Boardable, an Indianapolis, Indiana-based online board management platform, closed a $3m seed funding round.
Backers included High Alpha Capital, along with VisionTech and Collina Ventures.
The company plans to accelerate the growth of its team, adding product options and increasing marketing efforts, and plans to double full-time employees by the end of 2020.
Boardable hopes to have 30 employees in the next 12 months and is looking at adding another office in Australia to service and educate their audience of nonprofits around the world. This money will aid in developing and rolling out new product options aimed at small nonprofits, volunteer groups, and businesses, as well as more robust options for customers needing advanced features and functionality.
Led by Jeb Banner, CEO, Boardable is an online board management portal that centralizes communication, document storage, meeting planning, and everything involved with running a board of directors for those who serve their communities.
The company currently has have over 500 customers in more than 25 countries and sixteen full-time employees based in Indianapolis.