Scope introduces $45M VC fund targeting fintech and gaming

• ByStartupStory     |    December 26, 2023

SCOPE, an exclusive networking platform for startups, unveiled a $45 million venture capital fund targeting fintech and gaming. The move aims to propel innovation in these rapidly evolving industries, emphasizing SCOPE’s dedication to nurturing innovation and collaboration within the startup ecosystem.

“This underscores SCOPE’s commitment to fostering innovation and growth,” stated the release. The VC arm, operating independently under SCOPE, will identify and accelerate promising startups with disruptive potential.

Recognizing vast opportunities in fintech and gaming, the release highlighted their unprecedented growth due to technological advancements and changing consumer behavior. “SCOPE acknowledges the immense potential in these sectors,” the announcement affirmed.

The venture capital arm intends to lead this transformative wave by offering strategic capital, mentorship, and industry expert connections. It actively seeks visionary entrepreneurs for partnerships, scouting innovative solutions and technologies that challenge industry norms in fintech and gaming.

“We aim to redefine industry norms,” the release emphasized. Open to collaborations, the VC arm is actively assessing investment prospects and providing strategic funding to fuel startups’ growth and expansion.

SCOPE, founded by 20-year-old entrepreneur Appalla Saikiran, functions as a personalized networking platform. It pairs entrepreneurs with relevant connections, curated content, and valuable opportunities. Supported by a vast network, including 20,000+ angel investors and 7,000+ VCs, SCOPE has facilitated funding for over 400 startups.

“This venture capital arm is poised to foster growth,” the release concluded, highlighting SCOPE’s commitment to driving innovation and empowering startups within fintech and gaming.

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