Retail

Upmeals names board members, launches $5M funding round

Byron Mayberry, Roshni Sarath and Drew Munro have found success with a smart vending machine offering fresh, healthy meals. Photo courtesy of Upmeals.

June 4, 2021

Upmeals, a Vancouver, British Columbia based fresh and sustainable vending machine solution, has named three board members and the beginning of its private placement financing, according to a press release. Joining the board of directors are Kevin Ma, Margaret Chisholm and Mark Rutherglen.

Ma, a partner at Calibre Capital Corp., a private merchant bank and advisory firm, has been appointed chair of the audit committee.

Chisholm, a veteran chef and culinary author, has been appointed chair of the compensation committee.

Rutherglen, a veteran in food franchising and logistics, joins the board as a director and advisor.

In addition, the company has kicked off a $5 million private placement funding round. The proceeds will be used to expand the business in Canada and internationally.