365 Retail Markets, LLC
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365 Retail Markets, LLC - overview
Established
2008
Location
Troy, MI, US
Primary Industry
Software
About
Based in the US, 365 Retail Markets, LLC provides innovative unattended retail solutions, specializing in micro markets, dining services, and advanced payment systems for various sectors, enhancing workplace dining experiences. 365 Retail Markets, LLC offers self-service retail solutions primarily through micro markets and payment systems. Founded in 2008 in Troy, US, the company has completed 7 deals, with its most recent deal on December 23, 2020, involving a VENTURE DEBT round that raised USD 0. 60 mn.
Total funds raised amount to USD 1. 20 mn. The founders are Daniel Staarmann and Rosa Suárez, with Joe Hessling serving as CEO. In December 2020, Providence Equity Partners acquired a majority stake from McCarthy Capital as part of a recapitalization.
365 Retail Markets specializes in unattended retail solutions, focusing on micro markets, dining services, and advanced payment systems. Their micro markets offer a self-service experience, giving users access to diverse food and beverage options beyond traditional vending. Catering to corporate offices, hospitals, universities, gyms, and hospitality venues, the company operates in over 30 countries, utilizing AI and data analytics to improve customer experiences and operational efficiency. 365 Retail Markets generates revenue through B2B partnerships and direct-to-consumer sales facilitated by its proprietary payment systems.
Revenue primarily comes from flagship products, including micro markets and self-checkout kiosks installed in commercial and institutional settings. Clients enter service-level agreements for ongoing support and maintenance, ensuring the continuous operation of retail solutions, thereby driving the company's market position and revenue growth. The company plans to enhance its product offerings and expand into new markets with a focus on advancing unattended retail solutions. The recent investment from Providence Equity Partners will support product development and customer service enhancements.
This strategic direction aims to accelerate growth and capitalize on opportunities within the unattended retail market.
Current Investors
Providence Equity Partners, M-One Capital, Straylight Capital
Primary Industry
Software
Sub Industries
Hardware, Connectivity Software, Accounting/Finance Software
Website
www.365retailmarkets.com
Verticals
Big Data, Cloud Computing, FinTech, Manufacturing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
365 Retail Markets, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Public to Private | Announced | Cantaloupe, Inc. | - | ||||||||
| Add-on | Completed | Impulsify, Inc. | - | ||||||||
| Add-on | Completed | Kafoodle Limited | - | ||||||||
| Add-on | Completed | Sentry | - | ||||||||
| Add-on, Trade Sale | Completed | Aptus Systems Limited | - |
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