Boardable, an online board management and meetings platform, secured another $2.6 million to fund product innovation and accelerate its growth in the markets that need board management tools the most.
The online board management portal announced that it closed $2.6 million in Series A-1 financing from existing investors led by Base10 Partners, VisionTech, and Collina Ventures and its new investor IU Ventures. This brings Boardable’s total Series A funding to $10.6 million.
In addition to his, Boardable also announced the hiring of Jon Schwander as its Chief Financial Officer (CFO).
Schwander, who has an extensive background in the finance and software industries and an active leader in nonprofit organizations, said he has admired Boardable for a long time and he is thrilled be the company’s newest addition.
While expressing his love for the company’s mission, Schwander said he is excited to also help organizations reach their fullest potential with through their staff, boards, and committees.
“Boardable is well-positioned to lead the next generation of efficient board management to mission-driven organizations,” said its CEO Jeff Middlesworth.
With the new investments, Middlesworth said they will now be able to fund more product innovations and accelerate their growth in markets that are in need of board management tools.
Rexhi Dollaku, Principal at Base10 Partners, said mission-driven organizations help create the much needed change across a variety of social, economic, and political issues.
He said Boardable offers a solution that is easy to use and one that help customers better run their organizations.
Boardable, which was founded in 2016, is an online board management portal that centralizes communication, document storage, meeting planning, and everything involved with running a board of directors.
Based in Indianapolis, Indiana, its operations is guided by its mission to improve board engagement for nonprofits.
“Boardable was founded by experienced board leaders to increase board and committee member engagement. We’re truly passionate about helping boards succeed,” the company said on its website.