Blendid

Blendid

Growth Stage

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Overview

Raised to Date: Raised: $1,414,365

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/29/2021

Close Date

11/18/2021

Min. Goal
$9,999
Max. Goal
$2,000,000
Min. Investment

$499

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.82

Pre-Money Valuation

$56,927,498

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$28,287

# of Investors

889

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Sunnyvale, California

Business Type

Growth

Blendid, with a valuation of $56.9 million, is raising funds on StartEngine. The company makes robotic food automation solutions powered by artificial intelligence. The first product of Blendid is a robotic kiosk that makes healthy smoothies on demand and based on the taste and preferences of customers. Blendid already has kiosks deployed at select Walmart locations and plans to expand aggressively. The current crowdfunding campaign has a minimum target of $9,999.08 and a maximum target of $1,999,999.82. The campaign proceeds will be used to expand to more locations nationally and internationally.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$64,119

$83,346

COGS

$65,627

$93,715

Tax

$-800

$2,537

 

 

Net Income

$-4,862,798

$-4,088,468

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,273,275

$4,309,340

Accounts Receivable

$5,710

$15,541

Total Assets

$3,951,860

$5,566,553

Short-Term Debt

$2,030,144

$918,583

Long-Term Debt

$614,753

$514,003

Total Liabilities

$2,644,897

$1,432,586

Financials as of: 09/29/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blendid 04/18/2023 StartEngine $88,010,557 $504,404 Equity - Preferred Funded RegCF
Blendid 11/29/2022 Dalmore Group $78,321,576 $3,895,675 Equity - Preferred Funded RegA+
Blendid 11/18/2021 StartEngine $56,927,498 $1,414,365 Equity - Common Funded RegCF
Blendid 09/23/2021 StartEngine $49,943,429 $2,000,065 Equity - Common Funded RegCF
Blendid 02/27/2021 Microventures $50,000,000 $460,051 Convertible Note Funded RegCF / RegD 506(c)
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Blendid on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $56,927,498
Price per Share: $1.82

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