BoardClic, a Stockholm, Sweden-based SaaS B2B platform for digital board and management team evaluations, announced that it raised €1.2 million in seed second funding.
The round was led by Subvenio, Curitas Ventures, and Brofund Equity. This latest investment means BoardClic has raised €3.6 million to date.
The funding will be used to consolidate the company's sales team, expand into additional markets across Europe, and build out the company's UK operations.
Monica Lagercrantz Midby, Co-founder and CEO of Boarclic, said: "Businesses must now follow an ever increasing amount of corporate codes and regulations. This, in turn, means that global organisations must maintain exceptional stakeholder engagement and corporate governance structure, in order to maintain high governance standards. The modern boardroom is increasingly dynamic, and tasked with a growing and complex responsibility. The market lacks sophisticated, data-driven, cost-efficient tools to track compliance, effectiveness, and alignment in boards and the C-suite. BoardClic, promoting the G in ESG, fills that void."
Since the platform first launched in 2019, BoardClic has built an impressive portfolio of around 250 customers, including Channel 4, Tele2, HGCapital Trust, and Husqvarna. The company has experienced an average year-on-year growth of 200%. The product is sold via a subscription-based model, giving the customer and its users unlimited access to the product.
Company: BoardClic AB
Round: Second Seed Round
Funding Month: September 2022
Lead Investors: Subvenio, Curitas Ventures, and Brofund Equity
Company Website: https://boardclic.com/
Software Category: Board Evaluation Platform
About the Company: Founded by Monica Lagercrantz and Malin Lombardi, BoardClic is a SaaS company with a market-leading product that provides unrivaled benchmarking and qualitative insights on performance and transparency to align board and management teams. BoardClic's tech-led solution offers a library of best practice formats and benchmarking that lets customers conduct advanced, time-and cost-efficient digital evaluations and meet local regulations. By continuously measuring and analyzing data, customers can compare and evaluate their results both internally over time as well as against relevant external companies and sectors. The company's proprietary technology, enjoyed by some 250 customers worldwide, is designed to help companies achieve board and management team excellence. The company is headquartered in Stockholm, with a local office in London.