About Vendon
Vendon is a company based in Marupe (Latvia) founded in 2008 was acquired by Azkoyen in July 2022.. Vendon has raised $630 thousand across 1 funding round from investors including Azkoyen and BaltCap. The company has 37 employees as of December 31, 2023. Vendon offers products and services including Vendon Cloud, Contactless Payments, Loyalty Platform, and Cash Systems. Vendon operates in a competitive market with competitors including iVend Retail, OneStock, Linx, TIE Kinetix and GoFrugal Technologies, among others.
- Headquarter Marupe, Latvia
- Employees 37 as on 31 Dec, 2023
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vendon
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Annual Revenue
$7.56 M (USD)71as on Dec 31, 2023
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Net Profit
$936.65 K (USD)180as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$630 K (USD)
in 1 rounds
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Latest Funding Round
$630 K (USD), Seed
Jan 09, 2012
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Investors
Azkoyen
& 1 more
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Employee Count
37
as on Dec 31, 2023
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Acquired by
Azkoyen
(Jul 01, 2022)
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Products & Services of Vendon
Vendon offers a comprehensive portfolio of products and services, including Vendon Cloud, Contactless Payments, Loyalty Platform, and Cash Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time machine monitoring and data analysis
Enables diverse payment methods for vending machines
App for rewards and customer loyalty programs
Handles encashment and cash control for machines
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Funding Insights of Vendon
Vendon has successfully raised a total of $630K through 1 strategic funding round. The most recent funding activity was a Seed round of $630 thousand completed in January 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $630,000
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First Round
First Round
(09 Jan 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Seed - Vendon | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vendon
Vendon has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Azkoyen and BaltCap. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed at Baltic and Polish opportunities.
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Founded Year | Domain | Location | |
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Coffee machines are manufactured by Azkoyen in Peralta, Spain.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vendon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vendon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vendon Comparisons
Competitors of Vendon
Vendon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iVend Retail, OneStock, Linx, TIE Kinetix and GoFrugal Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based retail management software is provided for offline stores.
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| domain | founded_year | HQ Location |
Cloud-based tools for omnichannel retail management are offered.
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| domain | founded_year | HQ Location |
Cloud-based ERP and POS solutions are provided for retail segments.
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| domain | founded_year | HQ Location |
SaaS solutions for electronic document exchange are offered.
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| domain | founded_year | HQ Location |
Offers ERP solutions for retail, restaurant, and distribution operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vendon
Frequently Asked Questions about Vendon
When was Vendon founded?
Vendon was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is Vendon located?
Vendon is headquartered in Marupe, Latvia.
Is Vendon a funded company?
Vendon is a funded company, having raised a total of $630K across 1 funding round to date. The company's 1st funding round was a Seed of $630K, raised on Jan 09, 2012.
How many employees does Vendon have?
As of Dec 31, 2023, the latest employee count at Vendon is 37.
What is the annual revenue of Vendon?
Annual revenue of Vendon is $7.56M as on Dec 31, 2023.
What does Vendon do?
Vendon was founded in 2008 in Marupe, Latvia, within the vending management software sector. End-to-end solutions for vending operations are offered, including real-time telemetry updates for machines, automated route generation for refills, and alerts for stock levels to reduce unnecessary visits. Clients such as Pelican Rouge, TopSec, King Coffee Service, ATS, and Vending Land are served through these services.
Who are the top competitors of Vendon?
Vendon's top competitors include Linx, OneStock and StrongPoint.
What products or services does Vendon offer?
Vendon offers Vendon Cloud, Contactless Payments, Loyalty Platform, and Cash Systems.
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