Vengo

slim digital vending machine

VengoDidn't CloseFood & BeverageWebsiteNew York, NYby Steven Bofill and Brian ShimmerlikS7E22

Pitch Details

Season / Episode

S7E22

Mar 18, 2016

Ask

$2M

for 12.5%

Ask Valuation

$16M

Deal

$2M

for 10%

Watch the Pitch

Deal Terms

Amount$2M
Equity10%
Valuation$20M
Loan$2M

What Happened Next

Deal Fell Through

Deal with Lori and Kevin fell through during due diligence; company raised $7M independently

Thriving

$15M

reported

  • On-air deal with Kevin O'Leary and Lori Greiner did not close post-show
  • Partnership with Blackstone Launchpad for digital kiosks at NYU, Syracuse, and University of Central Florida
  • Raised $7 million in venture funding in 2019 including investment from Gary Vaynerchuk
  • Annual revenue $15 million as of 2024

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