News Brief

Scanbuy Lands $5 Million In Funding

Mobile barcode technology company Scanbuy has raised another $5 million from Motorola Solutions Venture Capital, Hudson Ventures and current private investors. To date, Scanbuy has raised about $26.5 million. The heart of the company's offering is the ScanLife mobile app, now loaded on more than 35 million devices and generating millions of 2D and 1D barcode scans each month. The average active user scans 3 to 5 times a month.

New York-based Scanbuy has struck recent partnerships with major brands, such as Home Depot, Miller/Coors and Bloomingdale's, and boasts 10,000 business accounts overall. It has also expanded internationally into markets including France, Mexico and the U.K.--Mark Walsh

Tags: mobile
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