Vengo, a Smart, cashless vending machine, was started by Steven Bofill and Brian Shimmerlik in 2012. As of March 2024, Vengo’s net worth is $50 Million and they’re pulling in a whopping $12 million in annual revenue.

On March 18, 2016, they appeared on Season 7 of Shark Tank USA and made a deal with Kevin O’Leary and Lori Greiner, for $2 million for 3% of equity. The final valuation was $16 Million, up from the founder’s initial estimate of $66 Million.

Vengo is still in business. Their products are available on the website.

Vengo Net Worth

Net worth$50 Million (2024)
Annual Sales Revenue$12 million (2022)
Lifetime sales
InvestorsLori Greiner and Kevin O’Leary
FoundersSteven Bofill and Brian Shimmerlik
Employees10 to 25

Vengo Net Worth Timeline

Net Worth 2023$50 Million
Net Worth 2022$40 Million
Net Worth 2021$30 Million
Net Worth 2020$25 Million
Net worth valuation in 2016 after appearing on Shark Tank  $66 Million
Net worth valuation in 2016 before appearing on Shark Tank  $16 Million

Vengo Pitch on Shark Tank

Company nameVengo
ProductSmart, cashless vending machines
EpisodeSeason 07 Episode 22
Founders Brian Shimmerlik and Steven Bofill
Asked for$2 million for 12.5% equity
Final deal36-month loan of $2 million at 7% and 3% equity
SharksLori Greiner and Kevin O’Leary
LocationRoad Bldg, Bethpage, New York

Don’t miss these products from Season 7

Vengo Founders

Vengo was founded by Brian Shimmerlik and Steven Bofill in 2012. The founders worked hard to grow this company. They are so smart and passionate. Vengo’s founders, Brian Shimmerlik and Steven Bofill net worth is unknown as of 2023.

Key accomplishments

2023Vengo now have a network of almost 1400 Vengo machines in gyms, colleges, and offices.
2016Vengo Appeared on Shark Tank


From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Vengo and its continued success.

Similar Posts