Indianapolis-based High Alpha has launched its latest studio company. Bolster, which is headquartered in New York, provides a cloud-based executive talent marketplace designed to match startup and scale-up companies with top executive talent.
Bolster launched with $6 million in initial funding from High Alpha, California-based SVB Financial Group (Nasdaq: SIVB), New York-based Union Square Ventures and California-based Costanoa Ventures.
The company is led co-founder and chief executive Matt Blumberg and a team of seven co-founders.
“We are excited to create a new business to focus on the unique needs that CEOs face in rapidly scaling up and diversifying their leadership teams and boards,” said Blumberg. “Our team worked on a number of these issues over the last 20 years and believe that we have a unique perspective on how to help other companies think differently about accessing executive talent.”
Bolster says its platform enables investors to connect their talent networks to the executives of their portfolio companies. It also provides software and services to help chief executive officers assess and benchmark their leadership teams and board.
“The gig economy has created an unprecedented opportunity for millions of workers and this powerhouse trend has now reached the C-Suite,” said Scott Dorsey, managing partner at High Alpha. “Seasoned tech executives can really help start-ups and scale-ups get to the next level and build more diverse teams and Boards of Directors.”
Bolster says it plans to add more functionality the marketplace in the coming months.