Invite-only networking platform Scope has launched a venture capital fund worth $45 million which will be focused on the fintech and gaming sectors.
The venture capital arm will provide strategic funding to promising startups, fostering their growth and enabling them to scale their operations. Scope’s VC arm will operate as an independent entity in identifying, nurturing, and accelerating startups that demonstrate exceptional promise and disruptive potential.
Founded in 2021 by Appala Saikiran, Scope is a real-time, dynamic and personalised network that connects entrepreneurs with like-minded people, content and opportunities. Scope claims to have partnerships with more than 20,000 angel investors, over 7,000 VCs, 200 family offices and facilitation of funding for more than 400 startups.
According to the Hyderabad-based company, it is aiming for fintech and gaming industries because they are dynamic ecosystems driving global change. “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.