Bellybaloo, Inc. raised $105,000 placing equity and warrants from three investors. The non-brokered offering is still open for a year as the company seeks to raise another $295,000.
The company leverages the social network culture by offering a secure platform for expecting mothers to share medical-grade ultrasound pictures with their family and friends. The e-mail address entered by the sonographer in the ultrasound machine allows the mother to create an account on Bellybaloo’s platform. It takes between 30 minutes to 7 days to receive and share the images. The company monetizes its service by emailing users useful information from its sponsors.
Bellybaloo, headquartered in Boston MA, was founded by Jamie Mallinger (Treasurer and secretary) and Adam J. Wolfberg (President).