Vestaboard, a San Francisco, CA-based provider of a messaging display made to help people inspire each other at work and at home, raised $5M in Seed funding.
Investors include David Bohnett via Baroda Ventures, VP of Engineering at Shopify Farhan Thawar, venture capitalist and angel investor Hany Nada, LA social impact entrepreneur and designer Bridgid Coulter Cheatle, and financial commentator and investor in public and private companies Howard Lindzon. Vestaboard expects to add additional investment in the coming months.
The company intends to use the funds to move from a pre-order to an inventory-based model, meet marketing and sales plans and commence R&D for a second, more economical display.
Led by founder Dorrian Porter, Vestaboard provides a messaging display that helps people inspire each other by sending any message at any time from anywhere. Its 8,448 flaps flutter to create a welcomed, mesmerizing sound and encourages people to look up in an experience that combines both the visual and auditory senses. The display’s 132-fluttering bits make endless combinations of color, numbers, letters and punctuation for users to send just the right message at just the right time. Vestaboard+, the brand’s optional software subscription, enables owners to curate and automate content from a vast library of channels.
The company aims for significant growth in 2022 and 2023 after multiplying revenue seven times in 2021 from 2020.
Vestaboard is available at http://vestaboard.com for $2,995.
FinSMEs
24/08/2022