Scytl, a provider of electronic voting solutions, has closed its latest funding round on $104 million after receiving an additional $44 million from Vy Capital, Adams Street Partners and Industry Ventures. The company initially raised funds for the round in April of this year when it received $40 million from Vulcan Capital; it then grabbed $20 million from SAP Ventures in July. Scytl has now raised over $116 million in equity financings.
Scytl's end-to-end platform helps manage pre-election finances, planning and voter registration, as well as election-day voting, election-night reporting and more. The company became profitable in 2006 and since then has grown its revenues at an average of 70% per year, operating from offices in 15 cities and serving customers in over 35 countries.