Salt Lake City, UT (November 14, 2022) BoomStartup Accelerator, the leading early-stage growth and investment program provider, has a new home under the umbrella of non-profit entrepreneurship organization VentureCapital. org. Assure, the nation’s largest private asset and SPV administrator, has agreed to an acquisition of BoomStartup to the non-profit.
The accelerator runs a number of startup programs to support and advance the foundations of America’s innovation economy. BoomStartup’s resources run the early-stage gamut: OpenUp provides remote, drop-in courses and expert-led sessions; RiseUp pairs founders with experts for 1-week problem-solving sprints; while AmplifyUp focuses on fundraising. Since 2021, over 11 million dollars in startup funding have been invested in BoomStartup AmplifyUp graduates.
“Access to capital has always been core to our work and motivations at Assure. We are committed to supporting the fundraising and capital needs of entrepreneurs and their investors through new tools, technologies, and of course SPVs,” says Katie Neilsen, Co-founder and President of Assure. “As we lean more into digitizing the capital stack, we wanted to find an equally dedicated organization to lead the way on programming. Over the years, we’ve had the privilege of getting to know the team behind VentureCapital .org and couldn’t think of a better team to take BoomStartup to its next phase.”
Going forward, BoomStartup and its entrepreneurs will be able to leverage VentureCapital .org’s decades of experience and unparalleled economic development expertise. Since 1983, the organization has worked with both aspiring and seasoned entrepreneurs to create sustainable companies, lasting jobs, and new opportunities. VentureCapital .org places particular emphasis on underrepresented founders and under-served communities. BoomStartup will be integral to further expanding such work and access across the United States.
“I am beyond thrilled that starting today, two impressive and respective communities will combine to support investment preparation and access to capital for founders,” stated Tara Spalding, Chief Programming Officer at VentureCapital .org. “Now, thousands of entrepreneurs can leverage education programs, mentoring, and networking events proven over time, to supply a high-quality deal flow to investors.”
“We could not be more grateful for the generosity and the support of our partners at Assure. This acquisition will amplify the power and reach of both BoomStartup and VentureCapital .org to help entrepreneurs become investible and then connect them with capital”, said Trent Christensen, President and CEO of VentureCapital .org.