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
BOSTON, June 22, 2023 /PRNewswire/ -- 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.
- An increased global footprint will also help provide a direct and valuable channel for wellness brands through media sponsorship opportunities and product discovery in targeted, high-value entertainment locations.
- SOS has also appointed Thayer Lavielle, Executive Vice President of The Collective, Wasserman's women-focused practice, to its Board of Directors.
- "The industry is long overdue for wellness innovation like this, and we look forward to supporting the SOS team in operationalizing it nationwide."
- "We are being met with overwhelming demand from entertainment venues, office spaces and public access locations," said Robina Verbeek, Co-Founder and Co-CEO of SOS.