Vengo
slim digital vending machine
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
Lori Greiner
Kevin O'LearyWhat Happened Next
Deal Fell Through
Deal with Lori and Kevin fell through during due diligence; company raised $7M independently
Operating
$15M
reported
- Appeared on Season 7; deal with Mark Cuban for $2M for 15%
- High-tech compact vending machines with digital advertising screens
- Pivoted to focus more on the digital advertising/media aspect of the machines
- Placed machines in nightclubs, bars, gyms, and other high-traffic venues
- Evolved business model to emphasize ad revenue from the machine screens
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