Boom Raises $12.7M to Power the Next Generation of AI-Driven Property Management

We’re excited to share a major milestone in Boom’s journey: we’ve raised $12.7 million in funding to accelerate the future of AI-powered property management.

The round was led by Avenue Growth Partners, with participation from former Hilton International CEO Ian Carter, Goldman Properties CEO Scott Srebnick, and Siemplify co-founder Garry Fatakhov, among others. Many of these investors have been with Boom since the beginning, continuing their support as we enter this next phase of growth.

Fueling Global Expansion and Product Innovation

This new investment will support Boom’s international expansion, strengthen our go-to-market presence, and enable strategic hiring across engineering, data science, and customer success.

Since our founding in 2023, Boom has grown rapidly and is now used by hospitality operators in 20 countries across five continents. With an NPS of 86 (more than double the SaaS industry average) we’re proud to deliver measurable impact and genuine customer satisfaction across the communities we serve.

Building the Future: Agentic AI for Hospitality

Our focus now turns to the development of next-generation agentic AI, designed specifically for the short-term rental and hospitality sectors.

Agentic AI represents a new evolution of automation—technology that can think, act, and assist like a true team member. From guest communications to operational task management, it brings intelligence and autonomy to the core of property operations.

“Our mission is to take the heavy lifting out of property management so operators can deliver better guest experiences and build stronger businesses,” said Shahar Goldboim, CEO and founder of Boom. “Our agentic AI modules are already driving results today, and this raise will help us scale that impact - improving guest satisfaction, increasing profitability for managers, and giving them a better work-life balance.”

Transforming Hospitality Operations

Boom was built to put AI at the core of hospitality operations, empowering teams to work smarter and focus on what truly matters: guest experience and growth.

Our platform currently automates up to 80% of guest messages and inquiries, along with reviews, financial processes, and daily operational workflows. The result is faster response times, clearer visibility, and more time for teams to build meaningful relationships with guests and owners.

“Boom is creating a genuinely new category with its AI-first approach to hospitality operations,” said Brian Goldsmith, co-founder and partner at Avenue Growth Partners.

“The team has already proven their platform can deliver immediate value, and their vision for agentic AI takes that potential even further.”

Looking Ahead

This funding represents a vote of confidence in Boom’s vision to make property management simpler, smarter, and more human.

We’re grateful to our investors, partners, and customers for believing in what we’re building. Together, we’re creating a new era of hospitality. One where AI doesn’t replace people, but empowers them.

Boom!

Sign up for our newsletter

Stay update on features and releases