AirVend
Latest round
- Seed
Last raised
- Dec 2013
Total raised
- $1.2M
Investors
- 2
About AirVend
AirVend, founded in 2012 and headquartered in Provo, US, focuses on unattended retail solutions. In February 2015, it was acquired by 365 Retail Markets, further enhancing their product offerings.365 Retail Markets specializes in unattended retail solutions, primarily offering products such as micro markets, smart vending machines, and self-service kiosks. These solutions are designed to enhance workplace dining options, promote collaboration, and improve productivity in various environments, including corporate offices, hospitals, universities, and fitness centers. Their micro market systems provide a controlled-access environment where employees can select from a wide range of fresh food and beverage options, significantly expanding beyond traditional vending offerings. The company's ecosystem integrates hardware, software, and payment systems, allowing seamless transactions and real-time data insights for operators.365 Retail Markets generates revenue through a mix of direct sales and service agreements with clients, leveraging a comprehensive subscription-based model for its software and hardware solutions. Their transactions typically involve partnerships with corporate clients that implement micro markets or vending solutions in their facilities, allowing employees to make purchases using their proprietary payment systems. The company’s flagship products, such as the 365Pay platform and various smart vending hardware options, enable frictionless transactions for end users and provide valuable sales analytics to operators. Clients benefit from ongoing support and training services, ensuring they can optimize their retail operations and respond to consumer trends effectively.365 Retail Markets aims to expand its product line with new smart vending machines and enhanced software solutions, with launches targeted for late 2024. The company plans to enter additional markets in South America and Asia by the end of 2025.20 mn will be allocated towards product development and market expansion initiatives. In February 2015, 365 Retail Markets acquired AirVend, indicating strategic growth and integration efforts.
Who invested in AirVend
2 investors across 1 round
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Funding rounds
Seed
Dec 31, 2013
Amount
$1.2M
Investors
Questions about AirVend
Who invested in AirVend?
AirVend has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AirVend raised?
AirVend has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did AirVend last raise money?
AirVend's most recent round on record is a Seed, in Dec 2013.
What does AirVend do?
AirVend, founded in 2012 and headquartered in Provo, US, focuses on unattended retail solutions.
Where is AirVend headquartered?
AirVend is headquartered in Provo, US.
Which VCs invest in companies like AirVend?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at AirVend's stage. Their profiles are linked below.
VCs backing hardware startups at Seed
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