Swiss vending and automation company, Invenda Group, has raised CHF 7 million (approx. $7.59 million) in a funding round, which will support growth in sales and development.

Available in 14 countries, Invenda develops software and hardware for vending machines, smart kiosks and digital signage. The funding round was led by former Emmi CEO Walter Huber and financial specialist Gregor Greber.

Invenda says the funding will bolster confidence among core investors in both its corporate culture and global expansion plans.

“Our goal was to collect 3 million francs by the end of 2021, but now the amount is more than double,” said Invenda’s founder and CEO Jon Brezinski. “We are changing the way customers are engaged, creating smarter ways to manage inventory and maintenance, and using our imaginations to expand the entire industry.”

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