MVC
287 Bowman Avenue, 2nd Floor, Purchase, NY, 10577, USA
Overview
MVC provide long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S. MVC's investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Boomerang
Participated · Seed · May 2022
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.
Team
No current team members are available.