Zoom takes in $20M for high-end vending machines
Zoom Systems, the San Francisco-based provider of luxury-good vending machines, just brought in $20 million in fifth-round funding to increase its market presence in the U.S. and Japan. You may have already spotted its machines (termed “automated retail stores”) in airports and shopping malls. By and large, they sell major electronics from companies like Apple and Sony, and other swanky tech goods like Rosetta Stone language-learning software.
The concept started as a vehicle for marketing Motorola… Continue Reading
Zoom raises $35M in VC for….vending machines?
Zoom Systems, the San Francisco start-up that sells electronics and other accessories in vending machines in airports and hotels, said it it has raised $35 million more in a fourth round of venture backing. The company has now raised a whopping $63.3 million.
You’ve probably seen the machines around. The technology isn’t remarkable. This is more a block-and-tackle execution play than high-risk tech play, and so isn’t your typical venture capital investment.
This latest round of capital… Continue Reading