Indianapolis-based Boardable, a supplier of board control instrument gear for nonprofits, has raised $8 million in a brand new spherical of financing, the corporate stated.
The funding got here from Base10 Companions with participation from the corporate’s seed-stage backer, the Indianapolis-based endeavor funding company Prime Alpha.
Boardable supplies organizational gear to lend a hand nonprofits higher arrange their board conferences and provides control answers for nonprofit operations.
Instrument and services and products builders catering to the nonprofit sector are seeing extra pastime from traders as they search for new verticals which have been underserved via era firms up to now. Previous this 12 months, Resilia, a New Orleans-based startup, raised $8 million for its personal spin on services and products for nonprofits and charity organizations.
In a commentary, Boardable stated that it could use the financing to develop its staff and broaden new gear to transform extra of a one-stop store for nonprofit operations.
“Maximum nonprofits arrange their board contributors with ‘virtual duct tape’—unending e-mail threads and document sharing services and products. It’s a horrible enjoy that drains the board contributors and workforce. Boardable is purpose-built via nonprofit founders to unravel this downside, expanding potency and engagement,” stated Jeb Banner, Boardable’s leader govt, in a commentary.
Organizations together with the YMCA, The Salvation Military, Giant Brothers Giant Sisters of The us, the Woman Scouts of Indiana and extra have grew to become to the corporate to make use of its paperless method for board control.