Vagabond Vending, which operates an expansive integrated communications network of machines, is transforming the vending industry with its intuitive Vending Management Software (VMS), breadth of hardware solutions, and unique financing capabilities. The platform includes web and mobile apps that allow vending businesses to interface directly with their machines in real-time, which allows them to determine best-selling products and what machines need to be serviced- all from the warehouse or while watching their kid's soccer game. Simultaneously, the team can ready trucks for the next day, route them as efficiently as possible, and ensure cash accountability at all times. The end result is a leaner, smarter operation with net profit margins of nearly four times the industry average, according to company sources.
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
06/27/16 | $3,000,000 | Series A |
Blu Venture Investors IrishAngels Middleburg Capital Development | undisclosed |