What is Scandit?
Scandit is at the forefront of smart data capture, equipping smart devices like smartphones, drones, and robots with the ability to accurately and rapidly capture data from barcodes, text, IDs, and objects. This technology is designed to automate and provide critical insights for end-to-end business processes. Scandit's platform offers unparalleled speed and accuracy, even in challenging conditions such as poor lighting, at difficult angles, or on damaged labels, and can scan multiple codes simultaneously. By enabling innovation through its smart data capture solutions, Scandit helps organizations achieve significant cost savings, improve employee retention, and enhance customer loyalty.
How much funding has Scandit raised?
Scandit has raised a total of $273M across 5 funding rounds:
Angel/Seed
$5.5M
Series A
$7.5M
Series B
$30M
Series C
$80M
Series D
$150M
Angel/Seed (2014): $5.5M, investors not publicly disclosed
Series A (2017): $7.5M led by Atomico
Series B (2018): $30M supported by Atomico, GV, and NGP Capital
Series C (2020): $80M featuring Kreos Capital Group Limited, Swisscom Ventures, Atomico, Salesforce Ventures, NGP Capital, G2VP LLC, and Google Ventures
Series D (2022): $150M backed by Swisscom Ventures, Forestay Capital, Atomico, and Warburg Pincus
Key Investors in Scandit
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
GV
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors. The company focuses on enterprise solutions, life sciences, consumer products, and frontier technology innovations. GV operates globally with presence across North America, Europe, Asia, and South America, providing financial backing to promising startups and growth-stage businesses. The firm maintains a diverse investment portfolio spanning technology, healthcare, and various other industries.
NGP Capital
NGP Capital is a venture capital firm that specializes in supporting exceptional founders in transforming their innovative ideas into impactful companies. With two decades of experience, they focus on early-stage B2B companies that are driving the convergence of physical and digital worlds. Their portfolio includes a range of transformative technology companies across global markets. NGP Capital aims to be a long-term partner for founders, helping them navigate from inception to IPO.
What's next for Scandit?
With its recent major strategic investment, Scandit is poised for accelerated expansion and further development of its smart data capture platform. This substantial backing indicates strong investor confidence in Scandit's technology and its potential to disrupt traditional data capture methods across various industries. The company is likely to focus on enhancing its AI-driven insights, expanding its global reach, and deepening its partnerships to further solidify its market leadership. The ongoing investment signals a commitment to innovation and scaling operations to meet the growing demand for intelligent automation and data-driven decision-making.
See full Scandit company page
