Own Gets $1.2 Million Seed Funding

Own, a point of sale technology company,  has received a $1.2 million seed round led by Detroit Venture Partners. Own’s advisory board and board of directors are also getting a reshuffle. Its advisory board now includes Shail Arora (Vineyard Capital), Raul Vejar (Head of Corporate Strategy, SAP) and Nik Harris (Head of Integration, North America, InMobi), in addition to Own’s first advisor Peter Chane (Director of Business Development, Google Chrome OS) and Scott Crosby (Co-Founder, Google Analytics). The company also added Bob Stefanski (Co-Founder, Tibco) to its Board of Directors alongside Jake Cohen (Detroit Venture Partners).

The funding will drive product development and hiring.

Other Own investors include Vinyard Capital, Compuware Ventures, C Ventures, Ludlow Ventures, and Bluewater Angels.

Own is the world’s first social point-of-sale system that runs entirely on a tablet, says the company. Own tablets come with the Nimbus OS, and ships from $1,399 (plus $149 single-location monthly fee).

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