February 9, 2022

Scandit, the smart data capture leader, announces $150m Series D

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Zurich, Switzerland, 9th February 2022

Scandit, the global leader in smart data capture has today announced completing a $150 million Series D round at a valuation exceeding $1 billion. The funding round was led by Warburg Pincus with existing investors including NGP Capital, Atomico, Forestay Capital, G2VP, GV, Kreos, Schneider Electric, Sony and Swisscom Ventures, participating.

NGP Capital first backed Scandit in 2018 when the fund co-led the company’s Series B alongside GV after meeting the team at a pitch event in Bern.

Since then, the company has continued to transform the daily lives of customers, employees and businesses to enable enhanced, personalized experiences and achieve their transformation ambitions. Serving and trusted by over 1,700 enterprise customers globally, some of Scandit’s customers include American Eagle Outfitters, Yamato Transport, Benetton Group, Bosch, Siemens, Pfizer, and the NHS.

Scandit's latest funding round makes the Swiss-born company the latest European unicorn, and NGP Capital's 17th portfolio company to reach this milestone.

Read the announcement here>