What is Boardable?
Founded in 2016 by individuals with firsthand experience in the nonprofit sector, Boardable was established with the core mission of refining the experience of board service and fostering deeper engagement between organizations and their governing bodies. The company has developed a robust software platform designed to streamline operations for community nonprofits. Located in Indianapolis, Indiana, Boardable operates as a purpose-driven entity, aligning its business objectives with its commitment to serving organizations that contribute to their communities. The company's focus on the nonprofit sector positions it as a specialized provider in a niche but critical market.
How much funding has Boardable raised?
Boardable has raised a total of $23M 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 Collina Ventures, VisionTech, and High Alpha Capital
Angel/Seed (2019): $4M led by VisionTech and High Alpha
Other Financing Round (2020): $8M supported by Base10 and High Alpha
Series A (2022): $2.6M featuring Collina Ventures, VisionTech Partners, and Base10
Key Investors in Boardable
Collina Ventures
Collina Ventures is a private investment firm that concentrates on technology companies within Central Indiana, aiming to mentor entrepreneurs and support their growth.
High Alpha Capital
High Alpha is a venture firm specializing in creating and funding B2B SaaS companies, with a focus on enterprise software and co-creation with founders.
Base10
Base10 is a technology investment firm that backs founders addressing widespread challenges and commits profits to scholarships for underfunded colleges.
What's next for Boardable?
The recent major strategic investment signals a new phase of expansion and development for Boardable. With substantial backing, the company is poised to enhance its software platform, broaden its market reach, and potentially explore new service offerings to better support its nonprofit clientele. This infusion of capital is expected to fuel innovation, allowing Boardable to further solidify its position as a leader in board management solutions for the nonprofit industry. The strategic nature of the investment suggests a focus on long-term growth and market penetration, aiming to scale its impact and operational capacity.
See full Boardable company page
