SCOPE, an invite-only networking platform for the startup ecosystem, has raised over $90 million in a capital round headed by Apricot Capital, based in Singapore, to strengthen its asset management division in the US.
Appalla Saikiran, a 20-year-old entrepreneur, launched the firm, which just got a licence to provide asset management services in the US.
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According to a VCCircle report, SCOPE will be allowed to expand its reach and handle assets directly in the US with the new cash and licence. The additional capital will also be utilised to further the company’s investment plans and allow it to provide help to a greater number of companies.
The company obtained about $6 million from Partners Value Fund in January of this year in order to enter the US market.
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SCOPE is a customised networking platform that connects business owners with other like-minded people, carefully chosen material, and advantageous prospects. On its networking platform, the company claims to have more than 20,000 angel investors, more than 5,000 venture capitalists, and 200 family offices. Since its inception in 2021, it claims to have helped more than 400 businesses secure finance.
In December of last year, SCOPE opened a $45 million venture capital fund with an emphasis on the gaming and fintech industries. To find, support, and grow innovative startups, the venture capital arm functions independently.
About SCOPE
SCOPE is an Invite-Only startup networking platform is the focus. Entrepreneurs may find like-minded individuals, content, and opportunities on this real-time, personalised network.
