Solutions Vending International
Powering the Automated Future of Retail
Overview
Raised: $1,052,703
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/01/2020
Close Date
07/10/2020
Min. Goal
$10,000
Max. Goal
$1,052,867
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.55
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/02/2020
Days Remaining
Funded
% of Min. Goal
10,527%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$10,527
# of Investors
2,671
Momentum
Funded
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Year Founded
2012
Industry
Retail Shops & Department Stores
Tech Sector
Retailtech
Distribution Model
B2B
Margin
High
Capital Intensity
High
Solutions Vending International, with a pre-money valuation of $25 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. Solutions Vending International was founded by Dawn Dickson in 2012 and has raised over $2 million since its inception. The current crowdfunding round of the company has a minimum target of $10,000 and a maximum target of $763,000, and the funds will be used to grow and expand the business. Solutions Vending International already has past and future paid pilots with Procter & Gamble, a global winemaker, and a premier cannabis shop in the Netherlands.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-739,708 |
$-349,912 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$278,168 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$278,168 |
|
Short-Term Debt |
$628,039 |
$67,862 |
|
Long-Term Debt |
$150,000 |
$491,692 |
|
Total Liabilities |
$778,039 |
$559,554 |
Financials as of: 04/01/2020
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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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