Passageways, a Lafayette, Indiana-based provider of secure collaboration software for employees and board of directors, closed a strategic growth investment from Five Elms Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to enhance products and expand its market reach.
Founded in 2003 and led by CEO Paroon Chadha, Passageways provides boards and committees with a meeting solution which facilitates digital agendas and document creation, and includes tools for meeting notifications, surveys, approval of initiatives, and electronic signatures.
Agendas and documents may be securely accessed, reviewed, and marked with notes and annotations anytime, anywhere, from any device.
The company’s OnSemble employee intranet solution is used by over 55,000 individuals at over 2,000 organizations.