Zoom Systems raises $12M, names CFO
San Francisco’s Zoom Systems, which runs 40-square-foot automatic shopping kiosks, closed a series B round of venture financing after raising $12 million.
NeoCarta Ventures led the round, in which Zoom’s executives and directors also participated. The company’s founders and executives own 40 percent of its equity.
Zoom will spend the money opening its tiny, automated stores where customers buy products shown behind glass using their credit cards.
The company also named a new chief financial officer, Clay Creasey, the former CFO of Mervyn’s. Creasey takes over from Zoom’s director of finance, Matt Confer.
Zoom sells mostly consumer electronics in its kiosks at airports, but also sells gift shop items in hotels.