Self-Service

Vianet Group secures $6.62M in funding for expansion

James Dickson of Vianet Group meets with Stuart McLaren of HSBC UK. Photo: Vianet Group

November 9, 2023

Vianet Group PLC, a Stockton-on-Tees, U.K.-based technology provider monitoring over 30,000 vending machines across Europe, has secured £5.4 million ($6.62 million) in funding from HSBC UK to expand further into Europe as well as the U.S. and India, according to a press release.

The company also provides beverage management to bars and recently acquired Beverage Metrics, a U.S.-based company.

Vianet Group has installed its beverage management solution in 10,000 hospitality businesses across the U.K., Europe and the U.S.

The platform provides operators with telemetry, connectivity, payment, management software and energy-saving solutions to reduce carbon footprint.