We can now confirm that disruptive telecoms provider Boom has received Enterprise Investment Scheme (EIS) advance assurance, just in time for the end of the tax year.
We are also pleased to announce that we have completed a first close of c.£1m – however, the company will take up to a maximum of £2.15m, so you still have the opportunity to invest.
We have completed our due diligence and we have seen that Boom continues to make progress and is winning major key partners. Highlights include:
- The Telecoms Division of a National Utility Provider: Heads of Terms have been signed, full contract discussions are complete and are expected to be signed during March. The first customers are expected in May.
- Major UK Mobile Network: Since signing Heads of Terms, the board of this reseller has approved its Enterprise strategy, of which Boom is part of the proposal. A new Enterprise director has been recruited to take the strategy forward and Boom is engaging with ‘go to market’ and launch options. This partnership could underpin a significant proportion of the Boom revenue projections.
- Key European Partner in Collaboration with Global Hardware Provider: This opportunity is based on the partner launching the solution initially to 9,000 UK re-sellers, with a wider opportunity to potentially deal with a further 43,000 re-sellers across Europe. Purchase order has been received to commence the partnership.
If you have any questions or would like any more information on Boom, please feel free to contact us directly on 0800 302 9444 or info@growthdeck.com.