ZoomSystems Gets $20M for Electronics Vending Machines

Authored by Mark Hefflinger on February 10, 2009 - 8:41am.

San Francisco - ZoomSystems, a provider of automated retail vending machines that stock consumer electronics items like MP3 players, announced on Tuesday that it has closed a $20 million, fifth round of financing.

Investors included Sierra Ventures, Goldman Sachs, NeoCarta Ventures, Motorola Ventures and Starfish Ventures.

Founded in 2002, San Francisco-based ZoomSystems now operates a network of over 800 ZoomShops machines in airports and shopping centers in the U.S. and Japan.

Partners include brands such as Apple iPod, Sony, Proactiv, Best Buy, Macy's and Rosetta Stone.

The company, which had previously raised over $82 million, will use the new funds to expand its automated vending machine network domestically and internationally.

http://www.zoomsystems.com