Election software company Scytl has closed a $104m funding round, securing $44m from the second tranche after SAP invested $20m earlier this year.

Spain-based software producer Scytl raised $44m yesterday in the second tranche of its latest funding round, bringing the round, which included the corporate venturing arm of software Company SAP, to $104m.  

Investment firms Vy Capital and Industry Ventures and private equity investor Adams Street Partners participated in the round as new investors, alongside existing backers Vulcan Capital and SAP Ventures. The money will support Scytl’s research and development and strategic growth plans.

Scytl is an electronic voting technology developer…

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