StreamLink Software, a Cleveland, OH-based provider of grant and board management solutions for nonprofits and the public sector, raised $3.5m in Series A financing.
Backers included Hyde Park Venture Partners, Hyde Park Angels, Blu Venture Investors and North Coast Angel Fund.
The company intends to use the funds for product development, investments in new industry segments and expansion of its sales and marketing efforts.
Founded in 2008 by Adam Roth, founder and CEO, StreamLink Software provides a software-as-a-service (SaaS) grant management and board management software products for nonprofits and the public sector,
Products include AmpliFund, which enables nonprofit and public organizations to manage the stages of the grant lifecycle, from pre-award research and planning to post-award performance and reporting, and BoardMax, a board management platform for all board-related information and activities.
The company works with hundreds organizations around the country including Ronald McDonald House Charities, Catholic Charities USA, Monroe Community College, College of Lake County, Christian Brothers University, American Endowment Foundation.
According to FinSMEs, they had already announced a $600k funding in 2009 (read here).