2013, June

Plymouth Venture Partners Fund II Makes Investment In Micro Market Leader 365 Retail Markets

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.

365 Retail Markets On The Future Of Vending Machines

Why365Hero 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.