Auckland’s Vend taps Peter Thiel and others for US$20 mln to fund growth

Wed, 26 Mar 2014

March 26 (BusinessDesk) – Vend, which sells online point-of-sale software, raised US$20 million from investors including PayPal founder Peter Thiel to help fund its expansion in North America and Europe. Auckland-based Vend, which counts Trade Me founder Sam Morgan among its shareholders, said Thiel’s Valar Ventures and Australia’s Square Peg Capital led the fund raising. The company previously raised $8 million last May and $3 million between 2011 and 2012. The capital raising extends Thiel’s interests in New Zealand, which include Xero. Ve...

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