A pre-series A fundraising round for Hong Kong-based vending machine business Wada Bento included investments from Golden Resources Development, Cyberport Macro Fund, HK Tech 300, Gravity Capital Partners, and EthAum Capitals for HK$22 million (about US $2.8 million).
Wada Bento, a company founded in 2018, has created a vending machine that can provide hot lunch boxes, or bentos, in just 17 seconds. It benefits eateries and food manufacturers that wish to grow without building additional locations.
Additionally, the business received approval from Hong Kong’s Mass Transit Railway (MTR) to install its vending machines at MTR stations.
Jason Chen, Stephen Chan, Eric Ng, Kenny Yau, and Manabu Oikawa founded Wada Bento. 250,000 bentos from well-known brands including Cafe de Coral, Cafe de Beans, and Lazy Pot have been sold by the company.
The business announced its plans to expand after the transaction, including into China’s Greater Bay Area. As of right now, it has vending machines installed at Circle K locations around Vietnam. Additionally, it has partnered with a Japanese bento chain, which will begin utilising Wada Bento’s technology in the fourth quarter of this year.
