G2VP leads $80m series-C for Scandit

The round also saw participation from new and existing investors including Atomico, GV, Kreos Capital, NGP Capital, Salesforce Ventures and Swisscom Venture.

The new funding will be used to accelerate growth in new markets such as Asia-Pacific and Latin America, as well as expand Scandit's footprint in North America and Europe. It will also support continued research and development.

Previous funding
In 2014, the company raised $5.5m in seed funding from a group of private investors.

Subsequently, Scandit raised $7.5m in a series-A from Atomico in January 2017.

In July 2018, GV led a $30m series-B funding round for the company. Existing backer Atomico and new investor NGP Capital also took part in the round.

Company
Founded in 2009, Scandit develops a software-based barcode scanning and data capture platform for smartphones, tablets and wearable computing devices. Scandit's platform is used by companies operating in several industries such as retail, logistics, manufacturing and healthcare. The company is headquartered in Zurich and has a presence in San Francisco, Boston, London and Warsaw. It employs 218 people, according to LinkedIn.

Since the last funding round, Scandit has tripled recurring revenues and doubled the size of its global team, the company claimed in a statement.

People
G2VP – Ben Kortlang (general partner).
Scandit – Samuel Mueller (CEO).

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• Topics
• Expansion
• DACH
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• Atomico