What is Boardable?
Founded in 2016 by individuals with firsthand experience in the nonprofit sector, Boardable was established with the mission to streamline and improve the experience of serving on a board of directors. The company offers a comprehensive software platform designed to help organizations better engage with their boards and committees. Boardable's purpose-driven approach centers on serving those who dedicate themselves to community service, providing tools that foster more effective governance and operational efficiency. Located in Indianapolis, Indiana, Boardable has emerged as a key player in providing technology solutions tailored to the unique needs of community nonprofits.
How much funding has Boardable raised?
Boardable has raised a total of $17.6M across 4 funding rounds:
Angel/Seed
$3M
Angel/Seed
$4M
Other Financing Round
$8M
Series A
$2.6M
Angel/Seed (2019): $3M with participation from VisionTech, Collina Ventures, and High Alpha Capital
Angel/Seed (2019): $4M led by VisionTech and High Alpha
Other Financing Round (2020): $8M supported by High Alpha and Base10 Partners
Series A (2022): $2.6M featuring VisionTech Partners, Collina Ventures, and Base10 Partners
Key Investors in Boardable
High Alpha
High Alpha is a venture firm that creates and funds B2B SaaS companies, partnering with founders to build businesses that reach their full potential. They invest in enterprise software companies and co-create with founders to explore, build, and scale together.
Collina Ventures
Collina Ventures, LLC is a private investment firm that focuses on technology companies in Central Indiana. The firm aims to support highly qualified entrepreneurs in achieving their dreams while enjoying their journey.
Base10 Partners
Base10 is a technology investment firm focused on investing in founders who address challenges faced by the majority of the population. The firm is committed to donating 50% of profits from its largest investments to support scholarships at underfunded colleges.
What's next for Boardable?
The recent major strategic investment in Boardable signals a pivotal phase for the company, likely aimed at accelerating product development, expanding market reach, and enhancing customer support for its nonprofit clientele. With a total funding amount of $17.6M, the company is well-positioned to scale its operations and further solidify its standing in the nonprofit technology landscape. Future initiatives may include deeper integration of AI-driven insights for board performance, broader outreach to international nonprofit organizations, and strategic partnerships to enhance its service offerings. This capital infusion is expected to drive innovation and reinforce Boardable's commitment to empowering nonprofits through advanced technology solutions.
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