MIAMI – Feb. 22, 2024 – Miami-based Boomerang, the leading lost & found platform, is rapidly growing its Boomerang Network, transforming how businesses nationwide and across industries reunite lost items with their owners. Each year, one in four individuals loses a valuable possession, resulting in a staggering $5 billion spent replacing lost items.
Trust is the cornerstone upon which lasting relationships are built. One-off transactions are expensive to a business. Simply put, how the best businesses thrive is through loyalty and retention.
Miami-based Boomerang, the leading Lost & Found platform, today announced it has secured $4.9 million in a new funding round, led by New York-based firm LightShed Ventures, with additional participation from GGV, GoldHouse, Harlo Capital, Dream Ventures, LeAd & Tavistock’s Lake Nona Fund, SeventySix Capital, amongst others. This new round brings Boomerang’s total funding raised to $7.7 million.
2024 is here. Every New Year brings new goals, new company initiatives, and new breakthrough solutions to old, costly, and inefficient problems. Our country, in many ways, is built by this innovator mindset – always looking for new ways to up our game.
With 2023 coming to an end, we look back at the past year, sharing a snapshot of the Boomerang platform’s most commonly lost items, trends, fun facts, and best practices for getting your lost item back.
