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
Funding 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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Location
Columbus, Ohio
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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