US-based retail technology company Mobeam closed its series A round on Monday, raising $4.9m from corporate venturing unit Samsung Ventures, Japan-based conglomerate Mitsui, Yet2ventures, the corporate venturing division of online open innovation marketplace Yet2, and further unnamed investors.

Mobeam’s light-based communication (LBC) technology allows customers to download barcodes for promotions or sales on to their mobile handsets and transform them into a beam of light readable by a laser scanner. The funding will be used to promote LBC as an…

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