What Happened To Scan App After Shark Tank?

Scan App is a smartphone app featured in episode 507 of Season 5 of Shark Tank.

Since it appeared on the show, you might be curious about Scan App Shark Tank Update. Here is what we found:

What Is Scan App?

Scan is a mobile application development company situated in the Utah city of Provo in the United States.

Scan App is a company that develops goods and services for scannable things such as QR codes.

Physical codes, for example, QR codes and near-field communications (NFC), and machine-readable pictures, can be scanned using Scan’s products, which are smartphone applications.

Scan App Shark Tank Update

Scan’s website says users can create Scan App QR codes and targeted codes that link to destinations such as social networking accounts, websites, and personal pages.

The company focussed largely on creating mobile and online solutions that would allow businesses and smartphone users to take advantage of mobile payment technology more straightforwardly and easily.

Company NameScan
EntrepreneurGarrett Gee
Product / BusinessBarcode scanner and QR reader app
Investment Asking For$1,000,000 for 5% equity in Scan App
Final DealNo Deal
SharkNo Shark
Episode Season 5 Episode 4
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Scan App?

Garrett Gee, Ben Turley, and Kirk Ouimet are the founders of Scan App.

Garrett Gee, who founded Scan, came up with the idea when he received a smartphone for Christmas in 2009 and scanned a QR code.

He wished to develop better tools for the web and mobile for working with QR codes.

Gee wanted the assistance of fellow students Kirk Ouimet and Ben Turley to establish a company and launch the first iOS app in a student competition at Brigham Young University (BYU), where they placed second.

When Gee was still attending BYU, the trio approached investors and raised money.

Scan App has reached a milestone of 10 million iOS, and Android downloads in all 77 countries, and one million iOS installs three months after its launch.

Approximately 25 million scans were downloaded by the end of 2012, and an average of 27 million scans were downloaded each month.

Scan App Before Shark Tank

Garrett Gee launched a scan App because he hoped to make an App that would be one of the top ten most downloaded apps in the apple store.

Garrett first encountered QR (quick response) codes in 2009 when he spotted one on a package and scanned it.

Although he appreciated the technology, he thought it might be better, so he improved it in collaboration with his classmates Kirk Ouimet and Ben Turley.

First, Garrett and his students acquired the domain name scan.me, which has become increasingly popular in recent months.

Garrett required money, just like any other firm hoping to expand. However, unlike many other entrepreneurs who applied to be on Shark Tank, Garrett actively sought investors before even applying to the show.

Garrett received more than $8 million from investors such as Google Ventures before being on the show shows his ability to come up with a brilliant idea and execute it successfully.

Garrett realized that these investors were offering so much more than just money, and he realized that he would be receiving a substantial return from the small amount of equity he granted them.

Garrett applied to Shark Tank with the mindset of continuing to grow and was accepted for season five.

How Was The Shark Tank Pitch Of Scan App?

Garrett appeared on Shark Tank seeking an investment of $1 million for a 5% equity in Scan App.

Final Deal: No deal between Sharks and Scan App.

What Happened To Scan App After Shark Tank?

Scan App continues to grow despite the Sharks’ concerns and that the company did not receive investment.

The company currently has two free products: “QR Code Reader” available on Google Play and “Scan,” which can be purchased on the App Store.

The Shark Tank Effect, which fueled the growth of Garrett and all the other firms on the show, enabled viewers to scan the QR code while watching the show on TV!

Businesses can still produce QR codes by visiting the Scan website. However, Mark’s statement may be correct since the website and Scan’s social media accounts have not been updated for a long time.

Garrett exhibits all the qualities necessary to be a successful entrepreneur, especially at a firm with fierce competition.

Even without any secret information, he and his friends could still obtain cash and identify problems that the competition had overlooked, which required good judgment and risk management.

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Garrett’s company had remained successful only because of his talents and dedication, especially when considering how young he was when he started the company.

The “QR Code Reader” App and the “Scan” App are both available for download in the App Store, charging a fee. If you wish to incorporate QR codes into your product, you can visit the Scan.me website.

Scan App Shark Tank Update

Scan App’s popularity exploded after Garret Gee appeared on Shark Tank.

Scan is a company that develops goods and services relating to things that can be scanned, such as QR codes.

Scan’s products include mobile programs that end users install on their handheld devices to read various physical codes, including QR codes, NFC tags, and machine-readable pictures.

The website for Scan enables users to generate QR codes and targeted codes that link to specific locations on the internet, such as social network profiles, websites, and personal pages hosted on the Scan platform.

Seed funding for $1.7 million has been secured by Scan by the end of June 2013.

The enterprise initially distributed its iOS application in February 2011, and by the end of the following year, it had had more than one million downloads. The application had been downloaded 10 million times after a year and a half of availability.

Scan announced 25 million downloads on the iOS and Android platforms by December 2012.

Scan App Shark Tank Update

Snapchat purchased Scan, Inc. for $54 million in December 2014, according to the company’s official statement.

Is Scan App Still In Business?

The Bucket List Family shows how Gee dropped out of college and saved his newfound wealth before holding a garage sale in which he and his wife sold everything they owned, including automobiles, furniture, and clothing. 

Gee was also a successful businessman with his wife. Their savings and the $45,000 they received from the transaction have allowed them to tour the world on a budget with their three children.

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After traveling worldwide for three years, the Gee family has announced their return to Hawaii.

What Is the Net Worth Of Scan App?

The net worth of Scan App was $20 million when it appeared on Shark Tank.

The net worth of Scan App was $54 million when it was acquired by Snapchat in 2014.

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