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Scantrust has raised $4.0M across 1 funding round.
Scantrust has raised $4.0M in total across 1 funding round.
ScanTrust is a Swiss technology company founded in 2014 that builds an enterprise SaaS platform using patented secure QR codes to combat counterfeiting, enable product traceability, and drive consumer engagement for global brands.[1][3][4] It serves industries like luxury goods, food and beverages, pharmaceuticals, agrochemicals, and industrial products by providing copy-proof QR codes printed on packaging, which connect physical goods to the cloud for authentication, supply chain monitoring, and data analytics via mobile scans.[1][2][5] The platform solves critical problems such as product fakes, supply chain opacity, and regulatory compliance through features like real-time counterfeit alerts, blockchain integration, and workflow apps for end-to-end traceability, with over 140 million active codes deployed in 130+ countries.[2][3][6] Growth momentum includes partnerships with Hyperledger, SAP, HP Indigo, and clients like Cambio Coffee, plus expansions like Scantrust Pro for scalable QR management.[2][4][7]
ScanTrust was founded in 2014 in Lausanne, Switzerland, by CEO Nathan J. Anderson and a team focused on Internet of Things (IoT) solutions for product identification.[1][3][4] The idea emerged from the need to address rampant counterfeiting without requiring special inks, materials, or printing changes—leveraging a patented "secure graphic" embedded in QR codes that degrades when photocopied, ensuring scannability only for originals (US Patent No. 9594993 B2).[2][4] Early traction came from global rollouts with Fortune 500 brands, amassing 140+ million active codes across 130 countries, supported by offices in Shanghai, Singapore, Berlin, Kyiv, Amsterdam, Bangkok, Santiago, and Buenos Aires.[2] Pivotal moments include 2017's fiscal stamp for Argentina's National Seeds Institute, 2018 Hyperledger partnership for blockchain traceability, 2019 deals with NEN and HP Indigo, and 2020 SAP integration for end-to-end solutions.[4]
ScanTrust rides the connected products and digital trust wave, fueled by IoT, blockchain, and smartphone ubiquity, enabling physical goods to gain unique cloud identities for traceability amid rising counterfeiting (e.g., luxury, pharma, food).[1][3][4] Timing aligns with post-COVID supply chain complexities, ethical sourcing demands, and regulations like digital product passports or fiscal stamps, where consumers expect transparency via scans.[2][3] Market forces favoring it include explosive QR adoption (no special hardware needed), blockchain for immutable data, and analytics from scan data turning defense (anti-fake) into offense (consumer loyalty, BI).[3][6] It influences the ecosystem by partnering with printers (HP), ERPs (SAP), and standards bodies (NEN), democratizing secure packaging for brands from startups to Fortune 500, while advancing open-source blockchain for transparent trade.[2][4]
ScanTrust is poised to dominate secure QR infrastructure as AI-driven analytics and regulations amplify traceability needs, with Scantrust Pro accelerating SMB adoption and blockchain deepening trust layers.[5][7] Trends like AR-enhanced scans, global digital labeling mandates, and climate-linked supply chains will shape its path, potentially expanding to carbon tracking or AI counterfeit prediction. Its influence may evolve from niche anti-counterfeit to essential IoT backbone, empowering brands to turn packaging into engagement engines—reinforcing its founding promise of trust at your fingertips.[2][3]
Scantrust has raised $4.0M in total across 1 funding round.
Scantrust's investors include Future Energy Ventures.
Scantrust has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Series A in November 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2017 | $4.0M Series A | Future Energy Ventures |
