Founder & CEO
Profile summary: MBA in Marketing, Strategy, Technology, Media, Entrepreneurship
Varcode
Varcode offers a low-cost cold chain monitoring solution using its Smart Tag™, which digitally captures temperature excursion data in real-time and stores it in the cloud. This technology addresses the challenges of traditional temperature monitoring by providing clear, cumulative exposure data that is easily accessible via standard scanners or smartphones.
- Clean Technology
- Hardware
- Internet of Things
- Logistics & Supply Chain
Updated 7 months ago
Funding
Raised to date
$7.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 5 rounds
CWCCGS+1$1M · Undisclosed
Announced Nov 2023
Disclosed cumulative: $7.6M
5/5
RoundDateAmountValuationInvestors
Founders
Product
Problem
Maintaining the cold chain for temperature-sensitive goods like food and pharmaceuticals is challenging due to the limitations of traditional temperature monitoring methods. Electronic data loggers are expensive and complex, while color change indicators offer subjective results without data capture. This can lead to spoilage, reduced efficacy, and compliance issues.
Solution
Varcode provides a low-cost, real-time temperature monitoring solution using Smart Tag™ technology. These tags use a food-safe ink and fatty acid compound that dynamically changes the barcode based on cumulative time over temperature. The tags are activated by pulling a tab, and temperature excursions are tracked as the compound fills in the barcode. Scanning the tag with any standard scanner or smartphone provides access to temperature excursion data, location, time, and date via a cloud-based platform.
Target Audience
The primary customers are in the food and beverage and pharmaceutical industries, including manufacturers, producers, 3PL and logistics providers, CPG companies, and those involved in home delivery of temperature-sensitive goods.
Features
- Variable barcode technology that dynamically changes based on temperature and time
- Cumulative temperature exposure windows that are customizable
- Easy scanning with any standard barcode scanner or smartphone
- Real-time tracking and customizable alerts with each scan
- Integration with shipping partners for supply chain visibility
- Cloud-based platform for data access and analysis
- Mobile app available for iOS, Android, and web
- Option for Smart Tag VI™ which includes a visual indicator for easy interpretation