QR Code Company Scan Raises $1.7M Seed Round

San Francisco-based Scan Inc., maker of the popular QR code reader app for iOS, has raised a $1.7 million seed round led by Menlo Ventures. Other investors include Google VenturesCharles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures.


Scan Closes $1.7 Million Seed Funding Led by Menlo Ventures; Launches Scan Pages

Scan allows businesses and individuals to quickly and easily create and share mobile profiles

SAN FRANCISCO, February 23, 2012 — Scan, Inc. (www.scan.me) today announced its $1.7 million in seed funding from top venture capital firms and notable angel investors. Scan connects the real world with the digital universe through mobile technologies like QR codes, NFC, image recognition and more.  Menlo Ventures led the round, with venture capital participation from Google Ventures, Charles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership, Transmedia Capital, Ludlow Ventures. Scan’s angel investors include Ariel Poler, Naval Ravikant of AngelPool, Jim Pallotta of Raptor Group and Troy Carter.

In less than a year since the release of its app, Scan has seen more than 10 million downloads from the App Store and Android Marketplace and is currently being used in more than 77 countries around the world. Scan will use the new funding for hiring, as well as product and market development.

Introducing Scan Pages

In addition to the funding, today Scan announced it is taking QR codes to the next level with the introduction of Scan Pages, user-friendly mobile websites accessible via custom QR code or short URL. Scan Pages give businesses and individuals the opportunity to quickly and easily create a mobile profile. Scan Pages bring together everything a business wants to share with its audience in one place including branding, social media, videos, blogs, other valuable content and calls to action. Scan also provides insights into how many times a QR code has been scanned, from where, and other useful statistics for businesses interested in learning about the overall effectiveness of marketing and branding campaigns.

Companies already using Scan Pages to engage with customers and fans include Barneys New York, Kroeger’s, Lady Gaga, People Water and others.

“QR codes and other mobile technologies have always had enormous potential, but until now they have been held back by poor experiences and incomplete products,” said Garrett Gee, CEO and co-founder of Scan. “Scan fulfills the promise of these technologies by creating direct connections and valuable information exchange between businesses and consumers.”

“Scan changes the way we interact in the world via our mobile devices by creating a two way conversation,” said Shervin Pishevar of Menlo Ventures. “Scan re-imagines the QR code; with actions like Scan to Like, Scan to Check-In and Scan to Follow, businesses instantly connect with their customers and create a meaningful interaction.”

Additional Information

About Scan, Inc.

Founded in 2011 by college friends Garrett Gee, Kirk Ouimet, and Ben Turley, Scan started with a mission to create a better mobile experience for brands and their customers. In turn, Scan team built the fastest growing QR code reader in the Apple App Store, with more than 10 million downloads to date. Investors in Scan are some of the best known venture capitalists and angels in Silicon Valley, including Google Ventures, Menlo Ventures, Charles River Ventures, Yuri Milner’s Start Fund, Social + Capital Partnership and Ariel Poler.

Scan has offices in San Francisco, CA and Provo, UT. For more information about the company: http://www.scan.me.