What is BoardMaps?
BoardMaps, established in 2011 by seasoned management professionals, specializes in creating advanced applications designed to enhance communication and collaboration for Boards, Committees, and Executives. The company's flagship product, also named BoardMaps, launched in October 2013, has experienced rapid adoption, currently serving over 85 boards and committees with more than 2,000 users facilitating over 10,000 meetings. Demonstrating its growth trajectory, BoardMaps expanded its international presence in 2015 to India, Poland, Singapore, and the UAE, and is establishing a second development center in India.
How much funding has BoardMaps raised?
BoardMaps has raised a total of $3.3M across 2 funding rounds:
Angel/Seed
$1.1M
Private Equity
$2.2M
Angel/Seed (2014): $1.1M with participation from Buran Venture Capital
Private Equity (2014): $2.2M led by Buran Venture Capital and LANIT group of companies
Key Investors in BoardMaps
Buran Venture Capital
Buran Venture Capital is a Central and Eastern European venture fund focused on investing in e-commerce services, Online Media, Mobile Internet, and SaaS. They invest between US$500k to US$5m in portfolio companies and actively contribute to strategy, fundraising, and financial controls.
LANIT group of companies
LANIT group of companies, founded in 1991, specializes in reengineering complex systems, developing software and IT systems, digital audio/video processing, and information security. Their focus is on providing comprehensive IT solutions.
What's next for BoardMaps?
With the recent major enterprise-level funding, BoardMaps is poised for significant expansion. The company plans to launch its next-generation product, ExecuMaps, in 2016, extending its collaboration and communication functionalities to mid-to-junior level employees across organizations of all sizes. Furthermore, BoardMaps is developing a compliance automation platform as an add-on to its core product, enhancing governance capabilities. This strategic investment will likely fuel product development, international market penetration, and the scaling of its operational infrastructure.
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