Boom Technology (Boom Supersonic) Secures $33 Million in Series A Round of Funding

XB-1-and-Boom-2-1024x683

Deal Facts

Deal Type: Venture Financing
Deal Sub-Type: Growth Capital/Expansion
Acquirer: 8VC
Caffeinated Capital
Palm Drive Ventures
RRE Ventures LLC
YC Continuity Fund (Y Combinator Continuity Fund)
Target: Boom Technology, Inc.
Deal Country: United States of America
Deal Status: Completed
Announced Date: 22-Mar-2017
Completed Date: 22-Mar-2017
Deal Value (USD m): 33.00

Deal in Brief

Boom Technology, Inc. (Boom Supersonic), a US-based designer and operator of airlines that provides passenger transportation services, has secured USD33 million in Series A round of funding from 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures LLC and YC Continuity Fund (Y Combinator Continuity Fund).

Blake Scholl is the CEO and founder of Boom Technology.

Deal Rationale
Boom Technology will use the funds to build and fly its first supersonic jet and for talent acquisition.

Companies Involved

Acquirers

Company Name: 8VC
Company Name: 
Palm Drive Ventures
United States of America
Company Name: 
130 East 59th Street, 17th Floor, New York
United States of America
Company Name:
YC Continuity Fund (Y Combinator Continuity Fund)
United States of America
Targets
Company Name:
Boom Technology, Inc.
United States of America

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