OnBoard, an Indianapolis, IN-based cloud-based board management solution for high-performing boards, secured a $100M strategic growth investment from JMI Equity.
As part of the transaction, JMI Equity’s General Partner Bob Nye, Partner Krishna Potarazu, and Principal Mac Williams, will join the OnBoard Board of Directors.
The company intends to use the funds to accelerate product innovation, organic market expansions and strategic acquisitions, and strengthen continued brand growth to reach more customers and serve the complex needs of boards and leadership teams across North America, EMEA, and APAC.
Led by Paroon Chadha, CEO, OnBoard provides a board intelligence platform to more than 2,600 organizations and their 12,000 boards and committees in 32 countries worldwide. The company serves customers in higher education, nonprofit, health care systems, government, and corporate enterprise business.
The investment will also enhance growth and innovation for OnBoard’s sister solution, OnSemble, an employee intranet platform. OnBoard and OnSemble are products of parent company Passageways, which Chadha founded in 2003.
FinSMEs
12/07/2021