Portland Incubator Experiment (PIE) // Portland Incubator Experiment (PIE) 09/01/11 starting 2011-09-01
Key notes: Vendcreen produces touch-swipe vending machines and wirelessly transmits real-time point of sale information for analytics.
Office address: 309 SW 6th Ave, Ste 700, Portland, Oregon, United States
Description: VendScreen personalizes the vending experience while utilizing the intuitive ‘Touch & Swipe’ user interface already familiar to millions of people using smartphones and other touch screen devices every day, so our users gain rich information and interactive services without the hassle of a new learning curve. VendScreen wirelessly delivers nutrition data and advertising to displays mounted on vending machines while collecting real-time, point-of-sale information for analytics tracking. We give users the ability to review nutrition information prior to purchase while providing operators a seamless and automatic system to comply with the new calorie disclosure law. We offer advertisers uncluttered access to a two-way connection with consumers in a manner previously not possible – at the vending machine at the very moment of the purchase decision! VendScreen is a complete vending solution with patents pending on the following: * Device hardware with a one-of-a-kind user interface, which can be installed on new machines or retrofitted onto almost every existing vending machine * Innovative sync technology, which seamlessly keeps data on the device updated with product and inventory information without any user interaction * Cloud-based server with rich data processing Our device and services will add great value to existing and new vending machines, including: * Nutrition information (soon to be required by law) Promotions and advertising * Cashless payment (credit, loyalty and online accounts) Analytical data * DEX data upload for third-party dynamic route scheduling and pre-kitting In short, we equip vending machines with an Android-based smart device, connect it to the Internet wirelessly, then leverage the setup for a variety of applications, which build value for users, operators and advertisers.
http://www.crunchbase.com/organization/vendscreen
$ 64,500,000 over 5 funding rounds.
Exit value: $ 5,600,000
Exit value = $ 5,600,000. (Confidence = )
Date | Name | $ Invested | Crunchbase link |
---|---|---|---|
2016-01-25 | venture | $ 32,000,000 | Detailed data |
2014-01-22 | venture | $ 17,800,000 | Detailed data |
2012-01-01 | venture | $ 6,300,000 | Detailed data |
2012-12-09 | venture | $ 8,400,000 | Detailed data |
2012-01-17 | seed | Detailed data |
Round Date | Round Name | Investor | Crunchbase Link |
---|---|---|---|
2016-01-25 | venture | PIE | Investor Profile |
2016-01-25 | venture | merrickhanna ventures | Investor Profile |
2012-12-09 | venture | merrickhanna ventures | Investor Profile |
2012-01-17 | seed | PIE | Investor Profile |
2012-12-09 | venture | 3x5 Special Opportunity Fund | Investor Profile |
2014-01-22 | venture | merrickhanna ventures | Investor Profile |
2014-01-22 | venture | 3x5 Special Opportunity Fund | Investor Profile |
To update the information on funding or number of employees, please do that directly on Crunchbase.
Created: 18-Dec-2012, 16:59
Last Crunchbase update: 27-Jun-2019, 05:16
Last modified: 04-Mar-2021, 05:16
Country: USA