BoostUp Raises $1 Million in Early Stage Funding

October 24, 2013 @ 3:26 pm By JD Alois

Crowdfunding platform BoostUp has raised $1 Million from Detroit Venture Partners and Cornerstone Opportunity Partners according to a report from PitchBook. The platform enables users to crowdfund or get “monetary boost” for significant purchases such at automobiles, homes and other major expenses. The site is geared to allowing friends and family to help in paying towards larger purchases.

BoostUp (formerly Motozuma) was founded in Chicago by CEO John Morgan. In August of 2013, John brought Motozuma to Detroit to join the Detroit Venture Partners portfolio of companies. In October of 2013, he relaunched as BoostUp to create a new way for consumers to save up for ALL of life’s big purchases in addition to a new vehicle.

Morgan thanked their ability to relaunch the website and their brand from Motozuma to BoostUp by acknowledging the support and commitment from Dan Gilbert, Josh Linkner, Tom LaSorda, Jake Cohen, Patrick Sullivan and Michael Gruber.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 4, 2026 vs Jan 1, 2025 - Nov 4, 2025

Number of Filings134Prior 129 +3.9%

Target Raise, Total$3.45BPrior $3.59B -3.8%

	This YTD	Year prior	Change
Filings	134	129	+3.9%
Target raise	$3.45B	$3.59B	-3.8%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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