Openscreen, a Toronto, Ontario-based developer-centric API platform for dynamic, tracked, and secure QR Codes, announced that it raised $5 million in Series A funding.

The round was led by CFFI Ventures and Columbus Capital, with additional participation from Canadian family-office venture funds.  

This financing coincides with the commercial launch of Openscreen.com in January 2022 and will provide funding to expand their offering into 5 key industry verticals: Retail, Travel, Healthcare, Real Estate, and Industrial as well as continued development of the Openscreen platform.

Company: Openscreen Inc.

Raised: $5.0M

Round: Series A

Funding Month: February 2022

Lead Investors: CFFI Ventures and Columbus Capital

Additional Investors: Canadian family-office venture funds

Company Website: https://www.openscreen.com/

Software Category: Asset Tracking software

About the Company: Openscreen is the developer-centric API platform for dynamic, tracked, and secure QR Codes, with just a few lines of code, Openscreen empowers businesses to generate smart QR Codes at scale for their enterprise applications. Openscreen extends the "Internet of Things" universe by giving developers a library of robust contactless capabilities to embed into everyday consumer and business applications. Openscreen's cloud manages the lifecycle of your QR Codes, generating and storing QR Codes and scans while driving meaningful insights from every interaction. Reach new markets, digitize workflows, and engage customers with Openscreen's developer-first, contactless engagement platform.

Source: https://www.prnewswire.com/news-releases/openscreen-raises-5m-to-enable-enterprises-to-leverage-smart-qr-codes-301473460.html