Balderton backs e-voting
IT may have been a €50m-plus nightmare for the Government, but Balderton Capital thinks e-voting has a profitable future.
The Barry Maloney-led private equity group has put together $9.2m (€7.2m) in investment funding for Spanish firm Scytl.
Scytl makes internet-based voting technology, which is used in more than a dozen countries that are trialling or using public e-voting, including Britain, the US, France, Norway and Australia.
Florida county used the technology in 2008 and it has been used in two local authority elections in Britain.
Balderton partner Bernard Liautaud has joined Scytl's board. Other Balderton investments include gambling business Betfair and luxury fashion retailer Mywardrobe.