Boomerang operates a lost & found platform that centralizes found inventory from businesses to reduce fragmentation and improve recovery for consumers. The company was launched in November 2021 by Skyler Logsdon, Philip Inghelbrecht, and Augustine Diep-Tran. Boomerang serves a roster of customers on the Boomerang Network including Universal Studios, Cleveland Browns Stadium, Nissan Stadium, State Farm Arena, Margaritaville Resort, Encore Resort at the Reunion, The Dalmar, Savannah / Hilton Head International Airport, and Syracuse Hancock International Airport. The article notes U.S. consumers spend $5B annually replacing lost items and that the overwhelming majority of these items are lost at businesses, indicating a large addressable market. Boomerang recently raised new funding and will use the proceeds to fuel growth and invest in its team and platform to scale to demand. Leadership and investors emphasize the company’s technology and timing to address the pervasive problem of lost items. Boomerang offers a lost-and-found technology platform that includes a self-serve lost-and-found management software for businesses and an end-to-end, fully managed service for institutions with high volumes of lost items. The company targets hotels, restaurants, bars, clubs, universities, stadiums, casinos, theatres, gyms, airports, airlines and other businesses that collect lost items. Boomerang emerged from stealth after six months of development and currently has a nine-person team, mostly engineers distributed around the U.S. The co-founders—Skyler Logsdon, Philip Inghelbrecht and Augustine Diep-tran—bring prior experience at Shazam, TrueCar, Tatari and YourMechanic. The startup has been building its product, team and first batch of partners to launch its services. Financially, Boomerang announced a $2.8M pre-seed round to support its launch and growth.

Total raised

$8M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2024