QUICK LINKS: Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:  Follow VendingTimes on Twitter 

Bookmark this site



 
Issue Date: Vol. 54, No. 1, January 2014, Posted On: 1/3/2014


AirVend Secures $1.2 Million Seed Funding To Ramp Up Touchscreen Production


Emily Jed
Emily@vendingtimes.net
TAGS: AirVend funding, Air Vend, vending-machine-mounted cashless touchscreen devices, 365 Retail Markets, micro markets, vending machine calorie-labeling rules, vending machine technology, Lance Ellsworth

AirVending PROVO, UT – Technology startup AirVend has secured a $1.2 million round of funding to finance production of its vending-machine-mounted, cashless touchscreen devices.

The interactive AirVend system displays nutritional information, provides cashless options and sends real-time data and alerts wirelessly.

The Series Seed round was led by AirVend's vending industry partner 365 Retail Markets, a maker of micromarkets, and included PS27 Ventures, an investment firm focused on healthy living and wellness initiatives.

AirVend is promoting its solution as a way for operators to comply with mandatory machine calorie-labeling rules that the Food and Drug Administration expects to issue early this year.

"Being able to scale up operations and provide not just a solution for legal compliance [with calorie labeling requirements], but also vast improvements in sales and operational efficiency through the application of smart technology, is a tremendous opportunity for vending operators and us," said Air Vend cofounder Lance Ellsworth.


Topic: Vending Features

Articles:
  • Indiana Vending Council Plans Spring Meet, Operator Appreciation Day: May 15
  • Crane Merchandising Systems Introduces Fit Pick-Branded Merchant Media Machine
  • New York's Servomation Deploys VendScreen Devices, Improving Customer Experiences At Machines
  • Cantaloupe Systems and Isis Team Up for 'Buy-Three-Get-One-Free' On Cashless-Enabled Vending Machines
  • Crane Merchandising Systems Announces Availability of MEI Integrated Bill Validators on Media Machines

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570