Scanntech has raised $180 million in Series F financing to expand its retail intelligence and data analytics platform across Latin America and invest further in artificial intelligence and product development.
L Catterton led the round. Partners Group later joined as a co-lead through its private equity growth strategy, with Bradesco and SPX also participating. The financing will provide Scanntech with growth capital for geographic expansion, product development, and AI capabilities.
Founded in Uruguay in 1992, Scanntech operates a retail intelligence platform that converts ticket-level point-of-sale transactions into data and analytics for retailers, consumer goods companies, and distributors.
The platform provides real-time information on purchasing behavior and market dynamics, allowing customers to analyze demand, pricing, promotions, assortment, inventory, and product performance.
Scanntech currently operates in Brazil, Mexico, Colombia, Argentina, Peru, Uruguay, and other Latin American markets. The company said its ticket-level dataset captures more than 80% of retail sell-out in the markets where it operates and is based on actual transactions rather than statistical extrapolation.
More than 600 manufacturers work with Scanntech, along with retailers and distributors. The company plans to use its new capital to enhance analytics and AI capabilities, expand its product suite, and enter additional markets and consumer categories.
The investment also brings together investors with different areas of expertise. 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 Scanntech following the transaction.
J.P. Morgan served as sole placement agent. The transaction remains subject to customary closing conditions and regulatory approvals.
“Scanntech has grown by giving retailers and consumer goods companies the clarity to act faster, more efficiently, and with greater confidence. We have built the most granular view of retail in Latin America, and we are only getting started.”
Raul Polakof, Co-Founder And CEO Of Scanntech
“Scanntech captures an exceptionally detailed picture of how consumers across Latin America are shopping and how these behaviors are changing.”
Dirk Donath, Managing Partner At L Catterton Latin America
“Scanntech has built a hard-to-replicate data network and an intelligence platform that delivers tangible value for customers.”
Tiago Andrade, Head Of Private Equity / Growth Equity In Latin America At Partners Group
