SCOPE Unveils $45 Million VC Fund for Fintech, Gaming Startups
SCOPE, an exclusive startup networking platform, has recently unveiled a venture capital fund with a substantial value of $45 million. The focus of this fund will be on the fintech and gaming sectors. Operating as a separate entity, SCOPE's venture capital arm aims to independently seek out, foster, and expedite the growth of innovative startups displaying outstanding promise and disruptive potential.
The VC arm will actively scout for startups demonstrating innovative solutions, disruptive technologies, and the potential to redefine industry norms within Fintech and Gaming. "Fintech and Gaming are not just industries; they are dynamic ecosystems driving global change. With SCOPE’s VC, we aspire to be a catalyst for startups with audacious visions, providing the support they need to redefine the future,” said Appalla Saikiran, Founder and CEO of SCOPE.
The venture capital division intends to offer strategic funding to promising startups, facilitating their expansion and empowering them to enhance their operational scale. Through the utilization of SCOPE's extensive resources and networks, SCOPE’s VC strives to accelerate the development of portfolio companies, positioning them for sustained success in the long run.
The venture capital division is set to proactively forge partnerships with forward-thinking entrepreneurs, enabling them to reshape the business landscape with innovative technologies and transformative business models. SCOPE boasts collaborations with upwards of 20,000 angel investors, over 7,000 venture capitalists and 200 family offices, and has facilitated funding for over 400 startups.
