PopCom (previously Solutions Vending International)
Proprietary kiosk and software platform.
Overview
Raised: $308,277
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/30/2022
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
12/04/2022
Days Remaining
Funded
% of Min. Goal
3,083%
% of Max. Goal
60%
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
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: 08/30/2022
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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) | 11/29/2022 | StartEngine | $26,533,520 | $308,277 | Equity - Common | Funded | RegCF |
| Solutions Vending International | 10/21/2021 | StartEngine | $26,300,000 | $3,802,228 | Equity - Common | Funded | RegA+ |
| Solutions Vending International | 07/10/2020 | StartEngine | $25,000,000 | $1,052,703 | Equity - Common | Funded | RegCF |
| Solutions Vending International | 04/19/2019 | 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.
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