Key Takeaways
- • Scanntech raised $180 million in Series F financing led by L Catterton to expand its retail intelligence and data analytics platform across Latin America and invest in artificial intelligence and product development.
- • Partners Group joined as co-lead through its private equity growth strategy, with Bradesco and SPX also participating in the round.
- • Scanntech's ticket-level dataset, based on actual point-of-sale transactions, captures more than 80% of retail sell-out in the markets where it operates, according to the company.
- • The company serves more than 600 manufacturers along with retailers and distributors, and plans to enter additional markets and consumer categories.
- • Warburg Pincus, Endeavor, and the International Finance Corporation will retain stakes after the transaction; J.P. Morgan served as sole placement agent.
Summary
Scanntech has raised $180 million in Series F financing, with L Catterton leading the round, according to the company's announcement. The proceeds will fund geographic expansion, product development, and artificial intelligence capabilities for the Uruguay-founded retail intelligence provider, which was established in 1992.
Partners Group later joined as a co-lead through its private equity growth strategy, and Bradesco and SPX also participated. Scanntech cited L Catterton's consumer investment experience, Partners Group's operational capabilities, and the involvement of financial institutions and existing shareholders as resources for its next stage of development. Warburg Pincus, Endeavor, and the International Finance Corporation will retain stakes in the company following the transaction. J.P. Morgan served as sole placement agent, and the deal remains subject to customary closing conditions and regulatory approvals.
The company's platform converts ticket-level point-of-sale transactions into data and analytics for retailers, consumer goods companies, and distributors. Customers use it to analyze demand, pricing, promotions, assortment, inventory, and product performance, with real-time information on purchasing behavior and market dynamics. Scanntech currently operates in Brazil, Mexico, Colombia, Argentina, Peru, Uruguay, and other Latin American markets. The company says its dataset captures more than 80% of retail sell-out where it operates and is based on actual transactions rather than statistical extrapolation.
More than 600 manufacturers work with Scanntech, alongside retailers and distributors. The company plans to use the new capital to enhance analytics and AI capabilities, expand its product suite, and enter additional markets and consumer categories.
Raul Polakof, co-founder and CEO of Scanntech, said the company has grown by giving retailers and consumer goods companies the clarity to act faster and with greater confidence, adding that it has built "the most granular view of retail in Latin America." Dirk Donath, managing partner at L Catterton Latin America, said the platform captures an exceptionally detailed picture of how consumers across the region are shopping. Tiago Andrade, head of private equity and growth equity in Latin America at Partners Group, described the company's data network as hard to replicate and said its platform delivers tangible value to customers.
Partners Group later joined as a co-lead through its private equity growth strategy, and Bradesco and SPX also participated. Scanntech cited L Catterton's consumer investment experience, Partners Group's operational capabilities, and the involvement of financial institutions and existing shareholders as resources for its next stage of development. Warburg Pincus, Endeavor, and the International Finance Corporation will retain stakes in the company following the transaction. J.P. Morgan served as sole placement agent, and the deal remains subject to customary closing conditions and regulatory approvals.
The company's platform converts ticket-level point-of-sale transactions into data and analytics for retailers, consumer goods companies, and distributors. Customers use it to analyze demand, pricing, promotions, assortment, inventory, and product performance, with real-time information on purchasing behavior and market dynamics. Scanntech currently operates in Brazil, Mexico, Colombia, Argentina, Peru, Uruguay, and other Latin American markets. The company says its dataset captures more than 80% of retail sell-out where it operates and is based on actual transactions rather than statistical extrapolation.
More than 600 manufacturers work with Scanntech, alongside retailers and distributors. The company plans to use the new capital to enhance analytics and AI capabilities, expand its product suite, and enter additional markets and consumer categories.
Raul Polakof, co-founder and CEO of Scanntech, said the company has grown by giving retailers and consumer goods companies the clarity to act faster and with greater confidence, adding that it has built "the most granular view of retail in Latin America." Dirk Donath, managing partner at L Catterton Latin America, said the platform captures an exceptionally detailed picture of how consumers across the region are shopping. Tiago Andrade, head of private equity and growth equity in Latin America at Partners Group, described the company's data network as hard to replicate and said its platform delivers tangible value to customers.
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