and electoral modernization, protected by more than 40 international patents. Founded in 2001 by Andreu Riera, the company operates as Scytl Secure Electronic Voting and has deployed solutions in 47 countries and maintains offices in about 20 countries. Its core products focus on high-security electronic voting and public-survey systems, including the assets contributed to the Telefónica joint venture. Scytl has faced significant recent financial pressure: 2016 EBITDA showed an €18 million loss (about half the prior year) and revenues for the business unit fell from €22 million to €14 million. Amid those losses the company decided to surface assets and complete a transaction that improved its short-term finances. Scytl provides secure online voting and electoral modernization solutions for public- and private-sector elections. Its core products are online voting systems and related electoral modernization tools. The company has participated in electoral modernization projects in 47 countries and currently manages 80% of all online voting elections in the public sector worldwide. Scytl will use the new funding to expand its presence in the private-sector electoral market, targeting high-security segments such as political parties, trade unions, universities and professional associations. It is led by CEO Pere Valles and recently spun off OpenSeneca with Telefonica Open Future as a strategic partner and shareholder; OpenSeneca launched Civiciti, a citizen participation platform that includes Scytl’s online voting solution. Financially, Scytl secured an additional $13m investment from existing backers to support this expansion. Scytl provides software and internet-based solutions for election and governance, covering election planning, voter registration, online voting and election night reporting. The platform is designed to improve the efficiency, accessibility, transparency and security of elections. The company plans to use the latest proceeds primarily to fund R&D efforts and strategic growth plans. Financially, Scytl secured an additional $44M financing as part of a round that totaled $104M. Scytl was founded in 2001 and is led by CEO Pere Valles. The company has offices in 15 cities and customers in over 35 countries. Scytl offers an end-to-end e-Election platform that covers election planning, voter registration, online voting and election night reporting. Founded in 2001 and led by CEO Pere Valles, the company is based in Barcelona, Spain. Scytl became profitable in 2006 and today has offices in 15 cities and customers in 35 countries. The company intends to use the funds for R&D efforts and strategic acquisitions. Over the past two years Scytl has completed five acquisitions: SOE Software and Maxim in the United States, PressVote and Gov2U’s software group in Europe, and OAK Soluçoes in Brazil. Investors in the company include Vulcan Capital, Balderton Capital, Nauta Capital and Spinnaker Invest. Scytl is presented in the article as an internet voting outfit that provides internet-based voting technology and services. The TechCrunch item reports that Scytl has secured $9.2M. The coverage focuses on the financing announcement and the company’s role in online voting. The article does not list operating metrics, revenue, users, or future product plans. No additional corporate details are provided beyond the funding amount and the company’s internet-voting focus.

Total raised

$142M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2018