Montreux Capital Management has invested £3 million into high-tech vending business Mother.

The investment will be used for continued development of technology including the machines digital advertising platform and allow Mother to target new sectors such as education, healthcare and transport.

Founded by Phil Davison in 2014, Mother is now present in 70 London locations.

Phil said: “It’s an incredibly exciting time and we are delighted to have Montreux backing.”

(+)