Vend offers a cloud-based, HTML5 retail POS that processes sales, tracks inventory and manages customers across devices and existing POS hardware; it also works offline. The product integrates with partners such as PayPal, Xero, Stitchlabs, Swarm and SelfPay and supports online platforms like Shopify. Vend powers over 10,000 stores in more than 100 countries. The company has expanded U.S. operations with hires from Intuit/Mint and established a North American support office in Toronto. Vend plans to use new funding to grow its North American market through new partnerships, reseller channels, staff and customers and to accelerate expansion in the U.K. and Europe. Prior financings include NZ$8 million in May 2013 and NZ$3 million raised across 2011–2012. Vend makes dongle-free point-of-sale software that integrates with existing hardware like printers, cash drawers, and barcode scanners. Its cloud-based platform is accessible on Macs, PCs, and iPads and lets businesses manage inventory, monitor and track sales, and view real-time reporting. Customers across fashion, sports, tourism, food and drink, and health and beauty pay a monthly subscription fee. Vend launched in 2010 and now powers payments in 6,500 stores across 100 countries. The company is based in Auckland, New Zealand. It has raised a total of just under $10 million after a new $6.5 million round to expand operations and develop the product.

Total raised

$28M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2014