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Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
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0.65 | 0.16% | 409.99 | 409.66 | 410.00 | 412.23 | 406.7132 | 408.25 | 11,452,132 | 22:29:23 |
By Lisa Fleisher
Microsoft co-founder Paul Allen's venture-capital fund is betting that online voting will win over skeptics worried about security and gradually become the norm for elections world-wide.
Vulcan Capital's growth equity fund, based in Palo Alto, Calif., will invest $40 million in Scytl, a digital voting services company based in Barcelona with customers in more than 30 countries, including Canada, Mexico and Australia, the two companies said Monday.
Scytl, founded in 2001, sells a range of services aimed at modernizing elections, from training poll workers or registering voters to actually hosting elections online and counting votes. Scytl has already received investments from Balderton Capital, Nauta Capital and Spinnaker SCR.
Write to Lisa Fleisher at lisa.fleisher@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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