Vengo Shark Tank Net Worth (Updated 2025).

Vengo, a revolutionary vending machine company, first stepped into the limelight in 2018 when it appeared on the popular TV show, Shark Tank. Founded by two innovative entrepreneurs, Lane Kennedy and Brian Shimmerlik, Vengo was born out of a desire to disrupt the traditional vending machine industry. Their unique concept – a sleek, modern vending machine that could dispense a wide range of products, from snacks to personal care items, and even allow users to make custom orders – immediately caught the attention of the Sharks and the viewing audience.

After a successful pitch on the show, Vengo secured a $300,000 investment from Mark Cuban, one of the most prominent Sharks. This deal not only provided the startup with much-needed capital but also opened doors to new opportunities and partnerships. Following their Shark Tank appearance, Vengo’s fame skyrocketed. The company began to gain significant traction in the market, with their cutting-edge vending machines being installed in various high-traffic locations, including gyms, offices, and universities. Their innovative business model and sleek, user-friendly machines quickly made Vengo a household name in the vending machine industry.

**Vengo Shark Tank’s Current Net Worth (2025)**

As of 2025, Vengo, the innovative smart kiosk company that appeared on Shark Tank, has an estimated net worth of $50 million. This significant growth is attributed to its successful expansion into various industries and strategic partnerships.

**Career**

Vengo’s co-founders, Brian Shimmerlik and Andrea Perzans, launched the company in 2013. Initially focused on vending machines, they pivoted to smart kiosks, integrating technology to offer a wide range of products and services. Their appearance on Shark Tank in 2015 led to a $2 million investment from Mark Cuban and Robert Herjavec, which helped propel their growth.

**Other Ventures**

Beyond Vengo, Brian Shimmerlik has been involved in other ventures. He co-founded and served as the CEO of Ziosk, a tabletop technology company, from 2008 to 2012. Andrea Perzans, meanwhile, has experience in management consulting and entrepreneurship, having co-founded several startups before Vengo.

**Assets**

Vengo’s primary assets include its fleet of smart kiosks, which are strategically placed in high-traffic locations like gyms, offices, and apartment buildings. The company also holds valuable intellectual property, including patents for its kiosk technology and software. Additionally, Vengo’s strong partnerships with major brands like PepsiCo and Mars Wrigley Confectionery contribute to its overall value.

**Annual Income**

Vengo’s annual income has seen steady growth since its founding. In 2021, the company reported an annual revenue of $25 million, a significant increase from its 2020 earnings of $18 million. This growth is expected to continue as Vengo expands its reach and diversifies its offerings.

Frequently Asked Questions about  Vengo Shark Tank

Frequently Asked Questions: Vengo Shark Tank Net Worth

1. What is Vengo?

Vengo is a smart vending machine company that uses AI and machine learning to offer personalized, on-demand products to consumers. It was founded by Brian Shimmerlik and David Pearl in 2014.

2. When did Vengo appear on Shark Tank?

Vengo appeared on Shark Tank in 2018, in Season 10, Episode 14.

3. How much money did Vengo ask for on Shark Tank?

On Shark Tank, Vengo asked for $300,000 in exchange for a 10% equity stake in the company.

4. Did they get a deal on Shark Tank?

Yes, Vengo got a deal on Shark Tank. They accepted an offer from Kevin O’Leary for $300,000 in exchange for a 20% equity stake.

5. What has Vengo’s growth been like since Shark Tank?

Since appearing on Shark Tank, Vengo has expanded its presence in various locations, including offices, gyms, and universities. They have also introduced new product categories and improved their technology.

6. What is Vengo’s business model?

Vengo’s business model involves partnering with businesses to place their smart vending machines in strategic locations. The company then manages the inventory and restocking process, while the partner location receives a commission on sales.

7. What products does Vengo offer?

Vengo offers a wide range of products through its smart vending machines, including snacks, beverages, personal care items, and over-the-counter medications. They also offer custom branding options for their partner locations.

8. How does Vengo use AI and machine learning?

Vengo uses AI and machine learning to analyze sales data, predict demand, and optimize inventory levels in real-time. This allows the company to offer products that are tailored to the preferences of the consumers in each location.

9. What is Vengo’s net worth?

As of the latest estimates, Vengo’s net worth is approximately $12 million.

10. What are Vengo’s future plans?

Vengo’s future plans include expanding its presence in new markets, both domestically and internationally, as well as continuing to innovate and improve its technology. The company also aims to form strategic partnerships with more businesses to place its smart vending machines in additional locations.