Hardware

Invenda Group AG raises $19M

Image: Adobe Stock.

March 14, 2023

Invenda Group AG, a Switzerland-based provider of automated retail technology, has raised $19 million in a Series B financing round, led by investor Point Break Capital Management, LLC, with participation from existing investor Mutschler Ventures AG, according to a press release.

The capital will support continued development of the Invenda platform's cloud-based solutions for self-service, point-of-sale devices, as well as commercial and geographic expansion in the U.S.

The company's operating system, InvendaOS, leverages IoT, cloud technology and artificial intelligence to maximize ROI for the automated retail industry, including vending machines, smart fridges and micro market kiosks.