DipJar, a New York-based provider of tip jars and donation boxes for credit cards, raised $2.4m in seed funding.
Backers included Bolt, Project 11, Corazon Capital, Charge Ventures, Matthew Vettel of Great Hill Partners, Jamie Goldstein, and a number of other angels.
The company intends to use the funds to expand its national hardware presence and continue development of software solutions for customers.
Led by Ryder Kessler, DipJar provides plug-and play tip jars and donation boxes for credit cards. They allow givers to dip their credit cards to leave an instantaneous pre-set tip or donation, with confirmation given by the DipJar’s light and sound display. DipJar manages the processing and disbursement of funds, while customers control the dollar amount setting and monitor their intake through the software dashboard.
Over 80,000 individual dippers have given tips and donations in over 500 DipJars placed with nonprofit customers nationwide including The Salvation Army, the Children’s Miracle Network, New York Public Library, and FreshArts in Houston as well as QSR customers including fast casual chains Modern Market (Colorado and Texas), Filter Coffee (Washington, DC), The Bean (New York), The Gelato Fiasco (Maine), and Kean Coffee (Southern California).
The company has ten employees.