SCOPE, the exclusive startup networking platform, announced the launch of a venture capital fund worth $45 million, with a specific focus on the fintech and gaming sectors.
Operating as an independent entity, SCOPE's VC arm aims to identify, nurture, and accelerate groundbreaking startups demonstrating exceptional promise and disruptive potential within the fintech and gaming realms.
The venture capital arm will actively seek out startups showcasing innovative solutions, disruptive technologies, and the potential to redefine industry norms in fintech and gaming. By providing strategic funding, the VC arm intends to support the growth of promising startups, facilitating their expansion and scalability.
Appalla Saikiran, Founder and CEO of SCOPE, emphasized the transformative nature of fintech and gaming as dynamic ecosystems driving global change. Saikiran stated, "With SCOPE’s VC, we aspire to be a catalyst for startups with audacious visions, providing the support they need to redefine the future."
Leveraging SCOPE's extensive resources and networks, the VC arm aims to catalyze the growth of portfolio companies, positioning them for long-term success. The venture capital arm will actively pursue partnerships with visionary entrepreneurs, empowering them to reshape the landscape through cutting-edge technologies and transformative business models.
SCOPE has a robust network, boasting partnerships with over 20,000 angel investors, more than 7,000 venture capitalists, and facilitation of funding for over 400 startups. This venture capital initiative underscores SCOPE's commitment to supporting and propelling innovative startups in the dynamic fields of fintech and gaming.
(With Agency Inputs)
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