Blendid

Leading the Robotic Food Automation Revolution

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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.

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.

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.

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