Overview

Raised to Date: Raised: $308,277

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/29/2022

Close Date

11/29/2022

Min. Goal

$10,000

Max. Goal

$510,259

Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$0.44

Pre-Money Valuation

$26,533,520

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/03/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,388

# of Investors

676

Momentum

Funded

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PopCom (previously Solutions Vending International)

Year Founded

2012

Industry

Retail Shops & Department Stores

Tech Sector

Retailtech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Columbus, Ohio

Business Type

Growth

Company Website

PopCom, with a valuation of $26.5 million, is raising funds on StartEngine. The company has created an automated retail technology platform for vending machines and kiosks. The platform is the future of retail and allows retailers to use big data, learn from it, and understand their customers better. PopCom has launched 11 PopShops, with 12 more going live in 2023. The business has experienced a 130% year-over-year growth over the last three years. Dawn Dickson founded PopCom in 2012. The current crowdfunding campaign has a minimum target of $9,999.88 and a maximum target of $510,259.20. The campaign proceeds will be used to secure more partnerships and launch more PopShops.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$30,113	$0
COGS	$84,482	$0
Tax	$0	$0
Net Income	$-1,738,361	$-1,409,082

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$591,053	$299,782
Accounts Receivable	$20,022	$0
Total Assets	$1,503,527	$458,782
Short-Term Debt	$522,431	$290,923
Long-Term Debt	$0	$133,200
Total Liabilities	$522,431	$424,123

Financials as of: 08/29/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
PopCom (previously Solutions Vending International)	11/28/2022	StartEngine	$26,533,520	$308,277	Equity - Common	Funded	RegCF
Solutions Vending International	10/20/2021	StartEngine	$26,300,000	$3,802,228	Equity - Common	Funded	RegA+
Solutions Vending International	07/09/2020	StartEngine	$25,000,000	$1,052,703	Equity - Common	Funded	RegCF
Solutions Vending International	04/18/2019	StartEngine	$9,000,000	$1,069,999	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

PopCom Founder Dawn Dickson on Combining Machine Learning with Vending Machines

When the pandemic was at its peak, many consumers fled from traditional brick-and-mortar stores and made their purchases online. The trend seems to be partially reversing now, though, with e-commerce accounting for 14.3% of retail sales, down from 17% in 2021. 

Fortunately, brands can enjoy the best of both worlds with PopCom’s smart vending machines, PopShops and PopBoxes (for refrigerated products). PopShops and PopBoxes give multiple brands the opportunity to sell in brick-and-mortar locations on a rotating basis, and the machines anonymously collect useful customer data for sales optimization. We reached out to founder and CEO Dawn Dickson to hear about the evolution of her team over the years and her experience as an underrepresented founder.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview