Indianapolis-based Boardable has closed on a $2.6 million Series A-1 round of funding. The company, which has developed an online board management and meetings platform, has also selected Jon Schwander as chief financial officer.
The funding round was led by San Francisco-based Base10 Partners, with participation from previous investors VisionTech and Collina Ventures, as well as new investor IU Ventures.
Combined with a previous round in December 2020, Boardable’s total Series A funding is $10.6 million.
“Boardable is well-positioned to lead the next generation of efficient board management to mission-driven organizations,” CEO Jeff Middlesworth said in written remarks. “This additional investment will fund product innovation and accelerate growth in markets that need board management tools the most.”
Boardable has created an online portal designed to centralize everything involved with running a board of directors, including communication, document storage and meeting planning.
Jon Schwander joins the company after serving as executive director of iTown Church in Fishers. He is also the former CFO of Reynolds Farm Equipment in the Hamilton County town of Atlanta.
“I’ve admired Boardable for a long time and am thrilled to be joining this wonderful company,” Schwander said. “I love our mission to help organizations reach their fullest potential through their staff, boards, and committees.”
Boardable secured a total of $4 million in two seed rounds in 2019. The company was featured on the Top Indianapolis Startups to Watch in 2022 and Best Places to Work in Midwest Tech 2022 lists by Detroit-based startup and tech community Purpose Jobs.