BOOOM, a newly established microfund headquartered in Europe, has embarked on an ambitious mission to invigorate the startup landscape by investing €100,000 to €400,000 in approximately 30 companies across Europe. This strategic focus targets angel-only rounds, as well as Pre-seed and Seed stages, specifically within the burgeoning B2B software sector.
At the helm of BOOOM is Felix Plapperer, renowned for his previous role as a Partner at SquareOne, a prominent B2B SaaS venture capital firm. Under Plapperer’s leadership, BOOOM has successfully concluded its funding round, surpassing its initial target to reach €17 million. This achievement reflects strong backing from institutional investors, including founders of unicorn-scale startups like Celonis, Coupa Software, King.com, and Flix, alongside Partners from leading venture capital firms such as Accel, Creandum, and Index Ventures.
Central to BOOOM’s investment philosophy is its unique proposition of merging traditional venture capital with invaluable insights and mentorship from seasoned company builders and operators. Notably, each startup within BOOOM’s portfolio will benefit from dedicated mentorship provided by the founders of sennder, a highly successful tech unicorn. David Nothacker, Julius Koehler, and Nicolaus Schefenacker from sennder will personally guide these portfolio companies over a span of 12 to 18 months, imparting crucial wisdom on navigating the complexities of scaling and managing rapid growth in a competitive landscape.
Beyond financial support, BOOOM offers its portfolio companies access to an extensive network comprising unicorn operators and founders within the BOOOM LP ecosystem. This network serves as a vital resource for strategic introductions, collaborative opportunities, and shared industry expertise, significantly enhancing the prospects of success for each invested startup.
Supporting BOOOM’s operational framework is Christian Gahr, General Counsel at sennder, who provides expert legal counsel to ensure that portfolio companies effectively navigate legal intricacies and compliance requirements. This holistic approach underscores BOOOM’s commitment to equipping startups with the necessary tools and support to thrive amidst the challenges of scaling a venture-backed enterprise.
David Nothacker underscored the pivotal role of learning from past mistakes and leveraging those insights to empower early-stage founders. He emphasized critical challenges such as talent acquisition, negotiation of shareholder agreements, and managing investor relationships, highlighting BOOOM’s mission to equip entrepreneurs with practical knowledge and strategic guidance. By sharing their own experiences from building sennder, David Nothacker and his co-founders aim to support startups in navigating complex operational hurdles and achieving sustainable growth. This mentorship approach reflects BOOOM’s commitment to nurturing a new generation of successful B2B software companies across Europe.
BOOOM’s innovative approach goes beyond capital investment; it aims to cultivate a culture of mentorship and collaboration that accelerates European startups towards sustainable growth and global influence. Positioned as a catalyst for innovation within the European startup ecosystem, BOOOM is redefining venture capital by seamlessly integrating financial backing with invaluable mentorship and a robust support network.
This holistic approach not only supports early-stage companies in navigating challenges and seizing opportunities but also fosters a community where knowledge-sharing and strategic partnerships thrive. By bridging the gap between funding and mentorship, BOOOM is setting a new standard in the industry, shaping the future of entrepreneurial success particularly in the dynamic realm of B2B software across Europe.