Four Inland Empire startups that got crowdfunded

By: Sharjeel Sohaib

β€’ 

Aug 27, 2021

 β€’ 

Startups

Utilize Our Platform

Blue Communications Riverside 

Blue is a mobile app and an NFC-Powered smart card to share your email, LinkedIn, Twitter, & more by swapping the card to a smartphone. It is essentially a digital business card that lets you introduce yourself when you meet new people.

The startup raised more than $1M dollars via its crowdfunding campaign on Republic, a popular crowd-funding platform Republic. 3900+ investors poured money into Blue’s crowdfunding campaign.

Relay

Relay, also called the ‘Uber of trucking industry is based out of Riverside and raised approximately $500K on Republic from 1200+ investors.

The startup that connects truck drivers with carrier companies also won the Riverside innovation month award in April this year. It essentially solves the driver availability issue for trucking companies that find it hard to find experienced truck drivers when they need them the most.

The cool thing about Relay is that it is already a profit generating startup having $2M in Annual Recurring Revenue with 20% MoM growth. It has 1,000+ drivers and 400+ carriers signed on to the network.

Backporch Homes 

Black Porch Homes, a manufacturer of tiny homes based at San Bernardino, CA did not raise as handsome of an amount as Blue Communications. However, it did manage to raise $158k via the equity crowdfunding platform Republic and was backed by 800+ investors.

The tiny home maker previously raised $577k before launching its crowdfunding campaign on Republic. It was founded by Todd Bayer and Stephen McKee, both real estate investors in the San Bernardino county. Housing crisis is at its peak in the California state. According to an estimate, the state still needs 500,000 new units annually to meet Governor Newsom’s goals.

GLOW Beverages 

GLOW beverages, a maker of vitamin and energy drinks raised $98k from crowdfunding website called StartEgnine. The beverages startup, with a valuation of $7M attracted 122 investors to whom it offered convertible notes against the equity investment.

GLOW is based out of Rancho Cucamonga , CA and was founded by John Larson. The startup sells two variations of drinks. One is called Hydration which is infused with vitamins, herbs, amino acids, minerals, electrolytes and antioxidants. The other is Hydration+Energy which combines the ingredients of its Hydration drink with Green coffee bean extract and vitamin B-12.

The startup boasts brands like Google, Netflix, and Uber as its customers.

Glow Scaled
Image Credit: GLOW Beverages

Takeaway

The four startups we covered above show that crowd funding is a viable option if you are thinking of raising funds for your startup. However, not all crowdfunding campaigns are created equal and the amount you may raise totally depends on how attractive your product is to the audience, and the way you execute the campaign.

Build a strong relationship with lots of customers sooner rather than later

Tony Wright

We do have examples of Oculus Rift, Glow Forge, and Flow Hive creating ripples in the startup community as they raised millions of dollars within a short span of time. However, it is important to raise crowdfunding for the right reasons.

According to Tony Wright, Glowforge’s co-founder who raised , the biggest advantage of crowdfunding is “you build a strong relationship with lots of customers sooner rather than later”.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!


Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &Β  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.Β  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

California’s Critical Minerals back in Limelight: Termed as . . .

California’s Critical Minerals back in Limelight: Termed as . . .

California's abundance of critical minerals California is rich in critical minerals, including rare earth elements (REEs), lithium, and cobalt. These minerals are essential for producing renewable energy systems, electric vehicles, and high-tech electronics. One...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of ourΒ  website.Β  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

My cart
Your cart is empty.

Looks like you haven't made a choice yet.