Blendid

Deal To Watch
BETA

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Analytics

Raised to Date: $421,525

Aggregate Commitments $
Platform

Microventures

Start Date

11/11/2020

Close Date

03/01/2021

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Series A

Valuation Cap

$50,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

02/24/2021

Days Remaining

4

% of Min. Goal

843%

% of Max. Goal

39%

Likelihood of Max
Avg. Daily Raise

$4,015

# of Investors

725

Momentum
Location

Sunnyvale, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Blendid, with a valuation cap of $50 million, is raising funds on MicroVentures. The company makes robotic food automation solutions powered by artificial intelligence. The first product of Blendid is a robotic kiosk that makes healthy smoothies on demand and based on the taste and preferences of customers. Vipin Jain, Venki Ayalur, and Vijay Dodd founded Blendid in 2015 and have raised over $13 million in previous rounds of financing. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for marketing, manufacturing, research and development, future wages, repayment of the debt, and general working capital. Blendid already has four kiosks deployed in the San Francisco area and has signed an agreement with Walmart to deploy its kiosk at its Fremont, California location.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$83,346

$2,159

COGS

$93,715

$0

Tax

$2,537

$0

 

 

Net Income

$-4,088,468

$-3,028,418

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$4,309,340

$1,881,453

Accounts Receivable

$15,541

$0

Total Assets

$5,566,553

$1,961,546

Short-Term Debt

$918,583

$271,705

Long-Term Debt

$514,003

$0

Total Liabilities

$1,432,586

$1,005,629

Ratings

last updated 02/25/2021

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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