15.11.2017 LAUSANNE, SWITZERLAND – ScanTrust, an industry-leading IoT platform for supply chain transparency and secure traceability, announced that it has closed a $4.2 million in Series A financing led by SVC-Ltd, a wholly owned subsidiary of Credit Suisse that invests in innovative SMEs in Switzerland. Zurich-based Helvetica Capital AG acts as the exclusive investment advisor to SVC-Ltd. Other institutional investors joining this round include innogy Ventures (venture arm of innogy SE, one of the Europe’s largest utility companies), MIT alumni venture fund Castor Ventures, ID Capital Pte. (Singapore), the VC fund of Privilège Management SA, as well as existing investor SOSV and other strategic investors in the printing & packaging industry. In addition, Mr. Jürgen Bauer, a highly respected IT entrepreneur, advisor and investor, has joined ScanTrust’s Board of Directors.
ScanTrust raises $4.2 million for QR codes in supply chains