The round was led by Telescope Partners, with participation from existing investor, Accel. The funding underscores the strong market demand from businesses for Beaconstac's SaaS platform resulting in profitable revenue growth of 200% over the course of 2022.

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.