The $45 million venture capital fund, which will concentrate on the fintech and gaming industries, has been launched by the invite-only networking platform Scope.
Promising startups will receive strategic funding from the venture capital arm, which will support their expansion and growth. The venture capital division of Scope will function independently in locating, fostering, and expanding businesses that exhibit remarkable promise and disruptive potential.
Appala Saikiran founded Scope in 2021. It is a real-time, dynamic, and personalized network that links business owners with opportunities, content, and like-minded individuals. According to Scope, it has collaborations with over 20,000 angel investors, over 7,000 venture capitalists, 200 family offices, and has helped more than 400 startups raise capital.
The Hyderabad-based company claims that because the fintech and gaming industries are vibrant ecosystems that are propelling change worldwide, they are its target markets.
“It aspires 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.
