Blendid
Leading the Robotic Food Automation Revolution
Amount Raised:
$60,335
- Security Type
- Preferred Stock
- Min Investment
- $500
- Location
-
Sunnyvale, CA
- Offering Date
- January 18, 2023
- Expected Close Date
- February 28, 2023
- Target Raise
- $10.00K-$2.00M
- No. Investors
- 50
- Security Price
- $2.22
- Valuation
- $88,010,557
- Website
- blendid.com
- Number of Employees
- 20
- Cash
- $3,077,722
- Revenue
- $1,014,634
- Short Term Debt
- $1,204,363
- Cost of Goods
- $745,646
- Long Term Debt
- $505,567
- Net Income
- $4,613,801
Company Description
Blendid creates compact, autonomous, contactless robotic food kiosks available in retail stores, universities, travel centers, and hospitals throughout the US.
Key Deal Facts
We've raised over $26 Million and sold over 100k smoothies in retail stores, universities, and travel centers, as well as hospital and Walmart locations with co-branded Jamba locations in California, Georgia, and Florida.
We have a commercial agreement with Jamba to expand and deploy “Jamba by Blendid” kiosks across the country and received a strategic investment from Focus Brands, the parent of Jamba, to scale our manufacturing and operations nationwide.
Our proprietary contactless, food-safe, and NSF-certified technology is poised for increased market adoption in the post-COVID world. In 2022, we tripled the number of our locations, increased revenue by 367% from 2021, and contracted over 500 kiosks. Our AI-driven platform is comprehensively protected by 13 patents granted or in-process.
We have a commercial agreement with Jamba to expand and deploy “Jamba by Blendid” kiosks across the country and received a strategic investment from Focus Brands, the parent of Jamba, to scale our manufacturing and operations nationwide.
Our proprietary contactless, food-safe, and NSF-certified technology is poised for increased market adoption in the post-COVID world. In 2022, we tripled the number of our locations, increased revenue by 367% from 2021, and contracted over 500 kiosks. Our AI-driven platform is comprehensively protected by 13 patents granted or in-process.
Management Team / Advisory Board Bios
, Vipin JainCo-Founder & CEOVP Barnes & Noble Nook Media, Co-Founder & CEO Retrevo, Co-Founder Telseon IP, MS Physics BITS.
Vijay DoddCo-Founder & VP, EngineeringHW & SW Engineering Dir. Barnes & Noble Nook, Engineer Dir. Palm, Masters of Tech in Systems & Controls.
Kristen RasmussenExecutive Chef & NutritionistFounder Rooted Food, Food Science Adjunct Faculty UC Berkeley & Nordic Food Lab & Culinary Institute America.
Venki AyalurCo-Founder & CTOSoftware Lead Barnes & Noble Nook, Motorola Engineering, MBA Kellogg, MS Computer Science Northern Illinois.
James D WhiteAdvisorBoard Member Panera, Fomer CEO & Chairman Jamba Juice, SVP Safeway & Gilette, Nestle.
Eric BenhamouBoard MemberFounder & General Partner Benhamou Global Partners, Former CEO & Chairman 3COM.
Gary BradskiAdvisorCreator and Founder of Open CV, Consulting Professor at Stanford.
Michelle GloecklerAdvisorBoard Member BJs, Former EVP Walmart, VP Hershey's.
Veronica WuBoard MemberFounder & Managing Partner at First Bight Ventures, Former Board Member VF Corp, VP Tesla, Managing Director Apple.
Maisie GanzlerAdvisorChief Strategy & Brand Officer Bon Appetit Management Company.
Cody RoseAdvisorVP Product, Resy (Amex Dining), Former VP Guest Experience Chipotle.
Vijay DoddCo-Founder & VP, EngineeringHW & SW Engineering Dir. Barnes & Noble Nook, Engineer Dir. Palm, Masters of Tech in Systems & Controls.
Kristen RasmussenExecutive Chef & NutritionistFounder Rooted Food, Food Science Adjunct Faculty UC Berkeley & Nordic Food Lab & Culinary Institute America.
Venki AyalurCo-Founder & CTOSoftware Lead Barnes & Noble Nook, Motorola Engineering, MBA Kellogg, MS Computer Science Northern Illinois.
James D WhiteAdvisorBoard Member Panera, Fomer CEO & Chairman Jamba Juice, SVP Safeway & Gilette, Nestle.
Eric BenhamouBoard MemberFounder & General Partner Benhamou Global Partners, Former CEO & Chairman 3COM.
Gary BradskiAdvisorCreator and Founder of Open CV, Consulting Professor at Stanford.
Michelle GloecklerAdvisorBoard Member BJs, Former EVP Walmart, VP Hershey's.
Veronica WuBoard MemberFounder & Managing Partner at First Bight Ventures, Former Board Member VF Corp, VP Tesla, Managing Director Apple.
Maisie GanzlerAdvisorChief Strategy & Brand Officer Bon Appetit Management Company.
Cody RoseAdvisorVP Product, Resy (Amex Dining), Former VP Guest Experience Chipotle.
Amount Raised:
$60,335
Security Description
Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.