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Sos Secures $7.6M In Funding, Supported By Wasserman Ventures And Urban Us Capital, To Grow Its Network Of Smart Wellness Vending Machines Across Sports Arenas, Entertainment Venues And College Campuses

Jun 22, 2023over 2 years ago

Amount Raised

$7.6 Million

BostonMedia And EntertainmentCommerce And Shopping

Investors

Urban Us CapitalWasserman Ventures

Description

SOS, the female-founded company that is redefining wellness on the go through a fast-growing network of smart vending machines, is announcing $7.6 million in funding in two separate strategic partnerships: a $2.6 million investment round supported by Wasserman Ventures and $5 million round led by Urban Us Capital to support machine production and expansion. Through these partnerships, SOS will leverage the investment to expand into sports arenas, entertainment venues and college campuses, while continuing to deliver on its mission of creating a more inclusive and elevated wellness experience for anybody, anywhere – underscored with always-free period care products.

Company Information

Company

SOS

Location

Boston, Massachusetts, United States

About

SOS is transforming wellness on the go through a network of smart vending machines that deliver just-in-time necessities where and when you need them most. Each machine offers modern, premium health and wellness products from brands such as Cora, First Aid Beauty, Hero Cosmetics, Megababe, Kosas, and Ursa Major. The company’s design-first hardware features a large, engaging touchscreen and serves as a visually rich advertising and marketing platform. SOS holds patents in the U.S., Canada, Europe, and China and has been featured in Forbes, Modern Luxury, and CBS. The company was named one of the Top 20 Emerging Brands in Retail by ICSC.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers