Scanntech raises $180 million in Series F funding

FinSMEs reports Scanntech raised $180 million in Series F financing, led by L Catterton and Partners Group. The company intends to use the growth capital to expand across Latin America, advance its analytics and AI capabilities, and broaden its product suite. Its platform uses point-of-sale transaction data to provide market intelligence to retailers, consumer goods companies and distributors. RuntimeWire, citing Brazil Journal, reports an unconfirmed estimate that roughly half the transaction involves existing shareholders selling shares.