Vend Limited

Based in New Zealand, Vend Limited operates as a retail management platform that enhances operational efficiency for businesses through its innovative solutions. Vend Limited, founded in 2010 and headquartered in Auckland, New Zealand, specializes in retail management software. The company has undergone a business transformation and is now known as Lightspeed Retail. The firm was co-founded by Molly Curtis, and Nikola Marjanovic currently serves as CEO.

Vend Limited has successfully raised a total of USD 13. 00 mn through various funding rounds, with the latest being an Add-on Trade Sale in which Lightspeed Commerce Inc. was the lead investor, providing USD 204. 70 mn.

Vend, now operating as Lightspeed Retail, offers an integrated retail management platform that includes a point-of-sale (POS) system, inventory management tools, eCommerce solutions, and marketing programs. These services enable retailers to efficiently manage sales and customer interactions across physical and online channels in diverse markets such as North America, Europe, Australia, and Asia. In the most recent fiscal year 2023, Vend Limited reported a revenue of USD 44. 78 mn, while experiencing an EBITDA of USD -45.

26 mn. Looking ahead, Vend Limited aims to introduce new product features designed for enhanced user engagement and operational capabilities. The company is planning to expand its reach into new markets across Asia and South America by late 2024. The recent raise of an undisclosed amount of venture funding from Folklore Ventures will support these initiatives, focusing on product development and market penetration strategies.