Over the last four months, our friends at Entrepreneurs Roundtable Accelerator have been grooming 11 companies night and day for demo day this week. These 11 companies received $40K in investment, mentorship from over 200 industry professionals including, and now are ready to be unleashed to the world. The class includes startups focused on a variety of vertical and niches including marketplaces, telemedicine, campus recruiting, and ecommerce.
CLICK HERE TO SEE THE 11 COMPANIES THAT HIT THE STAGE AT ERA DEMO DAY
Negotiatus, founded by Founded by Zach Garippa and Tom Jaklitsch is an online platform focused on introducing savings in the procurement process for companies. The platform negotiates on behalf of its customers on a variety of services and for its efforts, Negotiatus takes 20% of any savings. With the simple mantra of “We make expenses less expensive”, Negotiatus is taking on the procurement software market which research firm Gartner indicates grew 10.8% in 2014, outpacing the overall software market.
Founded by Robin Levine, Jacqueline Loeb, and Craig Perler, Scouted, formerly Snap!, is an employment platform geared towards campus recruitment. The company has developed a matching service that streamlines and modernizes the process both for employers and college students that are entering the workforce for the very first time. According to National Association of College and Employers in 2014, 91.4% considering branding a very or extremely important component of university recruiting while average cost-per-hire is ~$3600. The future may be bright for Scouted if it can nail the branding in an industry that obviously has some room to reduce acquisition costs for employers.
Cartified, founded by Vlad Kartashov, Eddie Chu, and Dmitry Karpov, is an online market place for user car buyers and sellers. The company certifies or rather “certifies” every vehicle on its platform with a 200 point inspection and money back guarantee. The company also handles some of the mundane tasks associated with purchasing a vehicle including the DMV paperwork and state inspection. In the future, the Cartified plans to offer insurance options as well. While at ERA, the company has built “Carly”, a free text based discovery engine for car listings.
DocFlight, founded by Sally Wang, Peter Liu, and Nancy Li, is a telemedicine service that connects patients in China with doctors in the United States. Medical tourism as an industry in Asia is massive as access to quality healthcare is not readily available. DocFlight has formalized the process through its platform that offers a video consultation, expert opinion, and integrated travel if further treatment is necessary. Practitioners from leading institutions including Harvard, Yale, Cleveland Clinic, and Mt. Sinai are already on the platform.
Founded in 2014 by Oscar Aabech Jung and Bjorn Broby Glavind, BookBuses, as the name implies, is an online platform that allows you to charter buses. The platform allows a user to enter in the specs surrounding his/her needs and the user receives quotes bus operators instantaneously. BookBuses operates nationally with over 5000 bus operators on the platform and currently has a team of 13, up from 7 when the company started the program, attacking the $5.6B industry.
Smart Screen, founded by Subrat Nayak and Ryan Gottfried in 2015, is an online service focused on background checks for employers. One way the company is leveraging technology to make the process of applicant screening more efficient is by introducing an API that can be integrated with existing workflows. The background screening market was $1.7B in 2015 according to IBISWorld in 2015 with a 3.2% growth rate.
LearnLux, founded by Rebecca Liebman and Michael Liebman, is personal finance education and management tool catered towards millenials. According to the company’s site millenials spend $200B a year and stand to inherit $30T. Educating this market on financial literacy is the aim of the platform competing in a crowded space. The company was selected as a finalist in 1776’s Challenge Cup last year.
Seashells, founded by Harrison Hines and TJ Signa, is an app that rounds up to the next dollar amount on your purchases with credit or debit cards. This amount is then “deposited” into a “savings” account that can be used for future purchases via the platform. With each round up savings, the app gives you an additional bonus of 15%. These balances or “Shells” can then be spent on a growing list of merchants, ~100 presently, including Adidas, Banana Republic, Best Buy, Delta, and Morton’s.
Frank, founded by D’Arcy Coolican, Evan Abel, and Lucas Coffman, is an online financial platform that makes the process of lending and borrowing among friends and family easier and less awkward. The startup has built the capabilities to form a lending/borrowing group, pool finances, and set repayment schedules with up to a 1 year duration.
Please and Carrots
Please and Carrots, founded by Stephanie Chan and Shilpa Barchha, is a subscription-based service for parents for educational products for children. Each box contains 5 toys and books, 3 language development activities designed by speech pathologists, and 6 teacher-created activities to develop motor, and cognitive and social skills. that are sent quarterly with tips and a booklet for games and activities that are all designed to support developmental milestones.
iSharing, founded by Reese Cho and Richard Chuh, is a real time app for iPhone and Android that allows users to locate their family and friends. Given that nearly 800K children go missing each year, the size of the market is large but it will be interesting to see if this startup can survive as a stand alone business or if larger platforms mimic and or incorporate similar technologies into their offerings.