IDEA: Northeastern University’s Venture Accelerator is excited to announce its most recent gap funding recipients: Collaperty, Samurai Investments, 88 Acres, U-Turn Audio, and PreApps. Each Venture received $10,000 to further develop its business or idea.
Collaperty is the first social commercial real estate platform that connects buyers, sellers, and investors to collaborate and network over real estate investments. Founded by Rishi Palriwala, Amit Patel, and Afjal Wahidi, Collaperty aims to revolutionize the old-fashioned manner of traditional real estate transactions. Collaperty’s Internet platform makes it easier for users to connect and pool resources, and is a one-stop-shop to search for, learn about, and invest in real estate opportunities. Collaperty plans to use the funding it received to establish the technology framework, form the right processes and checks, and ensure proper legal agreements are created among and between partners to drive the entire investment process.
Samurai Investments allows users to intuitively build, test and develop algorithmic trading strategies using a simple drag-and-drop interface. By using GPU servers rather than traditional CPU servers, Samurai intends to help those with individual trading accounts develop stronger strategies in a much faster and efficient way. Co-founders Zac Sheffer and Justin White, both seniors at Northeastern, plan to use their gap funds towards the development of Samurai’s website and beta user acquisition.
88 Acres crafts all-natural, organic, nut- and gluten-free food products. 88 Acres granola bites and bars have been YouthTrade certified, and are safely produced for those with mild to severe nut allergies without compromising taste. Co-founders Rob and Nicole Dalton are familiar with the difficulty consumers with nut allergies have while food shopping, as Rob is deathly allergic himself. 88 Acres products are a solution to the scarcity of delicious nut-free foods, but are not just for those allergic to nuts. Rob and Nicole plan to put their gap funds towards beginning the mass production of 88 Acres products.
U-Turn Audio produces high-quality vinyl turntables at an affordable price. Co-founders Ben Carter, Bob Hertig and Peter Maltzan, self-proclaimed vinyl enthusiasts, saw the demand for a cost-efficient turntable that didn’t compromise sound quality for price. This demand was well displayed through U-Turn’s recent Kickstarter campaign, which raised over $230,000 (nearly four times its original goal) and has U-Turn completely backordered until July. The team plans to use their gap funding to build an e-commerce website that will help retain the momentum from their Kickstarter.
PreApps is an online community where users can preview, rate and share mobile applications that are soon to be released. It is a way for mobile app developers to connect with potential users, and for users to be exposed to new apps before they’re launched. Sean Casto, a Northeastern senior and founder of PreApps, plans to use gap funds to develop a mobile version of the PreApps site, as well as implement a user rewards program to increase user activity.
IDEA is ever-impressed by its Ventures and is looking forward to watching these funding recipients continue to grow and succeed!