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Scytl
Secure electronic voting provider
- 101-200 employees
- B2B
- Security
- SaaS
- Social Impact
- Sant Gervasi - Galvany, Barcelona, CT
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Company mission
To empower electoral administrators with robust, reliable and cost-effective electoral software.
-9% employee growth in 12 months
Our take
Democracies around the world are seeing lower and lower participation in elections. One often debated solution to turn this situation around is to increase the ease of participation by introducing electronic voting.
Scytl is the leading company delivering secure electronic voting to meet this challenge. By focusing on a cryptographically enabled product, it has been the most trusted provider to date to deliver digital democratic systems.
However the company has also faced challenges. Most notably, the startup went bankrupt in 2020 with over €75M in debt which led to a last-minute acquisition by the Irish corporate, Paragon.
Now the company has ordered its finances, it needs to leverage its long history of proven results for elections across the world to stave off competition in the space. Particularly it must prove its value compared to new startups offering products based on secure blockchain technology.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 7 rounds)
Mar 2017
$0.1m
GRANT
Feb 2017
$12.7m
SERIES D
Total funding: $146.6m
This company has top investors
Leadership
Silvia Caparros de Olmedo
(CEO, not founder)They joined Scytl in 2014 and have held multiple senior roles within the company before becoming its CEO in October 2018 such as General Counsel, Head of HR and Head of Business Affairs. Prior to joining Scytl, They practiced corporate law for over 20 years as a partner in firms such as Aequitas Abogados Asociados and Bufert Albert Sorroca.