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Scan Closes $1.7 Million Seed Funding

By TechTaffy Desk

[Techtaffy Newsdesk]

Mobile technology company Scan has received $1.7 million in seed funding. 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, and Ludlow Ventures. Scan’s angel investors include Ariel Poler, Naval Ravikant of AngelPool, Jim Pallotta of Raptor Group and Troy Carter.

Scan connects the real world with the digital universe through mobile technologies like QR codes, NFC, image recognition and more.

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

Update: 03-01-12

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