Vend raises $2 million in funding

Point Nine Capital invests again in the New Zealand POS provider

Cloud-based point-of-sale (POS) provider Vend has announced it has raised $2 million in a funding round led by Point Nine Capital.

Point Nine is a German venture capital firm with experience investing in cloud-based services, including the popular helpdesk software Zendesk.

Update: Point Nine led Vend’s previous funding round in August of last year. That deal saw Point Nine become a major shareholder in Vend, with 8.3 percent of shares, according to documents filed by Vend to the Companies Office.

“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,” says Christoph Janz, managing partner at Point Nine.

“Vend is going to improve the life of hundreds of thousands of people working in retail.”

In February Vend CEO and founder Vaughan Rowsell talked to Computerworld about building his startup and the 18-month journey towards creating the Vend team.

Rowsell said the funding round in August last year helped the company establish a sales presence in San Fransisco, where Vend has one sales manager.

At the time Rowsell indicated he planned to expand the sales and customer services side of Vend, especially in support of its overseas growth.

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