NEW YORK, April 16, 2019 /PRNewswire/ -- Vengo Labs, the leading retail and marketing tech company that engages consumers with digital vending machines by combining DOOH media, product sampling and retail, today announced that Billy Weisman, the founder of Best Vendors Management, has joined the company in an advisory role.
Billy Weisman, who started his career with a vending route in Minneapolis and grew it into the largest national unattended service management company in the country, commented, "I'm very pleased to see the next generation of the industry starting to unfold. There is a lot of opportunity to incorporate new technology into automated retail. The team at Vengo has executed incredibly well and I am excited to be involved with and help drive Vengo's future growth."
Brian Shimmerlik, Vengo's CEO, added, "Billy Weisman is a legend in the vending industry. More importantly, he understands how to identify unique business models and scale companies. I've learned a ton from him and am eager to leverage his industry expertise and knowledge."
The news comes after Vengo recently announced its $7M in Series B funding round. The round was led by Arcade Beauty, an Oaktree Capital portfolio company and the largest manufacturer of beauty samples in the world. Funds will be used to scale Vengo's presence in universities and fitness centers and to begin testing new applications, with an initial focus on the beauty industry. Also participating in the round are SPINS, Bill Apfelbaum, and Kensington Capital Ventures. Previous investors include Tony Hsieh, Brad Feld, hip-hop artist Nas, Gary Vaynerchuk, David Tisch, and Joanne Wilson.
Vengo Labs' digital kiosks serve both consumer packaged goods and advertisements, marrying the convenience of online shopping with instant access to sample and purchase physical products. Today, over 1,100 Vengo digital kiosks can be found around college campuses, fitness centers, hotels, and more. This hybrid retail and marketing tech solution creates targeted and effective new retail, sampling and media opportunities for brands.
Vengo Labs was first introduced to consumers via its $2 million deal on ABC's Shark Tank from investors Kevin O'Leary and Lori Greiner.
For more information, visit www.vengolabs.com.
About Vengo Labs
Vengo Labs, founded by Brian Shimmerlik and Steven Bofill, is an innovative out-of-home marketing and retail tech solution that serves both consumer packaged goods and advertisements. Vengo's digital kiosks meet consumers in the places they spend time to provide the right product at the right moment. The Vengo platform is a flexible on-demand marketing network that engages consumers digitally, collects actionable data and can drive trial of physical products with instant gratification.
Visit www.vengolabs.com for more information on whether you qualify for your own Vengo, or would like to advertise or distribute your products through our network.
SOURCE Vengo Labs