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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.

Meet Ralf Lindackers – VP Of Engineering

ralfAn Engineering Perspective Of MicroMarkets

“In 2011 I met Joseph Hessling, CEO of 365 Retail Markets. I knew minimal about the vending industry, as most of my professional life was spent in automotive product design. Joe had my full attention when he presented me his ideas and vision for the next generation in vending technology.

365 Retail Markets And Avanti Markets Partner To Launch MicroMarket Technology Standard

Apr. 17, 2013TROY, Mich.Responding to the continued growth of MicroMarkets by vending operators, 365 Retail Markets and Avanti Markets have partnered to develop the industry’s first data integration standard. Known as AIM – Access Integration and Management – this standard will allow MicroMarket operators to leverage their existing investment in vending management systems to more efficiently manage their growing base of MicroMarkets.

365 Retail Markets Doubles Workforce, Will Launch Groundbreaking Technology in 2013

PRLog (Press Release) – Feb. 14, 2013 – In response to increased customer demand for highly automated self-checkout solutions, 365 Retail Markets has entered 2013 with 34 employees and plans to roll out game-changing technology at this year’s National Automatic Merchandising Association OneShow in Las Vegas. 365 Retail Markets is building a smarter MicroMarket by integrating feedback from current customers, and responding to needs and trends within the vending and foodservice industries. To accommodate these needs, the newly expanded 365 Retail Markets team is developing new products, services, and enhancements that will be launched throughout 2013.