Beaconstac, the premier QR code customer interaction platform, announced today a $25 million Series A investment round led by Telescope Partners, with current investor Accel participating. The funding demonstrates the high market demand from enterprises for Beaconstac’s SaaS platform, which will result in 200% profitable revenue growth by 2022.
Beaconstac has assisted businesses of all sizes in creating and tracking 1.8 million QR codes, which have been scanned over 150 million times by consumers in the last year. These figures are expected to rise further, with the number of unique US smartphone users scanning a QR code expected to reach 99.5 million by 2025.
This new funding will allow Beaconstac to further develop its market-leading platform, build a world-class team, and eventually enable new and existing customers to use QR codes to create personal connections with a large audience at scale, as well as bridge physical world customer experiences to digital.
Beaconstac is now trusted by huge corporations such as Revlon, Nestle, FedEx, and Marriott, and it is the largest QR code platform on G2, with 20,000 customers expected by September 2022.
Beaconstac now employs 75 people across locations in New York and Bangalore, India, with plans to more than double its employment by 2023.
Beaconstac’s vision is to enable digital connections with every physical object and place on the planet. Our platform makes physical products and places talk directly to consumers through digital content and actions by leveraging smartphone technologies like QR codes.
Over 25,000 businesses and brands in 100+ countries use our Phygital Customer Engagement platform to build direct relationships, grow lifetime revenue, and acquire first-party data in industries ranging from consumer goods, hospitality, retail, and real estate, reaching over 5 million monthly active users.
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