Baby Vend

Changing the way families travel by providing the supplies they need on the go

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Security Type
Convertible Note
Categories
Retail, Hardware, Technology, Minority Founders, Travel, Social Impact, Female Founder, Consumer Goods, Minority Founder, Childcare
Min Investment
$100
Location
Anchorage, AK
Offering Date
June 22, 2021
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
125
Security Price
$1
Number of Employees
2
Cash
$36,015
Revenue
$410,649
Short Term Debt
$132,274
Cost of Goods
$0
Long Term Debt
$0
Net Income
$83,538

Company Description

My name is Jasmin Smith and I am a single mother of twins who resides in Anchorage Alaska in what was named by CNN as the most diverse neighborhood in America (Mountain View). I started Baby Vend when my son used his last diaper while out Christmas shopping. I found myself stuck in the mall with a cart full of presents that needed to be paid for. I realized my choice was to leave immediately or figure out a solution. At that moment I realized how frustrating this scenario could be for other families and lactating mothers. I decided I wanted to help and create a company that centers around ensuring no family is left somewhere without access to supplies. I gathered up my friends and asked them if they were down to join me on this new journey and they said yes! Together we decided to ensure no family was left without the supplies they needed, no matter the location. After researching the market and seeing what was available and where we could fit in, we found a niche and launched! We promised ourselves to grow this company to the highest level for our kids and other families in need and create custom vending and product solutions that reach wherever traveling families find themselves. 

Use of Proceeds

  • More capacity for products
  • Easier transactions for the families
  • A new range of products
  • More size offerings to fit in our machines and products in diverse spaces

Key Deal Facts

Established business with diverse locations doing an average of 771 transactions per month.
An award-winning founder with extensive business development and management experience.
A socially conscience company with a mission to make money and give back to those in need.
The opportunity to scale with over 10 locations pending on the waiting list.
Founder goals to diversity offerings to include "on board" product sales.

Use of Proceeds

  • More capacity for products
  • Easier transactions for the families
  • A new range of products
  • More size offerings to fit in our machines and products in diverse spaces

Management Team / Advisory Board Bios

Jasmin Smith, Founder/CEO
Named Alaska Top 40 Under 40 for entrepreneurship for the state, business was covered in Black Enterprise, CNBC Live, The Points Guy and more.

Don Poynter, Creative Director
Award winning graphic designer, marketing and brand specialist with a diverse nationwide portfolio.
Amount Raised : $91,549
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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