Online Board Management Portal Boardable Raises $8 Million

By Dan Anderson ● December 29, 2020
  • Boardable – a leading online board management software for nonprofits – announced it has raised $8 million in Series A funding led by Base10 Partners. These are the details.

Boardable – a leading online board management software for nonprofits – announced it has raised $8 million in Series A funding led by Base10 Partners with participation from Seed investor High Alpha. This round of funding will enable the company to expand its team, pursue new markets, and build new product capabilities to become a true one-stop-shop governance tool for nonprofits everywhere.

Essentially, Boardable helps nonprofits better manage their board members and the meetings they attend, virtually or in-person. And that helps nonprofits execute their mission more effectively. And Boardable helps nonprofits centralize all communication between customers and their board members, improving meeting scheduling, holding virtual meetings, and organizing meeting minutes for board members and other key stakeholders.

Board-level governance problems are an issue across companies of all sizes and profit status. However, nonprofits have a unique challenge given the large size of their volunteer boards and committees.

Nonprofit board members generally outnumber staff 5 to 1. And Boardable helps keep the organization moving forward in sync with its board and this increases the nonprofit’s impact.

Boardable’s platform works for nonprofits of all sizes, including The YMCA, The Salvation Army, Big Brothers Big Sisters of America, Girl Scouts of Indiana. And many of Boardable’s customers are moving to a paperless approach to board management and easily save time, and paper with Boardable’s note recording and publishing features. And the platform has helped these organizations realize an array of benefits, including streamlined trustee onboarding, better organization of minutes and other important documents, and facilitating voting amongst board members.

KEY QUOTES:

“Most nonprofits manage their board members with ‘digital duct tape’—endless email threads and file sharing services. It’s a terrible experience that drains the board members and staff. Boardable is purpose-built by nonprofit founders to solve this problem, increasing efficiency and engagement. Our partnership with Base10 will accelerate Boardable’s growth in nearly all aspects and allow us to continue solving critical problems for nonprofits.”

– Jeb Banner, CEO of Boardable

“Nonprofits help create the change we need across a variety of social, economic, and political issues. They have generally been ignored by modern software vendors. Boardable’s solution is easy to use and helps non-profits run their organizations better—we’re proud to support Boardable as they help solve these back-office problems for non-profits so that they can focus on what they do best: creating the change we need.”

– Rexhi Dollaku, Principal at Base10 Partners

“I’d recommend Boardable because they get it. Honestly, Boardable gets exactly the pain points that executive directors are experiencing with their board, whether it’s governing or helping to manage the boards better. Boardable understands these pain points and they’ve addressed them in their software. They make it really so that there is no comparison. Boardable has been a true game-changer for our organization.”

– Jeremi Snook of Friendship Force International