Startup networking platform Scope launches $50 million VC fund for fintech, gaming startups

Invite-only networking and fundraising platform for startups Scope on Thursday launched its new $50 million venture capital fund under its investment banking arm SCOPE VC. The fund will invest in startups focusing on India and the US markets. The average deal size would vary from $500K to $2 million per startup, targeting early-stage ventures.

“Fintech in India and gaming in the U.S. are showing tremendous growth, and we believe there is a significant opportunity to invest in startups that will define the future of these industries,” said Appalla Saikiran, Founder & CEO of Scope.