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Zoom Systems Raises $6.3 Million in First Round

Authored by Mark Hefflinger on October 13, 2004 - 10:55am.
San Francisco -- Zoom Systems, a San Francisco-based maker of automated retail systems used in hotels, airports, retail locations and campuses, said on Tuesday that it has landed $6.3 million in its first round of venture capital financing, led by Menlo Park-based Sierra Ventures. All of the company's current investors and board members also participated. "We are excited about Zoom because we believe that Zoom's new channel can change retail consumer behavior just like ATMs and Internet e-commerce," said Jeff Loomans, a venture partner with Sierra Ventures. Zoom makes stand-alone retail stores with more than 100 products, where consumers select items via an interactive touch screen. Each shop is centrally controlled using a network management system that constantly provides sales, inventory and operational data.
http://www.zoomsystems.com/home.html
http://biz.yahoo.com/bw/041012/125403_1.html
tags: VC | Zoom Systems | First Round |



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