✓ Got a deal Status unconfirmed Season 7, Ep. 22 🍽️ Food & Drink

Vengo on Shark Tank

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Vengo makes slim, wall-mounted digital vending machines with touch screens that display advertising. The machines are placed in high-traffic locations such as gyms and transit hubs to sell small items and generate ad revenue.

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⏱ Vengo in 30 seconds

  1. The ask$2M for 12.5%Valued at $16M
  2. In the tankDeal: $2M for 3%With Kevin and Lori · loan
  3. After the showDeal fell throughDidn't close after taping
  4. TodayStatus unconfirmed

Vengo Shark Tank deal

Asked for
$2,000,000 for 12.5%
Asking valuation
$16M
Result
Deal
Final deal
$2,000,000 for 3%
Deal valuation
$66.67M
Structure
Loan / credit line
Founders
Steven Bofill and Brian Shimmerlik
From
-
Aired
Mar 18, 2016

Deal notes: entire $2M is a 36-month loan at 7% plus 3% equity

Asked
$16M
Got
$66.67M

Would you have invested in Vengo?

The pitch

Steven Bofill and Brian Shimmerlik pitched Vengo in Shark Tank Season 7, Episode 22 (aired Mar 18, 2016). They asked for $2,000,000 in exchange for 12.5% equity, valuing the business at $16M. The entrepreneurs walked away with a deal from Kevin O'Leary and Lori Greiner: $2,000,000 for 3%. That put the final valuation at $66.67M, 317% above what they originally asked for. Part of the investment was structured as a loan or line of credit.

What happened to Vengo after Shark Tank?

Status unconfirmed

We couldn't confirm whether Vengo is still operating. Its website did not respond at our last check. Readers can share updates in the reviews.

⚠️ The on-air deal did not close after the show.

Sources (1)
  1. sharktankblog.com/business/vengo/
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Frequently asked questions

Did Vengo get a deal on Shark Tank?

Yes. Vengo got a deal with Kevin O'Leary and Lori Greiner for $2,000,000 and 3% equity.

Which Shark invested in Vengo?

Kevin O'Leary and Lori Greiner invested in Vengo on Season 7 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Vengo still in business?

We couldn't confirm whether Vengo is still operating. Its website did not respond at our last check. Readers can share updates in the reviews.

What season and episode was Vengo on Shark Tank?

Vengo appeared in Season 7, Episode 22, which first aired on March 18, 2016.

Where can I buy Vengo?

Search for Vengo on Amazon or major retailers; availability varies.

What was Vengo's valuation on Shark Tank?

The founders valued Vengo at $16,000,000 when they entered the Tank, and the final deal valued it at $66,666,667.

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