Invenda Group AG from Alpnach in the canton of Obwalden has successfully closed a Series B financing round and raised 19 million US dollars in the process. According to a press release, the investors included the global investment services firm Point Break Capital Management, LLC and Mutschler Ventures from Baar in the canton of Zug. With this fresh capital injection, the aim is to support the further development of the cloud-based solutions on the Invenda platform in addition to driving the company’s commercial and geographical expansion in the USA.
Invenda offers cloud-supported and AI-enhanced software for the Internet of Things as well as hardware for vending machines and smart refrigerators. Its customers include the North American food group Mars Wrigley.
“Self-service POS devices are the retail industry's sleeping giant and we've figured out how to wake them up”, claims Jon Brezinski, founder and CEO of Invenda, in the press release. “This new investment will help us continue our mission to push the boundaries of automated retail and advance its value for operators, brands, and their customers”, he concludes.
