Boost VC Closes $6.6 Million Fund and Announces Fourth Tribe Including 15 Bitcoin Companies
Boost VC, one of the top accelerators in Silicon Valley, announced today that they have closed an oversubscribed $6.6 million fund to invest in 200 companies over the next three years, with a 50% focus on Bitcoin. Some investors in this fund are Marc Andreessen (individual), Ben Davenport (individual), Barry Schuler (individual), Rothenberg Ventures, Maven II, Kilowatt Capital, Tim Draper (individual), and Bill Draper (individual).
Founded by Adam Draper and Brayton Williams in 2011, Boost offers dedicated housing in an entrepreneurial environment where companies are exposed to noteworthy speakers, influential mentors and potential investors.
"Since the inception of Boost in February 2011, we have worked on picking good people, and it's working,” said Adam Draper, Founder of Boost. “Our focus over the past three years has been to find the most innovative people starting world changing companies. We are interested in everything from Enterprise to Rockets, 3D printing to Bitcoin... and anything that gets us closer to building an Iron Man suit.”
Adam Draper is a fourth generation venture capitalist and this is the first fund that has three generations of venture investors invested in it.
The fourth tribe at Boost completed the program on Thursday, October 30. With more than 25 companies and 15 of them Bitcoin focused companies, each one is on the edge of innovation. Below is a list of the companies in the fourth tribe:
Companies in fourth tribe:
· Akasha Games: Learn to program without writing code
· BlockScore: The intelligent ID verification system
· Blossom: Peer-to-peer investment marketplace for Muslims
· CareerDean: Q&A for career advice
· Critica: A twist on discussions
· Electroloom: A 3D printer for fabrics
· Gun: Realtime distributed graph database
· Hashed: Smart search for social media
· Seeds: TOMS Shoes for gaming
· Transcense: Empowering deaf/hearing group conversations
· Trending Music: Music player for the mobile generation
· Willow: Moneyball for trial lawyers
Bitcoin specific companies in fourth tribe:
· Align: Making global payments local
· Atlas Card: US Bitcoin debit card
· BlockCypher: AWS for block chains
· CoinHako: Easiest way to buy, sell and secure Bitcoin in Asia
· Coinmotion: Easiest and fastest way to buy Bitcoin in Europe
· Follow The Coin: The leading media video news platform in Bitcoin
· HashRabbit: Monitoring & management software for Bitcoin miners
· Hedgy: Smart derivative contracts on the Bitcoin block chain
· Honeybadgr: Building teams at VC-backed Bitcoin startups
· Orboros: Palantir for Bitcoin
· Palarin: Transforming remittance using Bitcoin technology, starting in the Philippines
· Plutus: Stealth
· Pylon: Borrowing from anyone, anywhere
· SFOX: Bitcoin trading
· ZapChain: Bringing the value of a great conference online
To date, 69 companies have gone through the Boost program and 95% are still in business today. By 2017 Boost will have 250 companies in their portfolio. Demo day for Tribe Four took place on October 30th.
For more information on the companies visit https://www.boost.vc/portfolio/
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