NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — Invenda Group AG, the leader in next-generation automated retail, today announced a $19 million Series B funding round led by global investor Point Break Capital Management, LLC – the anchor investor of successful startups including On Holding AG and Trumid, with the participation of existing companies Investor Mutschler Ventures AG. The new capital will support continued development of the Invenda platform’s cloud-based solutions that completely reinvent self-service point-of-sale (POS) devices, as well as commercial and geographic expansion in the United States.

Founded in 2017, Invenda’s award-winning proprietary operating system InvendaOS leverages IoT, cloud technology and AI to maximize ROI for the automated retail industry, which includes vending machines, smart refrigerators and micromarket kiosks. The company is uniquely positioned to continue accelerating this fast-growing $18 billion industry by leveraging these machines to unlock the $41 billion Digital Out of Home (DOOH) advertising industry. The Invenda Platform’s full suite of software solutions – Invenda Cloud, InvendaOS, Invenda Wallet – lays the foundation for the Internet of Retail (IoR), a new era of automated retail where sophisticated software and hardware are connected to create curated, to promote measurable customer experiences in the real world.

“Self-service POS devices are the sleeping giant of the retail industry, and we figured out how to wake them up,” said Jon Brezinski, CEO and founder of Invenda. “Our end-to-end digital solutions transform an idle, undervalued outlet into a channel with outsized ROI and advertising potential, while opening the door to immense possibilities for truly engaging, entertaining consumer experiences. This new investment will help us fulfill our mission to push the boundaries of automated retail and increase its value for operators, brands and their customers.”

Invenda currently operates thousands of self-service POS devices worldwide and promotes…