Cantaloupe Systems, founded in 2002 and based in San Francisco, provides a SaaS solution for the vending industry. Installed in individual vending machines, the company’s Seed device monitors transactions and transmits data via cellular networks and the Internet Cloud, enabling operators to know each machine’s inventory without a physical visit. Cantaloupe completed a $12.4M third round of funding and has raised approximately $18.4M since inception. Investors in the round include Foundation Capital and Global Environment Fund. The company will use the proceeds to support its growth plan, including investments in research and development, launching new products such as Seed Cashless and Seed Enterprise, exploring acquisition opportunities, and hiring talented professionals. Cantaloupe was founded by Mandeep Arora and Anant Agrawal.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2010