Vending machine firm makes a new kind of sale

During the early throes of the pandemic, when numerous businesses in New York were going under, Brian Shimmerlik decided the company he co-founded needed to make significant changes to stay afloat.

In 2013, with $17,500 in seed funding from an Economic Development Corp. competition victory, the former JPMorgan executive had helped launch Vengo Labs, a software company that develops compact touchscreen vending machines for the 21st century. Slim, digital, cashless and able to be placed on walls as well as subway turnstiles, Vengo’s machines can dispense products as diverse as cell phone chargers and protein bars.

Before Covid, the company, headquartered in Bethpage on Long Island, was growing.

→ Continue reading at Crain's New York Business

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