LIVBLENDS

Keurig for all natural smoothies

LivBlends is like a Keurig machine for smoothies. Customers place a pre-packed cup of flash frozen fruits, vegetables, seeds and nuts into the LivBlends machine, press blend and less than one minute later have a healthy filling smoothie ready to drink. No need to shop for, clean, cut and measure ingredients. Like Keurig we’ve started with a subscription model for offices and gyms and will make a separate machine for use in anyone’s kitchen.

Everyone wants to be healthier, but busy professionals don’t have time to prepare healthy meals. Office snacks are unhealthy and juices like Odwalla actually contain more sugar than Coke. Fresh smoothies are 2-3 times more nutritious than their bottled cousins and filling enough to replace any meal. LivBlends makes them available at the push of a button. Once they’re in every office, hotel, and gym lobby in the country, they’ll target your kitchen right next to their inspiration – the Keurig.

• $1.3M annual recurring revenue in beta. 25% gross profit margins.
• 150 “ready-to-drink-smoothie” customers. Including: Palantir, Uber, Dropbox, Sephora.
• ~$1,000 estimated gross profit / machine / month.
• 2.5 years designing. Fully automatic self-cleaning machine.
• Founders: MIT and HBS alum.
• Select investors: Y Combinator, Paul Buchheit, Trevor Blackwell, Scrum Ventures, Great Oaks Venture Capital, Collaborative Fund.

WHY WE LIKE LIVBLENDS

Dylan Enright

WEFUNDER STAFF

BETA NUMBERS

LivBlends launched their beta delivery program this summer to test the machine, flavors, and price points in advance of their countrywide rollout this coming spring.

$1.3M

Annual recurring revenue

$6B

Immediate addressable office mkt.

53sec

Current blend time

2.5yrs

Time in design phase

35,000

Smoothies sold in Sept.

150

Customers in beta

~$1K

Proj. gross profit / machine / month

VIDEOS

Watch their Demo Day pitch and a demo of the beta machine.

A FEW OF THEIR FLAVORS

LivBlends smoothies are made only with natural ingredients, and are gluten and dairy free. The fresh fruits and vegetables, seeds and nuts are blended — not cold-pressed — to retain all of their fiber, vitamins and minerals.

SOME EARLY CLIENTS

LivBlends has cautiously grown their beta program while constantly reiterating on the machine and smoothie

MEET THE FOUNDERS

Matthew Udomphol

CEO

Previously at Boston Consulting in Asia, Xerox, VMware. 1st place MIT Robot Design Contest. 2nd Tokyo Int’l Design Contest. MIT alum.

Elise Polezel

COO

Previously private equity at The Carlyle Group. Investment banking at UBS. Speaks four languages. HBS alum.

AND THE REST OF THE TEAM

Elvine Pineda

Lead Mechanical Engineer

Dr. David Schultz

Senior Mechanical Engineer and Manufacturing

My Vu

Lead Product Designer

RAISED $3,783,900 FROM 47+ INVESTORS

FUNDING HISTORY

Trevor Blackwell

Y Combinator Partner. Founder Umbrella Research, Anybots, and Viaweb. Harvard alum. Currently working on OpenAI with Musk and Altman.

Paul Buchheit

Partner at YCombinator, Founder of FriendFeed, Creator of GMail

Y Combinator

Seed funded 700+ startups (including AirBnB) with total valuation over $30 billion. 27 startups valued over $100m.

Anand Swaminathan

Managing Director at Accenture in the Finanical Services Practice (18-years). Also an angel investor in and adviser to over 35 start-ups.

Collaborative Fund

Collaborative Fund is the leading source of seed capital for creative entrepreneurs changing the world.

Krishna K. Gupta

Founder at Romulus Capital, Founder at Romulus Advisory. Ex-McKinsey, JPMorgan. MIT Material Science/Engineering + Management. Former math guy.

MORE INVESTORS

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Source: Icrowdnewswire