PopCom (previously Solutions Vending International)

PopCom (previously Solutions Vending International)


About this raise: 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.

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Investment Overview

Invested this round: $308,277

Deal Terms

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    Open SEC Filing

Price Per Share

$0.44

Pre-Money Valuation

$26,533,520

Company & Team

Company

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
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Dawn Dickson-Akpoghene
Title
CEO

Financials

 Revenue
$30,113
 Monthly Burn
$144,863
 Runway
4.1 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,010,000
VC Backed?
No
Offering Name Close Date Platform Valuation 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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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.

Employee History

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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Add to portfolio
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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