Startup Raises Funding for Nonprofits’ Board Management System

By Thomas Price | Monday, 11 January 2021 | Tech, Finance, Startup

The COVID-19 pandemic has drastically changed the way the business world operates. With more work being done remotely and without in-person contact, the tools to properly accomplish this work need to be well crafted. Especially for nonprofits, which cannot afford to build or purchase the most expensive software, the demand for affordable, high-quality board management systems remains incredibly high. Boardable is a startup looking to help alleviate that problem with its developed board management system created specifically for use by nonprofits. As a result, the company has garnered attention from a variety of sources. 

So, what kind of startup is Boardable, what type of funding has been raised, and what are the plans for the startup's future?

What Is Boardable?

Boardable is a startup based in Indianapolis that has developed and provided board management software tools to nonprofit organizations. The company’s software offers a variety of different features, which include flexible agenda creation that can be created from scratch and customized based on organizational needs or selected as a template, a centralized communication portal, a streamlined scheduling tool, and easy integration between different programs for board operations.

Furthermore, the startup offers safe and secure data encryption for all documents and files. Perhaps most importantly for many nonprofits, all of this is available for use starting at just $79 a month. Boardable is currently near the forefront of software developed specifically with nonprofits in mind, as this specific market is growing in the eyes of many investors.

Until very recently, nonprofit organizations were considered underserved by the technology community. Boardable dived directly into this overlooked market, allowing it to gain much interest and appreciation. The startup’s focus on nonprofit organizations has also garnered some major clients and partners, showing the industry’s immense potential.

In fact, Boardable is partnered with Big Brothers Big Sisters of America, The Salvation Army, The YMCA, Goodwill Industries, the Australian Association of Psychologists Inc., the Girl Scouts of Central Indiana, and many other organizations. The startup’s software has helped its clients transition to a paperless work system. This transition can provide a real benefit to these nonprofits, with operations for many of them having to nearly come to a halt due to the COVID-19 pandemic. A paperless board management system can allow for remote work to be not only accessible but more efficient.

The company’s offerings have attracted a few investors looking for a startup doing something unique with their software.

Boardable’ Recent Funding and Future Plans

In Boardable’s most recent funding round, the startup raised $8 million and was led by Base10 Partners with participation from seed round backer, High Alpha. The company has a few plans to utilize the new infusion of capital. The first of these plans will be to build a larger team of developers and employees. As a result of growing their team, Boardable’s second goal is to create more tools for nonprofits and place themselves in the market as a near-universal software for these organizations.

Boardable is a fascinating startup considering its unique focus. With software built specifically for nonprofit organizations, the startup has a market that almost no one else is really vying for. On top of this, the startup’s software appears to be effective and easy to use as many different high-profile nonprofits utilize it to seemingly great effect.

The company’s recent $8 million in funding will only help the startup grow even further and continue to improve upon the many different tools it currently offers. Given these many factors, Boardable looks set for success in the years to come.

About the Author

Thomas Price

Tom Price is a writer focusing on Entertainment and Sports Features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.