# Cantaloupe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cantaloupe

- Industry: Software
- Headquarters: Malvern, US
- Website: www.cantaloupe.com/
- Total disclosed funding: $21M
- Latest round: Series C (Jan 23, 2015)
- Investors on record: 2

## About

Cantaloupe, Inc. is a US-based company providing financial technology solutions to enhance self-service retail experiences, focusing on digital payments and operational optimization.Founded in 2002 and headquartered in Malvern, Pennsylvania, Cantaloupe, Inc. specializes in providing innovative solutions for self-service retail. The company has undergone strategic shifts in business operations to focus on digital payment solutions. It has raised USD 85.00 mn through multiple funding rounds, with the latest being an Add-on round on June 15, 2025, where 365 Retail Markets, LLC agreed to acquire Cantaloupe for USD 848.00 mn in a public-to-private deal. The founder's history is not disclosed in the available information.Cantaloupe, Inc. offers a comprehensive suite of innovative solutions designed to enhance self-service retail experiences. Their all-in-one platform enables businesses to accept digital payments, engage consumers, and optimize operations through advanced vending management software. Their flagship products include cashless card readers, self-service kiosks, smart coolers, and handheld point-of-sale (POS) devices, serving over 31,000 customers globally across various industries such as retail, hospitality, and entertainment.In 2024, Cantaloupe, Inc. generated revenue of USD 268.60 mn, alongside an EBITDA of USD 26.50 mn. Their revenue model includes subscription services and product sales, with flexible pricing options enabling clients to access necessary hardware and software without upfront costs.Cantaloupe plans to leverage its acquisition by 365 Retail Markets, LLC to broaden its service offerings and enhance market penetration. The company is expected to launch new products designed to improve customer engagement and operational efficiency. Additionally, it aims to expand into European and Asian markets by 2026, utilizing the funds from the recent acquisition to support these growth initiatives.

## Funding rounds

- Series C, Jan 23, 2015, $4M — Foundation Capital
- Series C, Apr 27, 2010, $12M — Foundation Capital, Global Environment Fund
- Series B, Dec 1, 2005, $5M — Global Environment Fund

## Investors

- Global Environment Fund (https://capitalatlas.ai/funds/global-environment-fund) — Series B, Series C
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series C