Scan Raises $7 Million In Funding Through AngelList

Posted Oct 9, 2013

Scan is a startup that creates custom QR codes for companies to use as marketing campaigns, such as having people “like” a Page on Facebook or taking a survey.  Scan has raised $7 million in a very unique way.  Scan founder Garrett Gee received a phone call from an investor in London that simply saw his AngelList profile.

?After a 20 minute phone call he was offering me a trip to London to finalize a $5 million investment,? stated Gee in an interview with VentureBeat.

Scan services 175,000 businesses and 500,000 codes being generated using Scan each month.  The mobile app has been downloaded 50 million times.

Scan also announced a feature called Scan To Pay.  This lets retailers create a QR code that is linked to items and prices.  Customers will be able to scan the code and enter a 4 digit pin number to make payments.