Automated retail tech startup Invenda Group bags $7.59m in funding
Invenda Group has closed a $7.59 million funding round and expanded its board of directors.
The Switzerland-based company, which was founded in 2017, develops software and hardware for vending machines, smart kiosks and digital signage, and is active in 14 countries.
The news comes after the close of US deals with long time client Mars Wrigley and with the Houston Astros’ Minute Maid Park (other clients include Coca-Cola and Lindt & Sprüngli).
"Our goal was to collect three million francs by the end of 2021, but now the amount is more than double. This confirms we are on the right track with Invenda and that our backers believe in the future of automated retail," says Founder and CEO Jon Brezinski.
“We are changing the way customers are engaged, creating smarter ways to manage inventory and maintenance, and using our imaginations to expand the entire industry.”
The round was led by the former Emmi CEO and Head of M-Industry at Migros Walter Huber, and financial specialist Gregor Greber, who will both join Invenda’s board.
Philippe Gaydoul of the Gaydoul Group and former CEO of Denner also participated, with the cash being used for growth in sales and development.
"I am fully convinced of Invenda's technical approach and look forward to seeing the highly qualified and dynamic team grow and achieve great things," says Huber.
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