BetaBoston

After Cory Booker win, Rough Draft Ventures invests in fundraising start-up Valet.io

Screenshot of Valet.io
Screenshot of Valet.ioCredit:

When was the last time you raised $5,000 in 30 seconds?

Valet.io did it for Cory Booker, Newark’s mayor, who is now running for a U.S. Senate seat. Students from Harvard and Columbia, Ben Donald, Ben Drucker, and Jake Silberg improved modern fundraising for nonprofits, schools, and political campaigns. Donators can contribute from their own phone or tablet without waiting for a signup sheet.

And now, Rough Draft Ventures is investing in Valet.io. The student partnership offers small seed investments of $5,000 to $25,000 to early-stage start-ups from students in the Greater Boston area.

Advertisement—Continue Reading Below

Despite the name, there is a lot of money in the nonprofit sector, and innovation for efficiency’s sake is welcome. With Valet.io, silent auctions can be kept organized and pledges are tracked as they come in, making fundraising a less daunting task.

Rough Draft Ventures has also invested in RequestNow, a start-up that lets people request songs to DJs via text, and Balbus, a company focused on speech therapy apps.

Share