Web-Based POS provider Vend raises funding from Point Nine Capital and angel investors

Auckland, New Zealand (PRWEB) August 12, 2011

New Zealand based online pos software start-up Vend has secured a significant injection of capital from a European investment consortium led by Point Nine Capital.

The investment will accelerate the company's rapid international growth, expansion of the New Zealand based development team and the opening of a San Francisco sales office.

Vend provides an intuitive and powerful web-based POS (point of sale) software that lets retailers process sales, track inventory, and manage customers. The worlds first HTML5 retail POS, it works on any device or platform, including an iPad, or even existing POS hardware.

Just like Zendesk has revolutionized the customer service industry, Vend wants to bring a revolution to the POS industry and improve the lives of hundreds of thousands of people working in retail, said Point Nine Capital Managing Partner Christoph Janz, an early investor and advisor at Zendesk and several other successful Software-as-a-Service (SaaS) companies.

The setup cost to retailers for a traditional POS system can be astronomical, tens of thousands of dollars and weeks of hassle before theyve even made their first sale, says Vend Founder & CEO Vaughan Rowsell. With Vend, retailers can be up and running in minutes, for a low monthly fee. Plus, its software they actually love to use.

One of Vends competitive strengths is its seamless integration with other popular web software, such as Xero (accounting) and Shopify & Magento (e-commerce), offering retailers a full suite of low-cost, user-friendly tools to manage their business in the cloud.

Vend's user interface is intuitive, smooth, and speedy. Going with a cloud-based POS has allowed us to scale and access our data from any location and smoothly integrate the e-commerce and retail experience, says Travis Becker of Mollusk Surf Shops (New York, San Francisco & LA).

Vend now has thousands of users in more than 80 countries, less than a year after it was launched. Customers range from high street fashion chains to young hip boutiques, mom and pop stores to franchise networks, and are already processing more than $ 10M of sales through Vend each month.

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COMPANY Leaps To Front of Online Art Sellers With Major Seed Funding

New York, NY (PRWEB) August 18, 2011

Silicon Alley-based startup COMPANY a social network for emerging art collectorsonline art market and social content company which also has an offline networking event series and reality cable show debuting in the fall announces their first seed funding of $ 1.6 million. The capital was raised from New York angel investors including the Reen Family Office and Ten Paces Capital Partners.

COMPANY is the only online art market offering collectors of contemporary and emerging art a curated secondary market to sell and exchange artworks from their own collections as well their recently unveiled website expansion offering Limited Edition Prints from the hot young artists exclusively.

The business was launched only this past March and already generating a profit which made for a quick capital raise. In the coming weeks, COMPANY will debut its art rental business modeled on Netflix and AirBNB catering to commercial real estate companies and hotel operators. Then in the fall its new reality show The Collector NYC debuts on cable fully underwritten by sponsors.

According to Founder CJ Follini, This investment is a game changer for online art sales by allowing us to expand our unique offline networking events and digital content creation to become the only enterprise in our space with multi-platform ad and sponsorship offerings.. Most importantly, these proceeds will catapult us into an extremely scalable art rental model for large commercial art consumers.

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