# Scandit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scandit

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.scandit.com
- Total disclosed funding: $268M
- Latest round: Series D (Feb 9, 2022)
- Investors on record: 11

## About

Scandit AG is an innovative technology company specializing in mobile data capture solutions that empower businesses to optimize operational efficiency through high-performance barcode and ID scanning capabilities.Founded in 2009, Scandit AG is headquartered in Zurich, Switzerland, and focuses on advanced mobile data capture solutions. The company has successfully raised a total of USD 150.00 mn in funding across five deals, with the most recent funding round being Series D in February 2022, led by Warburg Pincus. The company’s founders, Eelco Peters and Samuel Mueller, have a background in technology innovation, contributing to their efforts in developing Scandit's unique product offerings.Scandit specializes in advanced mobile data capture solutions, primarily through its Smart Data Capture platform, allowing businesses to utilize smart devices as high-performance barcode and ID scanners. Its core products include barcode scanning SDKs, ID scanning solutions, and no-code applications such as Scandit Express. These solutions enhance operational efficiency across various sectors, including retail, logistics, healthcare, and manufacturing, addressing critical use cases like inventory management and real-time data processing for over 2,000 global customers.Scandit's revenue model centers on subscription services and B2B partnerships, with clients engaging through multiple pricing plans that grant access to its SDKs and support services. The company generates revenue through software license sales, catering to a diverse clientele from large enterprises to smaller businesses requiring efficient scanning technologies, ultimately driving operational optimization and customer satisfaction.In February 2022, Scandit AG raised USD 150.00 mn in Series D funding, which will be utilized to accelerate its global expansion, particularly in the Asia-Pacific region. The company aims to enhance its product offerings and increase its market presence. Upcoming initiatives include the design and launch of new products tailored to meet evolving customer needs. Scandit is focused on targeting specific markets in Asia-Pacific for expansion as part of its strategic growth plan.

## Funding rounds

- Series D, Feb 9, 2022, $150M — Warburg Pincus, Kreos Capital, NGP Capital, Aster Capital, GV, Atomico, Swisscom Ventures, Sony Innovation Fund, G2 Venture Partners, Forestay Capital
- Series C, May 26, 2020, $80M — Kreos Capital, NGP Capital, GV, Atomico, Swisscom Ventures, Salesforce Ventures, G2 Venture Partners
- Series B, Jul 25, 2018, $30M — NGP Capital, GV, Atomico
- Series A, Jan 10, 2017, $7.5M — Atomico

## Investors

- Atomico (https://capitalatlas.ai/funds/atomico) — Series A, Series B, Series C, Series D
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B, Series C, Series D
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C, Series D
- Kreos Capital — Series C, Series D
- Swisscom Ventures (https://capitalatlas.ai/funds/swisscom-ventures) — Series C, Series D
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series C
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series C, Series D
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series D
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series D
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series D
- Forestay Capital (https://capitalatlas.ai/funds/forestay-capital) — Series D