Blendid (2023)
About this raise
Blendid, with a valuation of $88.01 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 co-branded Jamba locations and plans to expand aggressively. Vipin Jain and Venkateswaran Ayalur founded Blendid in 2015. The current crowdfunding campaign has a minimum target of $9,998.88 and a maximum target of $2 million. The campaign proceeds will be used for marketing, research and development, operations, and working capital.
Investment Overview
Invested : $504,404
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/18/2023
- Close Date
- 04/19/2023
$9,999
$1,999,994
$500
Equity - Preferred
Growth Stage
RegCF
$2.22
$88,010,557
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +267% YoY
-
$1,014,634
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$3,077,722
as of FY2022
- Gross Margin
-
27%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $20,300,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/19/2023 | StartEngine | $88,010,557 | $504,404 | Equity - Preferred | Funded | RegCF |
| 11/30/2022 | Dalmore Group | $78,321,576 | $3,895,675 | Equity - Preferred | Funded | RegA+ |
| 11/19/2021 | StartEngine | $56,927,498 | $1,414,365 | Equity - Common | Funded | RegCF |
| 09/24/2021 | StartEngine | $49,943,429 | $2,000,065 | Equity - Common | Funded | RegCF |
| 02/28/2021 | Microventures | $50,000,000 | $460,051 | Convertible Note | Funded | RegCF / RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.