Pejman Mar Ventures' University of California, Berkeley competition awards $250,000 to Dotdashpay and creates two new prizes for Tinkering Labs and Thera.
Dotdashpay, a US-based payment platform spun out of University of California, Berkeley, has won VC firm Pejman Mar Ventures’ $250,000 prize for startups, according to Techcrunch.
The competition was announced in July 2015 and was open to any University of California, Berkeley student, staff member or alumni.
Dotdashpay was created by two computer science doctoral students at Berkeley to enable companies and individuals to add payment devices to internet connected technology with ease. Their technology requires just a few lines of code and a few wires to connect.
The company will receive a $250,000 investment from Pejman Mar Ventures, while Berkeley will gain 10% of Pejman Mar’s stake in Dotdashpay.
Pejman Mar Ventures had originally intended to make only one $250,000 investment but two more awards were created following the close of submissions.
Tinkering Labs was awarded a $20,000 uncapped note. The company creates educational construction kits with suggestions of what a user can build with the materials.
Meanwhile, Thera, an online chat platform for survivors of sexual assault and vetted volunteers, was awarded $5000 as an uncapped note.
