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Scancam co-founder Eoin Byrne. Photo: Attila Csaszar

Scancam taps investors for $1.2m

North Perth-based tech company Scancam has raised $1.2 million from investors as it seeks to expand sales of its anti-fuel theft technology into new markets.

Co-founded by Perth businessman Eoin Byrne and his venture partner Anthony Schmidt, Scancam raised the funds from some of the same local angel investors that contributed about $500,000 to the company when it formed in 2015.

“We’ve signed (deals) with four of the major fuel retailers and contract negotiations have advanced with a number of majors for a national rollout of our system,” Mr Byrne told Business News.

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