Scandit has announced a new Series D funding round

Climbs upstartup that became Unicorn, announced the completion of a Series D funding round. That round guaranteed over $ 150 million in funding which lead the company’s valuation to exceed $ 1 billion. Supporting Scandit’s funding round was Warburg Pincus, a major global investor. The round was also attended by parts of Scandit’s existing shareholder base, including Atomico, Forestay Capital, G2VP, GV, Kreos, NGP Capital, Schneider Electric, Sony Innovation Fund by IGV and Swisscom Ventures.

A loan to support Scandit’s global growth that has no intention of stopping

Scandit raised nearly $ 300 million, to date, to support its global growth. Compared to the Series C funding round of last May 2020, the company recorded a doubling of its annual turnover. Today, in fact, Scandit is an important reference in the sector thanks also to over 1,700 customers. Scandit’s main clients include major companies such as American Eagle Outfitters, Carrefour, FedEx, Levi’s Strauss, Yamato Transport and Sephora.

A leading role globally

Over the past few years, Scandit has achieved a leading position in various markets, from retail to transportation through logistics and manufacturing. To date, the company can count on the support of three of the top five global shipping companies. Eight of the top ten US food chains also support the company.