Product Update
Is Vengo Still in Business? (2026 Update)
Is Vengo from Shark Tank still around in 2026? The deal it made, the sharks who invested, and where to buy Vengo today.
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Vengo pitched a slim digital vending machine on Shark Tank, got a loan offer from two sharks, watched that offer collapse in due diligence, and then went out and raised seven million dollars from an outside investor instead. That is not the usual script.
It also is not the usual outcome. Most companies whose Shark Tank loan or deal falls apart either close or shrink back to a small lifestyle business. Vengo scaled up instead, and did it by leaning into the advertising side of its product rather than just the vending side.
The Short Answer
Yes, Vengo is still in business, and it has grown well past the machine you may remember from the episode. Its screens are now installed in tens of thousands of locations nationwide, running as much as an advertising and media platform as a vending business.
It sells through direct business partnerships rather than a consumer storefront or Amazon listing, which fits its shift from vending machine maker to media network operator.
The Shark Tank Pitch
Steven Bofill and Brian Shimmerlik pitched Vengo in Season 7, Episode 22, asking for two million dollars for twelve and a half percent equity. Their product was a slim, wall-mounted digital vending machine with a screen, designed to fit spaces a traditional bulky vending machine never could.
The pitch combined two ideas the sharks understood well: physical retail real estate and digital advertising inventory, which made the machine's screen as interesting as the snacks inside it. A slim machine that could fit into a narrow hallway or a small office break room opened up placement opportunities a standard vending machine's footprint would simply rule out.
The Deal That Fell Through
Lori Greiner and Kevin O'Leary teamed up with an unusual structure: a thirty six month loan of two million dollars at seven percent interest, plus three percent equity, rather than a straight equity buy. Bofill and Shimmerlik accepted on air.
The loan structure did not survive due diligence, and the partnership fell apart after the cameras stopped rolling. Vengo was left to fund its next stage of growth on its own, without the credibility bump a closed deal with two recognizable sharks would have provided heading into later fundraising conversations.
Vengo net worth in 2026
Vengo raised seven million dollars in a Series B round in 2019 led by Arcade Beauty, bringing its total outside funding to roughly fourteen million dollars, according to Shark Tank tracking coverage. Estimated annual revenue was reported at around fifteen million dollars as of 2024.
No outlet has published a formal net worth or company valuation figure beyond that funding total, so this article will not attach one. The fourteen million dollar raised-to-date figure and the fifteen million dollar revenue estimate are the most solid, sourced numbers available, and both point toward a company that has scaled well past its original vending machine positioning.
Where Things Stand Now
Instead of shrinking after the shark deal died, Vengo expanded aggressively. By some point after the Series B, the company had over 1,500 digital kiosks placed in gyms, hotels, college campuses, and office buildings, a footprint that later grew to more than 27,000 locations including hospitals, restaurants, and bars.
The bigger shift was strategic. Vengo stopped thinking of itself as just a vending machine company and repositioned as a digital out-of-home media platform, partnering with major networks to place its screen-equipped devices in grocery stores and restaurants where the ad inventory matters as much as the snack sales.
The loan deal that fell apart on Shark Tank ended up being a footnote. Vengo built a much larger business on venture funding instead, and by 2026 it operates at a scale the original Tank pitch never described.
There is a lesson here that shows up in a handful of these company histories: sometimes the shark's proposed terms are simply worse than what a company can get elsewhere. A thirty six month loan at seven percent interest plus equity is a fundamentally different, more conservative instrument than a venture capital round, and Vengo's growth suggests the outside investors saw more upside in the business than the loan structure priced in.
Where to buy Vengo
Still selling as of July 10, 2026. Check today's price and availability.
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See the full Vengo deal breakdown and term sheet →
