Vugo on WeFunder | Deal Memo

Jun 6, 2021 2 min read
Invest in VUGO: We help rideshare drivers make more money while riders get interactive entertainment | Wefunder
We help rideshare drivers make more money while riders get interactive entertainment

Company Overview

VUGO uses software and digital screens to place advertising and entertainment content on top of and inside rideshare vehicles dispatched by rideshare companies like Uber and Lyft.

The team want to improve the world through democratizing on-demand shared transportation helping people have more affordable have access to affordable transportation options by adding incremental income to rideshare companies and drivers pockets. In 5 years, they hope to create enough value from advertising revenue and data to help make ridesharing free or nearly free for most short trips increasing access to transportation for millions of Americans once self-driving cars reach the market.

Deal Terms

  • Security: Priced Round
  • Pre-Money Valuation: $8,120,000 (Early Bird Terms)
  • Min. Investment: $100

(Data as of June 2021.)

Vugo: WeFunder Campaign Highlights

1) Ridesharing Companies & Drivers Are hungry for incremental sources of income. $200B+ Market Size.

2) Partnerships with Disney & VIA Ridesharing

3) Time Magazine named “Ad Dollars for Uber Drivers” one of the best inventions of 2019

4) Over 20,000 rideshare have applied to our waiting list to work with us.

5) Startups.com Named VUGO as one of the top 10 startups to watch in 2018

6) We won the nation’s largest statewide startup competition for high-tech startups in 2016, at the U of M

7) We won the 2016 Eureka Innovation Award for Advertising and Marketing

8) The State of Florida has legalized rideshare advertising statewide as of 06/23/2020

Did I Invest In Vugo?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Vugo on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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