About Scan
Scan is a company based in San Francisco (United States) founded in 2010 was acquired by Snapchat in December 2014.. Scan has raised $8.7 million across 2 funding rounds from investors including Snapchat, Social Capital and Menlo Ventures. Scan operates in a competitive market with competitors including S⁴Capital, Townsquare Media, Advantage Solutions, Prophet and Tinuiti, among others.
- Headquarter San Francisco, United States
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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Software Development Team
266 people
Leadership Team
31 people
Senior Team
31 people
Legal and Compliance
29 people
Human Resources and Administration
25 people
Creative and Marketing Team
24 people
Sales and Marketing
22 people
Finance and Accounting
20 people
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Funding Insights of Scan
Scan has successfully raised a total of $8.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in October 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.0M
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First Round
First Round
(23 Feb 2012)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Series A - Scan | Valuation | Entree Capital | |
| Feb, 2012 | Amount | Seed - Scan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Scan
Scan has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Snapchat, Social Capital and Menlo Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Investments are directed toward pre-seed to Series C technology companies.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Scan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Scan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scan Comparisons
Competitors of Scan
Scan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as S⁴Capital, Townsquare Media, Advantage Solutions, Prophet and Tinuiti, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital advertising and content marketing services are provided globally.
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Media Company focused on radio broadcasting, live events, marketing solutions
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Consumer packaged goods sales and digital marketing services are provided.
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Brand and marketing consulting solutions provider
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Digital marketing services including paid search and e-commerce are provided.
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| domain | founded_year | HQ Location |
Digital marketing, advertising, and IT services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Scan
When was Scan founded?
Scan was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Scan located?
Scan is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Scan a funded company?
Scan is a funded company, having raised a total of $8.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.7M, raised on Feb 23, 2012.
What does Scan do?
Scan was founded in 2010 in San Francisco, United States, focusing on mobile technology for marketing. Apps for iOS, Android, and Windows enable QR code creation and barcode scanning from various devices. Targeted codes are produced to connect with social networks and websites. Analytics track scan volumes, timing, locations, and audience interactions. Revenue derives from ads tied to 1D barcode scans directing to affiliates. Acquisition by Snapchat occurred in 2014.
Who are the top competitors of Scan?
Scan's top competitors include S⁴Capital, Townsquare Media and Tinuiti.
Who are Scan's investors?
Scan has 8 investors. Key investors include Snapchat, Social Capital, Menlo Ventures, Entree Capital, and CRV.