Invenda Group Raises $19M in Series B Funding

Invenga Group

Invenda Group, an Alpnach, Switzerland-based automated retail company, raised $19M in Series B funding.

The round was led by Point Break Capital Management, On Holding, and Trumid, with participation from existing investor Mutschler Ventures.

The company intends to use the funds for continued development of its cloud-based solutions that completely reimagine self-service point-of-sale (POS) devices, as well as commercial and geographic expansion in the United States.

Founded in 2017 by CEO Jon Brezinski, Founded in 2017, Invenda provides a proprietary operating system, InvendaOS, which leverages IoT, cloud technology, and AI to maximize ROI for the automated retail industry which encompasses vending machines, smart fridges, and micro market kiosks. The full suite of software solutions – Invenda Cloud, InvendaOS, Invenda Wallet – lay the foundation for the Internet of Retail (IoR), a new era in automated retail where software and hardware connect to drive curated, measurable customer experiences in the real world.

The company has offices and showrooms in London, Berlin, Stockholm, Novi Sad, Hong Kong and a new US office and showroom to be opened in 2023. It is partnered with Microsoft and Intel, with existing clients including Mars Wrigley, Coca-Cola, Selecta, and Valora.

FinSMEs

14/03/2023