This company is no longer in business. Investors can get details about any potential exits or failures here.

PopCom (previously Solutions Vending International)

PopCom (previously Solutions Vending International)

Growth Stage

Proprietary kiosk and software platform.

Proprietary kiosk and software platform.

Overview

Raised to Date: Raised: $308,277

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/29/2022

Close Date

11/28/2022

Min. Goal
$10,000
Max. Goal
$510,259
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

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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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

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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Founder Profile

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

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PopCom on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $26,533,520
Price per Share: $0.44

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Follow PopCom on StartEngine 2022

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