Boostly (YC S22)

Boostly (YC S22)

The SMS marketing platform for restaurants

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Security Type
Technology, Financial Services
Min Investment
Orem, UT
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

$105k MRR, 400+ customers
Repeat founders with an exit in the restaurant business
Offers SMS marketing, real-time feedback and phone automation services
$23b market (ARPA: $350/month)
$1.1M raised in this round from Cathexis Ventures and Dragon Capital. Bootstrapped until this raise.

Management Team / Advisory Board Bios

Shane Murphy Co-founder & CEO Previously ran sales for Jolt, a restaurant operations software company, and was a sales leader, early team member, and investor in American HealthCare Lending (acquired by Prosper Marketplace)., Mikey Murphy Co-founderConsummate generalist w/ a focus on product; BYU CS, Techstars '16, & 3x CTO.
Amount Raised : $1,667,814
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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