Boomerang, an app that connects people with their lost belongings, is out of stealth mode after securing $2.8 million in seed funding.
Founded in 2021, the startup helps businesses manage lost and found items, and makes them easier for customers to retrieve.
“Everyone is familiar with that split-second feeling when you realize you lost something valuable,” said CEO Skyler Logsdon. "Amid all of that internal chaos, you need to gather yourself and notify the business about your lost item."
That's where Boomerang comes in.
Customers who have lost something can log onto its app and enter a description to see if the object was logged by one of Boomerang's partner businesses. Those partners have access to software that organizes found items into a user-friendly database.
The startup also offers a fully managed option where Boomerang collects lost items from businesses and stores them until they are retrieved by their owners – a resource for large companies or venues (think airports and stadiums) that may find hundreds or even thousands of lost objects a month.
Glasses, jewelry, wallets, purses, credit cards, phones and cameras are among the items most commonly left behind at businesses, the company reports.
Logsdon launched the startup with co-founders Augustine Diep-Tran, who serves as COO, and Philip Inghelbrecht, who is chairman. Inghelbrecht is a serial entrepreneur known for co-founding the popular music identification app Shazam, acquired by Apple in 2018.
The seed round was supported by a variety of investors, including Miami firms 305 Ventures and Flamingo Capital. Now, Boomerang is focused on hiring as it officially launches and scales.
“Boomerang raised our seed funding round with the [goal] of building out our stellar team and product to reinvent lost and found," Logsdon said.
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