Scandit has welcomed back shareholders including GV, Schneider Electric, Sony and Swisscom for a round that made the ETH Zurich spinout a unicorn.
Scandit, a Switzerland-based data capture technology spinout of ETH Zurich, closed a $150m series D round led by Warburg Pincus yesterday that increased its valuation to more than $1bn.
The round included GV, Sony Innovation Fund by IGV and Swisscom Ventures, respective vehicles for conglomerate Alphabet, consumer electronics group Sony and telecoms firm Swisscom. Energy management and automation equipment manufacturer Schneider Electric also invested.
NGP Capital, the venture capital…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
