Five retail technology funding rounds you need to know about – Retail Technology Innovation Hub

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4. Scandit

Smart data capture specialist, Scandit, has announced a Series D funding round of $ 150 million at a valuation in excess of $ 1 billion.

This was led by Warburg Pincus, and included participation from Scandit’s existing shareholder base, including Atomico, Forestay Capital, G2VP, GV, Kreos, NGP Capital, Schneider Electric, Sony Innovation Fund by IGV and Swisscom Ventures.

To date, Scandit has raised almost $ 300 million.

Since its Series C funding round in May 2020, the company has more than doubled its annual recurring revenue and now has over 1,700 global customers, including American Eagle Outfitters, Carrefour, FedEx, Levi Strauss & Co., Yamato Transport and Sephora.

It plans to use the additional funding to expand its global footprint and team with a particular focus on APAC, including Japan, Singapore and South Korea.

The cash will also accelerate Scandit’s R&D with an increased emphasis on AI / ML capabilities and autonomous data capture methods.

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