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Scandit, The Smart Data Capture Leader, Announces $150M Series D Investment Led By Warburg Pincus

Feb 09, 2022•over 3 years ago

Amount Raised

$150 Million

Round Type

series d

Description

Scandit, the global leader in smart data capture, has completed a Series D funding round of $150 million at a company valuation in excess of $1 billion. The funding round was led by Warburg Pincus, a leading global growth investor with a track record of successfully scaling high growth companies, particularly in B2B software. The funding round was significantly oversubscribed with strong participation from Scandit's existing shareholder base, including Atomico, Forestay Capital, G2VP, GV, Kreos, NGP Capital, Schneider Electric, Sony Innovation Fund by IGV1 and Swisscom Ventures.

Company Information

Company

Scandit

About

We're the leader in smart data capture giving superpowers to workers, customers and businesses with unmatched speed, accuracy and intelligence. Scandit Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear and robots to capture data from barcodes, text, IDs and objects to automate and provide insights for end-to-end processes. Scandit accurately scans data up to three times faster than dedicated scanners in challenging light or at angles, on damaged labels, across multiple codes, with any smart device. Scandit enables innovation that delivers significant cost savings, increases employee retention and customer loyalty. We partner with customers at every step with trials, solution design, integration and customer success support included. Visit scandit.com to learn why market leaders across retail, transport and logistics, healthcare and manufacturing like Instacart, Levi's Strauss, Sephora, NHS and FedEx trust us.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech