Kyle
The student founders of Regaalo (photo regaalo.com)
Stories like this one are a strong indicator that as soon as the SEC figures out the regulations for crowdfunding for startups, it’s going to take off.
Regaalo, a social gifting startup founded by University of New Hampshire (UNH) graduates has taken to crowdfunding site, Indiegogo, to expand their gifting startup to Boston.
Regaalo allows parents and loved ones of college students to send them real gifts using an app on their mobile phones. The service is currently available for UNH students from surrounding merchants. Basically a parent or loved one back home can pay for and send their college student a real gift that will show up on the students mobile phone.
For example parents can order their student a pizza from a local pizza merchant. All the student has to do is pick the pizza up and show them the app on the phone to verify payment.
“The text-messaging gift gives us our edge, it’s what makes us unique,” said Jessica Streitmater, a Litchfield native and one of the student co-founders of the site told the New Hampshire Business Review. “There are quite a bit of people that do care packages, but we do have an edge on that too because we make it customizable.”
The startup is looking for $5,000 on Indiegogo to fund interns in the Boston area so that they can expand their service to Boston University. The company will remain headquartered in New Hampshire. There are incentives on the Indiegogo campaign for donations up to $800. At the time this story was written they’ve raised $975 of their $5,000 dollars with 21 days to go.
“we have a lot of people who are really interested in the company and who would love to help us,” said Streitmater. “They ask, ‘How can I help?’ And we really needed the help… to get to Boston.”
Linkage:
Check Out Regaalo here
Help them out on Indiegogo here
Source: New Hampshire Business Review
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