Default company panoramic image


AirVend is breathing new life into the Vending world with cutting edge technology and a truly disruptive business model.

  • Stage Full Product Ready
  • Industry Software
  • Location Provo, UT, USA
  • Currency USD
  • Founded April 2012
  • Employees 7
  • Website

Company Summary

AirVend is a distributed POS hardware and SaaS solution for disruption in the $119 Billion dollar Unattended Retail Industry. The wirelessly connected platform offers inventory control, mobile payment, and advertising. AirVend started shipping product in November, 2012.


  • Default avatar
    Chad Francis
    Founder/Technology Development

    Chad founded [io]development, a custom software firm developing technology for Disney, Costco, and many others. Chad has worked on and architected projects of all sizes including enterprise-level projects for Fortune 500 companies. For Disney, Chad helped create a 3-D face modeling application and has a background in facial biometrics.

  • Default avatar
    Lance Ellsworth
    Co-founder/Sales & Business Dev

    Experienced sales, marketing, and business development executive with more than 18 years’ experience helping launch companies in the Internet, software, and telecommunication industries. Most recently, Lance helped form key partnerships to help launch FotoPunch in the time-and-attendance market.

  • Default avatar
    David Loveland
    Co-founder/Marketing & Operations

    Seasoned entrepreneur with expertise in market validation/entry, and technology adoption. Co-founded CORA Software, a Costco event management software tech startup .

  • Default avatar
    Peter Skalla

    Finance and operations executive with 18 years’ experience in the investment, Internet, software, semiconductor, and telecommunication industries.


  • Default avatar
    Jared Richards, Bennett Tueller Johnson & Deere
    Default avatar
    Jeff Heath, Heath & Jaynes, LLC

Previous Investors

  • Default avatar
    King 7 Investments