It’s business time. Vend raises $8 million.
Three piece suits. Espresso coffee from fancy cups. Charts going up. The not-so-subtle placement of a frequent flyer card in the waistcoat pocket.
It can only mean one thing. Yes, it’s business time.
Today we are pleased to announce that Vend has secured a further $8 million of funding to invest in our product, and expand operations in New Zealand, Australia, USA and Europe.
We welcome new investors from Australia, including Craig Winkler, MYOB founder and a cornerstone investor in Xero, and Paul Bassett and Matt Rockman, co-founders of Seek.com.au. In New Zealand, The Milford Active Growth Fund, managed by Brian Gaynor, has joined as a new investor. Further capital has also been raised from existing investors at home and abroad, including Point Nine Capital in Berlin.
“Most of the best innovation in business software today is happening in the move to the cloud. Vend is at the forefront of that move, with tools to help literally millions of small and medium retail businesses serve their customers more efficiently,” says Craig Winkler. “It’s a great investment.”
We wish to thank all our investors for backing us, and the team at Vend, for working incredibly hard toward our goal of building the world’s best retail platform.
Most of all, we would like to thank our thousands of customers worldwide for choosing to run their retail stores on Vend. We will be using this capital on your behalf, with great care, to deliver a better product and better service, in more timezones and, soon, we hope, in your neighbourhood.
So it’s time to get busy. It’s business time.
But don’t worry, the whiteboard may be real but the suits are just for Formal Friday. We’ll continue doing things the Vend way. If you’re curious to know what that looks like, here is a good place to start.
PS, we’re hiring.
About Vaughan Rowsell
Vaughan is the Founder and CEO of Vend. A moustachioed entrepreneur and technologist, Vaughan's goal is to make retailers' lives easier. When he's not leading the team, Vaughan is running marathons and raising his kids (along with his lovely wife, Mel). Connect with Vaughan on Google+.