09.02.2022 / Deals & Cases

Deal: Scandit closes USD 150m Series D

We acted as legal advisor to Scandit, the smart data capture leader, for closing their USD 150m Series D financing round at a company valuation in excess of USD 1bn. The oversubscribed round was led by Warburg Pincus and also included strong participation from existing investors.

Scandit's Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear and robots to capture data from barcodes, text, IDs and objects to automate and provide insights for end-to-end processes. The new funds will be used to develop tomorrow’s computer vision technologies to further transform traditional industries and processes and expand the company's global footprint with a particular focus on APAC, including Japan, Singapore and South Korea.

Our team was co-led by Beat Speck (Partner, M&A / Corporate) and Michael Baier (Partner, Venture Capital / M&A), and included Anna Tomaschek (Associate, M&A / Corporate) and Matea Brezovic (Junior Lawyer).