DipJar, a Boston, MA-based maker of tip jars and donation boxes for credit cards, secured $420k in seed funding.
The round was led by Project 11, with participation from Will Herman, Warren Katz, Joe Caruso, Mike Dornbrook, Bill Warner, Scott Heller, and others.
Led by CEO Ryder Kessler and Jordan Bar Am, VP of Sales, DipJar provides customers with a hardware/software solution for collection and disbursement of electronic gratuities. Individuals “dip” their credit cards to give a fixed, pre-set tip or donation. A cloud-based software platform then manages disbursement and display of data to customers.
A portfolio company of Boston-based hardware accelerator Bolt, the company is currently developing second-generation hardware for national rollout after targeted pilots with New York coffee, ice cream, and QSR retailers, and with local and national non-profits.