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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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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.
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
People of Vendon
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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.
Investors in Vendon
Vendon has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Azkoyen and BaltCap.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed at Baltic and Polish opportunities.
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Coffee machines are manufactured by Azkoyen in Peralta, Spain.
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Investor details for Vendon
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Investments & Acquisitions by Vendon
Investment portfolio details for Vendon
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Financial Statements - Vendon
Detailed financials for Vendon
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Vendon Comparisons
Peer comparison for Vendon
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based retail management software is provided for offline stores.
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Cloud-based tools for omnichannel retail management are offered.
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Cloud-based ERP and POS solutions are provided for retail segments.
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SaaS solutions for electronic document exchange are offered.
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Offers ERP solutions for retail, restaurant, and distribution operations.
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Detailed competitors of Vendon
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Latest news on Vendon
Complete news archive for Vendon
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Frequently Asked Questions about Vendon
Vendon was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Vendon is headquartered in Marupe, Latvia.
Vendon is a funded company, having raised a total of $630K across 1 funding round to date.
As of Dec 31, 2023, the latest employee count at Vendon is 37.
Annual revenue of Vendon is $7.56M as on Dec 31, 2023.
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.
Vendon's top competitors include Linx, OneStock and StrongPoint.
Vendon offers Vendon Cloud, Contactless Payments, Loyalty Platform, and Cash Systems.