Boomtown raises another $1M VC fund

BOULDER — The founders of accelerator and co-working space Boomtown have raised their second $1 million venture-capital fund this year, according to a document filed this week with the Securities and Exchange Commission.

A total of 19 investors contributed to the fund, called Boomtown Fund II LLC. Boomtown cofounders Toby Krout and Jose Vieitez are listed as managing directors of the fund.

Boomtown raised a separate $1 million fund, Boomtown 2014 LLC, in April.

SPONSORED CONTENT

People Powered: Preparing Longmont Businesses for Economic Success

Longmont Chamber and FNBO present People Powered on April 24, 2024, aiming to inform business owners about workforce development, housing, and transportation issues.

Boomtown launched last year as an accelerator geared toward tech startups focused on media design, marketing and advertising technology. It was founded by former Crispin Porter + Bogusky principal Alex Bogusky and other media and technology veterans, including Toby Krout, Jose Veitez and Stephen Groth.

Based at 2060 Broadway in downtown Boulder, the accelerator started out operating in the Scrib coworking space, which was co-founded by Krout and eventually rebranded as Boomtown.

Boomtown has completed three cohorts of startups, with a fourth slated for this fall. The accelerator gives startups $20,000 and offers a 12-week mentorship program in exchange for a 6 percent equity stake in the companies.

Officials for Boomtown couldn’t be reached Friday.