SCOPE Ventures Into Fintech & Gaming With $45 Mn Fund Launch
SCOPE, a networking platform for startups, has introduced a USD 45 million venture capital fund targeting innovation in the rapidly evolving fintech and gaming sectors.
This initiative highlights SCOPE's dedication to fostering innovation, collaboration and growth in the startup landscape, according to an official statement.
Operating independently within the SCOPE framework, the VC arm aims to identify, nurture and expedite the progress of "trailblazing startups displaying outstanding potential and disruptive capabilities."
The announcement of this specialised fund emphasises SCOPE's acknowledgment of the vast opportunities existing in fintech and gaming. These sectors have experienced remarkable growth propelled by technological advancements and evolving consumer behaviors, creating a rising demand for inventive solutions.
The venture capital arm aspires to lead this transformation by offering strategic capital, mentorship, and access to a vast network of industry experts.
Intending to collaborate with forward-thinking entrepreneurs, the venture capital arm actively seeks startups showcasing innovative solutions, cutting-edge technologies, and the capacity to redefine industry standards in fintech and gaming.
The release underscores the venture capital arm's readiness for partnerships and its active pursuit of investment prospects. It seeks to strategically fund promising startups, supporting their development and facilitating operational scalability.
SCOPE, established by entrepreneur Appalla Saikiran, serves as a personalised networking platform connecting entrepreneurs with relevant peers, curated content, and valuable opportunities. Backed by partnerships with over 20,000 angel investors, 7,000 VCs, and 200 family offices, SCOPE has facilitated funding for over 400 startups.
