Funding round
Boom Seed
Boom, which works in supersonic aircraft manufacturing in Englewood, raised $2.1M in a Seed round announced on 23 Mar 2016. It is Boom's second venture round on record; the one before was a Seed in Mar 2016.
$2.1M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Boom did not disclose a valuation in this round. It is under 1% of the $342M Boom has raised in the venture rounds on record. Boom raised again 12 months later: a Series A round of $33M in Mar 2017. Its next priced round, a Series B in Dec 2025, valued it at $1.50B.
Boom's funding rounds
Boom has 4 venture rounds on record and 2 other deals. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development and working capital.
- Hiring
- Product development
- Working capital
Comparable rounds
How it compares
The closest in time: Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video Games - Development & Publishing | 10 Mar 2016 | $8.5M | not disclosed | Accelerate Ventures |
| Tech Companies | 14 Mar 2016 | $4.5M | not disclosed | True Ventures and Resolute Ventures |
| Tech Companies | 15 Mar 2016 | $4.0M | not disclosed | Dawn Capital |
| Food Banks | 21 Mar 2016 | $3.1M | not disclosed | not named |
| Tekion Tech Companies | 1 Mar 2016 | $3.1M | not disclosed | Storm Ventures |
| Cosmetics Stores | 30 Mar 2016 | $2.8M | not disclosed | not named |
| Tech Companies | 15 Mar 2016 | $2.5M | not disclosed | University Ventures and New Markets Venture Partners |
| Tech Companies | 21 Mar 2016 | $2.3M | not disclosed | ff Venture Capital and Uncork Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Boom raise in its Seed round?
Boom raised $2.1M in its Seed round, announced in Mar 2016.
What was Boom's valuation at the Seed round?
It was not disclosed.
Did Boom raise again after this round?
Yes: a Series A round in Mar 2017 of $33M.