EMN8 Raises $12.2M
San Diego-based EMN8, which makes transaction kiosks with touchscreen displays to accelerate customer orders at fast-food restaurants and other retailers, has raised $12.2 million of a targeted $18.2 million equity round, according to a recent regulatory filing. EMN8 signed an agreement with IBM in September in which IBM is taking on EMN8’s manufacturing, services, and sales responsibilities. EMN8 has previously raised about $30 million from GRP Partners, Sequoia Capital, Sid Bass Associates, and Steamboat Ventures, according to Venture Wire. Allegis Capital also has a representative on EMN8’s board.