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Venture Capital
scytale.ventures

Investments

7

Funds

2

Partners & Customers

1

About Scytale Ventures

Scytale Ventures is a venture capital firm that invests in companies operating in data, finance, energy, asset management, legal technology, life science, healthcare, infrastructure, hardware, and blockchain-based technologies. The company was founded in 2017 and is based in Bratislava, Slovakia.

Headquarters Location

Sturova 11

Bratislava, 811 02,

Slovakia (Slovak Republic)

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Latest Scytale Ventures News

Fruitlab Media (t/a Fruitlab) secures £1.3 million investment from Scytale Ventures

Nov 3, 2022

Universal Play-to-Earn model enabling registered users to earn rewards while playing AAA games Player funded Esports platform which allows players to compete against each other in Head-to-Head competitions Content sharing platform that enables creators and viewers to monetize theirintellectualproperty and attention from the very first view “With Scytale’s investment supporting our unique blockchain-powered social gaming platform, we’re bringing together ‘Play-to-Earn’, Esports and social content, and providing rewards through our own cryptocurrency, the PIP,” said Cameron Leslie, Co-Founder of Fruitlab. “We believe Fruitlab Gaming enhances the users experience and brings a whole new dimension to what are already incredibly popular and successful games.” “Gaming is one of the sectors that is benefitting greatly from blockchain tech,” said Mark Cachia, CIO/Founder of Scytale Ventures. “Fruitlab is positioned perfectly in this space and fits in extremely well with the goals of our fund. We’re very excited to be investing in and working with the team.” Nearly 700,000 users around the world use Fruitlab, either on web or mobile app. Built as a plug and play dApp, there is no behavioral change for the player as it runs in the background and updates rewards instantly. With this immediacy, users begin enjoying the benefits of PIPs that are available for trading in the Fruitlab Marketplace. Once the PIP is a listed token it will be able to be traded for other crypto or fiat currencies. -ENDS- Fruitlab, founded in 2018, is a unique blockchain-powered social platform that brings the Play-to-Earn model to Games, Esports and Social Content. Based in London, UK, with employees throughout the world, registered users, mainly from the Americas and Europe, total nearly 700,000 with over 2 million videos uploaded and 10 billion+ views recorded. Scytale Ventures is a digital asset manager with a focus on blockchain solutions. They were an early adopter/investor in blockchain with their Horizon Fund I in 2017. The Horizon Fund II closed in early 2022 with more than USD 60m. Scytale largely invests in projects building real world solutions across different ecosystems.

Scytale Ventures Investments

7 Investments

Scytale Ventures has made 7 investments. Their latest investment was in Sumi as part of their Seed VC on February 2, 2023.

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Scytale Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/2/2023

Seed VC

Sumi

$3M

Yes

1

12/13/2022

Series A

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$99M

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10

11/2/2022

Seed VC - IV

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$99M

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10

11/1/2022

Seed VC

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$99M

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10

5/30/2022

Series A

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$99M

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10

Date

2/2/2023

12/13/2022

11/2/2022

11/1/2022

5/30/2022

Round

Seed VC

Series A

Seed VC - IV

Seed VC

Series A

Company

Sumi

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Amount

$3M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Scytale Ventures Fund History

2 Fund Histories

Scytale Ventures has 2 funds, including Scytale horizon fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Scytale horizon fund I

1

Scytale horizon fund II

10

Closing Date

Fund

Scytale horizon fund I

Scytale horizon fund II

Fund Type

Status

Amount

Sources

1

10

Scytale Ventures Partners & Customers

1 Partners and customers

Scytale Ventures has 1 strategic partners and customers. Scytale Ventures recently partnered with Aventus Network on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/23/2022

Partner

United Kingdom

Aventus Network and Scytale Ventures partner to accelerate integration with Polkadot

Aventus ' partnership with Scytale Ventures includes a sizable DOT grant to help develop the necessary applications to plug into the Polkadot ecosystem .

2

Date

2/23/2022

Type

Partner

Business Partner

Country

United Kingdom

News Snippet

Aventus Network and Scytale Ventures partner to accelerate integration with Polkadot

Aventus ' partnership with Scytale Ventures includes a sizable DOT grant to help develop the necessary applications to plug into the Polkadot ecosystem .

Sources

2

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