Scandit, the smart data capture pioneer, gets over €130 million and becomes new Swiss unicorn

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 – enabling innovation that delivers significant cost savings, increases employee retention and customer loyalty. Since its Series C funding round in May 2020, the business has more than doubled its annual recurring revenue and now has over 1700 global customers including American Eagle Outfitters, Carrefour, FedEx, Levi’s Strauss & Co., Yamato Transport and Sephora. Flavio Porciani, Managing Director at Warburg Pincus, said: “Scandit’s smart data capture technology is transforming the way businesses operate and interact with their customers in an increasingly digital world and is strongly aligned with some of the biggest secular trends of our time, including enablement of the digital workforce and supply chain visibility.” Scandit has strengthened its leadership position in its core verticals – retail, transportation and logistics, healthcare and manufacturing – and today is trusted by three of the top five global courier companies and eight of the top ten US grocers. Whether to digitally enable the mobile workforce or to enhance supply chain visibility, omnichannel fulfilment, store operations efficiency or asset tracking and maintenance – this is where Scandit has been able to enter the market and skyrocket. They bring a deep understanding of our business and software growth investing and a long track record of backing winning businesses.” This new funding for the latest European unicorn will be used to further expand its global footprint and team, with a particular focus on the APAC region.