Vend raises $2 million to continue rapid global growth of the world's first HTML5 POS System

Tuesday 22nd May 2012

San Francisco & Auckland based technology start-up Vend has secured a further injection of capital from a global investment consortium led by Point Nine Capital in Europe.

Launched in late 2010, Vend is an award-winning, intuitive, web-based point of sale (HTML5 POS) platform. With over 11,000 registered accounts in more than 80 countries, the company already processes more than 1 million transactions a month, and is set to continue rapid global growth throughout 2012.

“We're blown away by the development of Vend since we first invested in the company about a year ago and we're super-excited to invest again,” said Point Nine Capital Managing Partner Christoph Janz, an early investor and advisor at Zendesk. “Vend is going to improve the life of hundreds of thousands of people working in retail.”

The world's first retail HTML5 POS, Vend lets retailers process sales, track inventory, and manage customers on any device or platform, including an iPad, or even existing POS hardware. Vend has a range of price plans, including a free pos software plan.

Vend is especially popular with independent retailers because, by integrating with a suite of 3rd party apps, it offers a powerful, yet low-cost, small-business solution. Integrations include Shopify hosted ecommerce, Xero accounting, Perkville rewards, and many more.

“We love Vend because it's web-based, our inventory control is much better than before, checkout is a thousand times faster, and our data is safe in the cloud,” said Phurba Gyalzen of Rare Device, San Francisco.

“The demand for Vend in the 18 months since launch has been amazing," said Vaughan Rowsell, CEO and founder of Vend. "Retailers all around the world are falling in love with online POS. This additional round of funding allows us to to scale our team to meet the demand, keep disrupting the space with new innovation and develop some exciting new global partnerships.”

Media enquiries:
Vaughan Rowsell, CEO