The venture capital arm will actively search for firms that exhibit revolutionary ideas, creative solutions, and the ability to upend established conventions in the gaming and fintech industries.
The invite-only startup networking platform SCOPE announced the establishment of a $45 million venture capital fund on Tuesday, with a focus on the fintech and gaming industries.
The venture capital division of SCOPE will function independently to find, support, and grow innovative businesses that show great promise and disruptive potential.
The venture capital arm will actively search for firms that exhibit ground-breaking innovations, creative solutions, and the ability to upend established conventions in the gaming and fintech industries.
“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.
Promising startups will get strategic funding from the venture capital arm, which will support their expansion and growth.
SCOPE’s venture capital (VC) seeks to position portfolio firms for long-term success by accelerating their growth through the utilization of SCOPE’s extensive networks and resources.
With cutting-edge technologies and game-changing business models, the venture capital arm will actively seek collaborations with innovative entrepreneurs to enable them to alter the landscape.
More than 20,000 angel investors, more than 7,000 venture capitalists, 200 family offices, and more than 400 entrepreneurs have benefited from SCOPE’s collaborations.