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VendScreen founder leaves

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Wednesday, April 17, 2013

Portland startup VendScreen's founder left after a dispute with the company's investors.

"Generally speaking, we had a new group of investors that just came on recently and they had a little bit of a different vision for the company than what I had in mind," said Paresh Patel, who had been VendScreen's chief executive.

VendScreen, which sells digital devices for vending machines, announced a $8.4 million funding round in December following a prior, $6.3 million investment. The latest money came from two Portland investors -- Nitin Khanna and Merrick (Merrick goes by one name) -- and a backer called 3x5 Special Opportunity Fund.

Read more at OregonLive.com.

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