AmplifyUp is an Invitation-only Accelerator and Funding Program.
You’ll be considered for the next AmplifyUp cohort when you share your business updates.
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Get your first capital boost.
AmplifyUp funds high-growth potential startups with the right capital and investor support.
BoomStartup has an angel investment community eager to get in very early with high-potential companies. AmplifyUp enables investors to get to know your business and allows them to participate in your pre-seed accredited investment round. Our funding process is different than other accelerators, but highly successful: not only do we help founders solidify investment, BoomStartup focuses on making sure your company succeeds after collecting the funds.
AmplifyUp invites companies into our accelerator that meet investor expectations relative to their business model and industry. We look for companies that are closing in on a critical-mass point, a breakthrough revenue stream, or the kind of value customers can’t ignore. We encourage companies from any location and any industry to apply.
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AmplifyUp and SPVs
Meet Zarina Bahadur, CEO of 123 Baby Box and graduate of AmplifyUp 2022 who successfully fundraised using and SPV.
How We Help Startups
Hear the 2Q22 cohort experiences
Wrapping up our 4th AmplifyUp Demo Day, we gave the in-person and virtual audience the opportunity to ask questions about the BoomStartup AmplifyUp program. Learn more about it directly from those who participated.
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Funding by
BoomStartup has investment funds and an active pool of investors who want to participate in early-stage companies looking to achieve their first institutional, pre-seed round. We leverage SPVs to structure participation from many investors and keep the investment structure and cap table simple and straightforward for the startup.
Our funding ranges depending on the business plan and current business metrics. Be prepared to know your funding ask, funding use, and longevity to be considered in the AmplifyUp participation. Cohort participants are invited based upon the company traction and growth potential and valuation.
You will spend approximately twelve weeks in the AmplifyUp cohort working with prospective investors, BoomStartup experts, and service providers who will mentor you to prepare your company for funding. The program concludes with a Demo Day where the SPV and investment terms are then made public.
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AmplifyUp Resources
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FAQs
BoomStartup funds companies by preparing them for an active, open funding round managed through an SPV. Each AmplifyUp graduate receives an investment opportunity that is open to outside investors (USA and Internationally based). Additionally, BoomStartup’s parent company will contribute to the funding as well.
Every quarter AmplifyUp asks ALL founders who have participated in the OpenUp, PitchUp, or RiseUp to apply to the AmplifyUp program. Applications begin with the quarterly business survey and our staff reviews the plans and accomplishments that the startup has achieved in the last 90 days. The top performers who have investable business models and are at a great market timing point get the invite to participate in the program.
Any company can participate in AmplifyUp. Every company that applies will be screened and matched to our investor’s criteria.
We do require that there are traction proof points and a plan that scales growth (either user/ customer numbers or top line revenue) where the business will grow at least 10 X in the next 5 years.
We do not accept companies into AmplifyUp that request funds to support product market fit or market needs validation.
AmplifyUp begins with a screening and matching process, which takes time and work. Once matching is complete, companies go through two months of investment preparation with mentors. The AmplifyUp program concludes with a Demo Day.
AmplifyUp can help you raise up to $100,000 in capital, from our angel investor base. However, because BoomStartup provides an SPV for investment participation, there is NOT a cap on the amount of funds that can be raised.
Additionally, BoomStartup has also Administered SPVs for startups who do not participate in the AmplifyUp cohort yet want a way to consolidate investors.
Once you make it to Demo Day, you’re a fundable company. You may open up the SPV to outside accredited investors who are interested in writing smaller checks. This is an excellent opportunity for you to oversubscribe your funding round.
BoomStartup will organize the SPV, track the investments and payouts, and also handle all of the documentation such as K-1s.
BoomStartup does not get equity from the companies who participate in AmplifyUp. We are paid on a Carry percent on the investment amount collected in the SPV that was launched on Demo Day.
Carrys are not management fees. They are paid out after you sell your company for a profit, and after the original investment amount is allocated, the carry percent is subtracted from the profit.
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