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§ Private Profile · Troy, MI, USA
Vending tech provider retrofitting machines with touchscreen devices and telemetry for cashless payments and inventory tracking.
AIRVEND is a Provo, Utah-based technology enterprise that develops interactive touchscreen devices and telemetry systems specifically designed to retrofit traditional commercial vending machines. The organization operates a business-to-business model combining hardware sales with recurring software-as-a-service fees to facilitate cashless payments, display product nutritional information, and provide operators with real-time inventory tracking. The platform primarily serves vending machine operators, unattended retail businesses, and corporate breakroom service providers seeking to modernize their legacy equipment. In December 2014, the business was acquired by 365 Retail Markets, a prominent micro-market technology provider led by chief executive officer Joe Hessling. Following this strategic transaction, the startup integrated its payment processing solutions into the acquirer's broader suite of unattended retail services, though specific standalone revenue figures and valuation metrics were not publicly disclosed. AIRVEND was originally founded in 2012 by Lance Ellsworth.
AIRVEND has raised $1.2M across 1 funding round.
AIRVEND has raised $1.2M in total across 1 funding round.
AIRVEND has raised $1.2M across 1 funding round. Most recently, it raised $1.2M Seed in January 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 2, 2014 | $1.2M Seed | 365 Retail Markets | Ps27 Ventures | Announced |
AIRVEND has raised $1.2M in total across 1 funding round.
AIRVEND's investors include 365 Retail Markets, PS27 Ventures.