About Varcode
Varcode is a company based in Chicago (United States) founded in 2014 by Yaron Nemet was acquired by Fourmcommercialoperations in February 2025.. Varcode has raised $11.3 million across 6 funding rounds from investors including National Packaging Group and Fourmcommercialoperations. Varcode offers products and services including Smart Tag™, Smart Tag VI™, Scanning Suite, and Management Suite. Varcode operates in a competitive market with competitors including Controlant, Fujian Frozen Online Network Technology, Innominds, TOWER Cold Chain Solutions and Eupry, among others.
- Headquarter Chicago, United States
- Founders Yaron Nemet
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.3 M (USD)
in 6 rounds
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Latest Funding Round
$1.1 M (USD), Series A
Oct 26, 2023
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Investors
National Packaging Group
& 1 more
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Employee Count
Employee Count
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Acquired by
Fourmcommercialoperations
(Feb 21, 2025)
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Products & Services of Varcode
Varcode offers a comprehensive portfolio of products and services, including Smart Tag™, Smart Tag VI™, Scanning Suite, and Management Suite. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tracks temperature excursions for products in supply chains.
Provides visual indicators for cumulative temperature exposure tracking.
Enables scanning and cloud-based data storage for temperature records.
Offers platform for monitoring and optimizing temperature-sensitive logistics.
Funding Insights of Varcode
Varcode has successfully raised a total of $11.3M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.1 million completed in October 2023. 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 6
- Last Round Series A — $1.1M
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First Round
First Round
(25 Oct 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Series A - Varcode | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - Varcode | Valuation | National Packaging Group |
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| Jul, 2022 | Amount | Series A - Varcode | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investors in Varcode
Varcode has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include National Packaging Group and Fourmcommercialoperations. 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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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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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 Varcode
| 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 - Varcode
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Varcode Comparisons
Competitors of Varcode
Varcode 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 Controlant, Fujian Frozen Online Network Technology, Innominds, TOWER Cold Chain Solutions and Eupry, 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 |
Cloud-based visibility is offered for cold chain supply management.
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| domain | founded_year | HQ Location |
B2B frozen food supply chain is enabled via mobile platform.
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| domain | founded_year | HQ Location |
Software, mobile, AI development, and data analytics services are provided.
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| domain | founded_year | HQ Location |
Cold chain monitoring solutions are provided for logistics applications.
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| domain | founded_year | HQ Location |
Provider of web-based temperature logging and monitoring solutions for cold chains
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| domain | founded_year | HQ Location |
Cold-chain visibility solutions are provided for perishables.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Varcode
Frequently Asked Questions about Varcode
When was Varcode founded?
Varcode was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Varcode located?
Varcode is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Varcode a funded company?
Varcode is a funded company, having raised a total of $11.3M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.6M, raised on Oct 25, 2019.
What does Varcode do?
Varcode was founded in 2014 and is headquartered in Chicago, United States. Cloud-based systems for monitoring temperature-sensitive products in cold supply chains are provided, targeting the food and beverages, pharmaceutical, and life sciences sectors. Products such as the FreshCode smart indicator, time-temperature barcode labels, and management platforms are utilized for tracking refrigerated foods, pallets, drugs, and vaccines during storage and transport.
Who are the top competitors of Varcode?
Varcode's top competitors include Controlant, TOWER Cold Chain Solutions and Eupry.
What products or services does Varcode offer?
Varcode offers Smart Tag™, Smart Tag VI™, Scanning Suite, and Management Suite.
Who are Varcode's investors?
Varcode has 2 investors. Key investors include National Packaging Group, and Fourmcommercialoperations.
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