TROY, MI -- 365 Retail Markets
and Kraft Foodservice report that 365's micromarket kiosks can now scan Tassimo Professional
T-Disks, allowing patrons to buy freshly brewed gourmet coffee, along with their other micromarket purchases.
Ann Arbor, MI— Plymouth Management Company (“PMC”) announces its ninth investment from Plymouth Venture Partners Fund II (“PVP II”), leading a financing round in 365 Retail Markets of Troy, Michigan. 365 supplies hardware and software to vending operators who want to replace conventional vending banks with unmanned, small stores (SmartShop or Micro Markets), and is currently in a high growth phase. A 365 SmartShop is a 24/7 unmanned self-checkout retail outlet that can offer fresh food and beverage alternatives at a significant return on investment to vending operators. Micro Markets are quickly showing up in hotels, self-contained professional buildings, hospitals, schools/universities, assisted living facilities, gyms, and manufacturing facilities.
Last month, the Troy, MI-based startup 365 Retail Markets
scored a financing round led by Ann Arbor’s Plymouth Venture Partners
for an undisclosed amount. Plymouth Management Company partner Jeff Barry says the fund was attracted to 365 because of its 300 percent annual growth rate. 365′s CEO, Joe Hessling, expects that explosive growth to continue because he says his company is at the forefront of a sea change in the vending sector.