What is Boom?
Founded in 2014 and headquartered in Englewood, Colorado, Boom is at the forefront of developing commercial supersonic aircraft. The company aims to revolutionize air travel by bringing back the speed of supersonic flight to mainstream aviation. Boom's technological advancements and strategic partnerships are positioning it to redefine long-distance travel, offering a faster and more efficient alternative to current commercial airliners. The company's focus on innovation in aerospace engineering is critical to its mission.
How much funding has Boom raised?
Boom has raised a total of $512.4M across 7 funding rounds:
Private Equity
$6.4M
Series A
$33M
Private Equity
$10M
Series B
$100M
Unspecified
$3M
Grant
$60M
Unspecified
$300M
Private Equity (2016): $6.4M, investors not publicly disclosed
Series A (2017): $33M led by Caffeinated Capital, Y Combinator, RRE Ventures, Palm Drive Ventures, and 8VC
Private Equity (2017): $10M supported by Japan Airlines
Series B (2019): $100M featuring Michael Marks, Ron Conway, SV Angel, Paul Graham, Caffeinated Capital, Y Combinator Continuity, Sam Altman, and Emerson Capital
Unspecified (2020): $3M backed by Undisclosed
Grant (2022): $60M with participation from U.S. Air Force
Unspecified (2025): $300M led by ARK Investment Management, Y Combinator, Altimeter Capital, and Bessemer Venture Partners
Key Investors in Boom
ARK Investment Management
ARK Invest is a global asset manager that specializes in thematic investing focused on disruptive innovation. The firm offers a range of investment solutions aimed at investors seeking long-term growth in public markets, including strategies in areas such as artificial intelligence, robotics, and blockchain technology.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses. They prioritize building strong partnerships by advocating for founders and providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Boom?
With the recent infusion of $300M in a major strategic investment, Boom is poised to accelerate its development and commercialization roadmap. This substantial backing, part of its overall $512.4M in capital, indicates strong investor confidence in Boom's vision and technological capabilities. The company is likely to focus on advancing its aircraft design, expanding its manufacturing capacity, and progressing through regulatory approvals. Future strategic financing rounds may be anticipated as Boom moves towards flight testing and eventual market entry, aiming to capture a significant share of the future supersonic travel market.
See full Boom company page
