As we enter into what I believe will be a significant inflection point for us, I am excited to provide this important update about the future of Vestaboard and our product roadmap. If you’re interested in joining us, check out our current investment opportunity.
2023 highlights and milestones:
- In November, we crossed 10,000 Vestaboard displays shipped. We started to ship Vestaboard White as a permanent edition.
- Fast Company named us as one of the most innovative companies in the world, and among the top 10 most innovative consumer electronic companies alongside Apple, LG, T-Mobile and Samsung.
- We made the news with Rolling Stone, The Wall Street Journal, the Financial Times, and HGTV.
- We made monumental progress on our software Vestaboard+, which now holds 350+ channels of automated content and integrations.
Where we’ve been and where we’re going:
It took us over 4 years of research and development to design and ship Vestaboard, and just as we were set to start production in 2020 the world changed dramatically as a result of the pandemic. That summer, we invited our then 2,000 customers to join as investors, and the response was tremendous.
Since 2020, we’ve grown our revenue from less than $1 million in our first year of shipping to over $10 million. We are pursuing significantly more growth with our flagship Vestaboard and products we plan to develop and release in the future. Our software continues to evolve and serve our customers, including our optional service, Vestaboard+, which was adopted by over 70% of customers who activated their Vestaboard in 2023.
Moving into 2024, we’ve identified three strong product choices for future products in large markets. Our unique approach to product design, existing manufacturing capabilities and software put us in a special position to expand our relationship with customers and open the door to selling products to a much larger audience.
We’re very excited about what’s to come and we’d love for you to be a part of it. Learn more about our current investment offer and inquire here.
Vestaboard is considering a Rule 506c offering and gauging interest in a regulation-CF offering. No money or any other form of compensation is being solicited. It will not be accepted if it is sent. There will be no acceptance of any offer to purchase securities. There are no obligations or commitments associated with any expression of interest. Any expression of your interest is non-binding.
