Vend

Best Retail Point of Sale Systems

Shareholding: 1.8%*
First Investment: August 2015

Vend provides cloud-based point-of-sale software that includes ecommerce, inventory management, customer loyalty and analytics. It helps retailers large and small manage and grow their businesses. It targets retailers with multiple stores by providing powerful back office, analytics and inventory functions. Vend integrates with a large number of payment providers, has partnerships with Apple and Xero and has over 20,000 stores using its software. Vend has offices in Auckland, Melbourne, London and Toronto. Vend completed its most recent fund-raising round in December 2016. LWCM provided earlier advice with governance and assistance with executive recruitment, but is no longer active in assisting Vend. Vend’s founder, CEO and staff have been active in LWCM founder sessions.

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*Fully diluted shareholding after accounting for employee options