AirVend develops vending-machine-mounted, cashless touchscreen devices that are wirelessly connected to provide digital nutrition labels, remote inventory management, error reporting, and credit card and NFC payment options. The product is designed to help operators comply with an impending law requiring vending machines to display calorie information. The company was founded in April 2012 by CEO Chad Francis and EVP of Business Development Lance Ellsworth and is based in Provo, Utah. AirVend raised seed funding to support its commercial efforts. The company intends to use the funds to accelerate production of its devices and expand deployment with operators.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2014