Boardable Secures $1 Million in Seed Funding From High Alpha Capital

New strategic investor joins Boardable to help fuel growth of the
nonprofit tech platform

INDIANAPOLIS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/boardengagement?src=hash” target=”_blank”gt;#boardengagementlt;/agt;–Boardable,
an online board management platform, announces today the completion of a
$1 million seed round from High
Alpha Capital
. To support its mission of increasing board member
engagement for nonprofits, Boardable plans to invest the funding into
talent, product, marketing, and sales, aiming to double full-time
employees at the company by the end of 2019. With High Alpha Capital’s
new partnership through the investment, Eric
Tobias
, partner at High Alpha, will join Boardable’s board of
directors.

“The collaboration between Boardable and High Alpha Capital is a natural
fit. I have a long history of working with members of the High Alpha
team on several projects, so I know and trust them. Boardable had
originally planned to do a smaller bridge round, but it didn’t take long
for us to see High Alpha Capital’s value as a strategic asset,” said Jeb
Banner
, CEO of Boardable. “Nonprofits have been overlooked from a
SaaS perspective for a long time, and now we’re starting to see venture
capital coming in, and that’s exciting news for not just Boardable, but
for the entire nonprofit tech space. We believe High Alpha Capital’s
involvement will be transformative, and we look forward to having Eric
join our board and help us accelerate.”

“Boardable is an essential tool for nonprofits looking to better engage
their board members. High Alpha Capital is excited to be partnering with
Jeb and the Boardable team and to be making our first investment in the
nonprofit tech space,” says Tobias. “The transfer of wealth in the U.S.
over the next 20 to 40 years will be significant, with most experts
estimating that $50 to $60 trillion will change hands. We believe a
significant portion of this transfer will make its way to nonprofits,
making them even bigger operations than they are today and encouraging
them to make increased investments in technology. We believe Boardable
is well positioned to capture on this trend.”

Founded in 2017, Boardable is a purpose-driven company that serves those
who serve their communities. Its software enables nonprofits to create
healthy, effective boards. The company currently has more than 350
customers in more than 20 countries and eight full-time employees based
in Indianapolis. Boardable previously raised $1.35 million through an
early-stage friends and family investment round backed by many
Indianapolis-area angel investors.

About Boardable:

Boardable is an online board management portal that centralizes
communication, document storage, meeting planning, and everything
involved with running a board of directors. Founded in 2017 by nonprofit
leaders and founders, Boardable has a mission to improve board
engagement for nonprofits. Boardable is based in Indianapolis, Indiana.
Learn more at www.boardable.com.

Contacts

Media Contact:
Allyson Johnson
BLASTmedia for Boardable
317.806.1900
x 109
allyson@blastmedia.com

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