NEWS | Industry Updates
Boost inc closes €16m Series B round to accelerate international growth in unattended retail
new international markets, expanding the product portfolio, and deepening its technology capabilities. Direttissima Growth Partners led the Series B round, joined by Capmont Technology, existing investor Kineo Finance via its growth equity fund Kineo Capital, and other investment with strategic guidance and international expertise. Boost inc’s founder and CFO, Johannes Lermann, comments: “Moving from angel-backed funding to institutional long-term partners at our side, we’re ready to strengthen our board and keep raising the bar for what’s possible in unattended retail.” Philipp Bolliger, partner at Direttissima
Boost inc has raised €16 million to fuel its international expansion and product Growth Partners led the round, joined by Capmont Technology and Kineo Capital, with continued support from existing partners. Founded in 2020 in London, United Kingdom, Boost inc has quickly scaled from an ambitious idea into one of Europe’s leading providers of unattended retail technology. With thousands of live locations, customers across three continents, and a 150-strong team working from the United Kingdom, Switzerland, and four additional countries, the UK technology company is consumers anytime, anywhere.
Boost inc now announces the successful completion of its Series B equity round, raising a total of €16 million from both existing and new investors. For Boost inc’s founder and chief executive, Pascal Uffer, this milestone is more than just funding: “Our rapid growth leading up to this moment shows the timing is right. The market is ready, our technology is proven, and we’re ready to accelerate our international expansion with our partners.” The investment will support Boost inc’s next phase of growth, including entering
Growth Partners, highlights: “Boost inc has demonstrated exceptional execution from day one. The team understands how to scale physical and digital infrastructure, and we’re proud to support them on their journey.” Torsten Kreindl, managing and founding partner at Capmont Technology, adds: “Europe’s vending industry is fragmented and largely dependent on legacy technology, making it ripe for disruption. Boost’s seamlessly integrated hardware-software stack, allows the exceptional team to take vending to the next level.” Christine Müller, partner at Kineo Finance, summarises: “As one of the our venture leasing facility, we’re proud to deepen our support as they scale their leadership in unattended retail technology.” At the heart of Boost inc’s business is its mission to build the operating system for unattended retail and to serve customers where traditional retail and catering models increasingly fail. Today, companies like Coca-Cola, Hilton, and Siemens trust Boost inc and its subsidiary Boostbar to deliver smooth consumer experiences. Boost inc combines connected hardware like smart coolers, vending systems, and self-checkout Vendlive. Together, these solutions give operators, OEMs, and brands full control over their networks, helping them boost sales and streamline operations.
EVA and Common Smartcard join forces to promote closed-loop payment standardisation
The European Vending & Coffee Service Association (EVA) and the Common Smartcard Solutions Association (Industrieverband für einheitliche become mutual partner members, forming a strategic alliance to promote the standardisation of closed-loop payment systems—still widely used across the Both associations will coordinate their work plans and exchange information to and long-term compatibility in payment a shared commitment to supporting the continued relevance and innovation of closed-loop solutions in an increasingly digital world. The Common Smartcard Solutions Association is dedicated to developing standardised data structures for RFID applications. Its key focus is on structure that allows all project participants This approach enhances transparency, in use across a range of sectors including institutional and industrial catering, campus and leisure facilities, and access control. The EVA director general, Erwin
Wetzel, stated that “by aligning efforts, the EVA and Common Smartcard aim to strengthen the foundations for secure, standardised, and interoperable payment solutions across Europe.” Common smartcard is an Association based in Germany of which several EVA members are part of it and joins the EVA as a Partner Member.
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