Vengo Vending Machines, a revolutionary concept in the vending machine industry, was launched in 2012 by a group of innovative entrepreneurs. The idea was sparked by the founders’ frustration with traditional vending machines that were often empty, overpriced, or filled with unhealthy options. They envisioned a machine that could provide fresh, healthy, and convenient food and drinks, tailored to the preferences of its users.

The company’s breakthrough came with the introduction of their first smart vending machine, which combined advanced technology with a user-friendly interface. This machine allowed customers to select their items via a touchscreen, receive change in coins or bills, and even pay using mobile wallets. The machine’s smart inventory system also enabled it to track sales and restock items in real-time, ensuring that it was never empty. This unique blend of convenience, variety, and smart technology quickly caught the attention of consumers and businesses alike, propelling Vengo Vending Machines to fame.

Vengo Vending Machine’s Current Net Worth (2025)

As of 2025, Vengo Vending Machine’s current net worth is estimated to be around $50 million. This tech-driven vending machine company has seen significant growth since its inception in 2013, primarily due to its innovative approach to the traditional vending machine industry.

Career

Founded by Brian Shimmerlik in 2013, Vengo Vending Machine has pioneered the use of technology in vending machines. The company’s machines are equipped with touchscreens, allowing customers to browse products, make purchases, and even leave reviews. Vengo has expanded its reach to various locations, including gyms, offices, and universities, making it a prominent player in the vending machine industry.

Other Ventures

In addition to its core vending machine business, Vengo Vending Machine has ventured into other areas. The company has developed a proprietary operating system, VengoOS, which powers its machines and provides valuable data to both Vengo and its partners. Furthermore, Vengo has also explored the potential of its technology in the foodservice industry, partnering with restaurants to provide contactless ordering and payment solutions.

Assets

Vengo Vending Machine’s assets primarily include its fleet of technologically advanced vending machines, which number over 1,000 across the United States. The company also owns its headquarters in New York City and has a significant intellectual property portfolio, including patents and trademarks related to its innovative vending machine technology.

Annual Income

Vengo Vending Machine’s annual income has been steadily increasing since its founding. As of 2024, the company’s annual revenue was estimated to be around $20 million. This revenue is generated through a combination of sales from its vending machines, licensing fees for its technology, and partnerships with other businesses.

Frequently Asked Questions about  Vengo Vending Machine

Frequently Asked Questions: Vengo Vending Machine Net Worth

1. What is Vengo?

Vengo is a technology company that specializes in creating smart vending machines. Their machines use AI and computer vision to offer a personalized and convenient shopping experience.

2. How does Vengo differ from traditional vending machines?

Vengo’s machines use AI to recognize and track products, allowing for real-time inventory management. They also offer cashless and mobile payments, and provide customers with a touchscreen interface for a more interactive experience.

3. Who is the founder of Vengo?

The founder of Vengo is Brian Shimmerlik.

4. What is Vengo’s net worth?

As of the latest estimates, Vengo’s net worth is approximately $100 million.

5. When was Vengo founded?

Vengo was founded in 2013.

6. Where is Vengo headquartered?

Vengo is headquartered in New York City, New York.

7. How does Vengo make money?

Vengo makes money through the sale of products from their vending machines, as well as through partnerships with businesses that use their machines for employee perks and customer engagement.

8. What products does Vengo offer?

Vengo offers a variety of products, including snacks, beverages, and essentials like phone chargers and personal care items.

9. Where can I find Vengo vending machines?

Vengo vending machines can be found in various locations across the United States, including offices, gyms, universities, and hospitals.

10. How can I invest in Vengo?

Vengo has raised funding from various investors, including Lerer Hippeau, Rhapsody Venture Partners, and RSE Ventures. However, as a private company, Vengo is not publicly traded and may not be open to new investments at this time.