Boardable Raises $8 Million for Nonprofit Board Management Software

Boardable, a company headquartered in Indianapolis that delivers board management software specifically designed for nonprofit organizations, has secured $8 million in a recent funding round, according to a company announcement.

This investment was led by Base10 Partners, with additional participation from High Alpha, an Indianapolis-based venture capital firm that previously invested in Boardable during its seed stage.

Boardable equips nonprofit organizations with the necessary resources to streamline their board meetings and provides comprehensive management solutions for their overall operations.

Companies developing software and services for the nonprofit sector are attracting increased attention from investors who are identifying opportunities in areas historically lacking sufficient technological support. Previously in the year, Resilia, a New Orleans-based company, also obtained $8 million in funding to support its own suite of services for nonprofit and charitable organizations.

According to a company release, Boardable intends to utilize this new funding to expand its workforce and create additional tools, with the goal of becoming a complete resource for nonprofit management.

“Many nonprofits rely on makeshift solutions—a constant stream of emails and various file-sharing platforms—to manage their board members. This creates a frustrating experience for both board members and staff. Boardable was created by nonprofit leaders to address this issue, enhancing both efficiency and participation,” stated Jeb Banner, CEO of Boardable.

Numerous organizations, including the YMCA, The Salvation Army, Big Brothers Big Sisters of America, and the Girl Scouts of Indiana, are currently utilizing Boardable’s paperless system to manage their boards.