BOULDER, Colo.–(BUSINESS WIRE)–Participants in the fourth class to complete the BOOMTOWN accelerator program will take stage at the Boulder Theater Dec. 3 to present their companies to potential investors, strategic partners and the general public.
BOOMTOWN is a Boulder-based startup accelerator founded in 2013 and operated by a group of media, marketing and technology veterans. It focuses on advancing mobile, software and “Internet of Things” (IoT) technologies and recently launched one of the nation’s first HealthTech accelerators. A total of 33 companies in four classes participated in the first BOOMTOWN fund. Ninety percent of companies from the first three classes remain in operation, 78 percent are generating revenues and the average post Demo Day raise stands at just under $600,000. The first class of the second BOOMTOWN fund launches in January 2016.
“The quality of the applicants to our program continues to make selecting just a handful–in fact, less than three percent–more and more difficult,” said Toby Krout, BOOMTOWN co-founder. “Such quality allows us to provide a rich, challenging and fast-paced accelerator program that sets the teams up for the success we’re seeing from the first fund,” he added.
Read the full story on BusinessWire.