The modern boardroom is increasingly dynamic and tasked with a number of growing and complex responsibilities. However, the market lacks sophisticated, data-driven, cost-efficient tools to track compliance, effectiveness, and alignment in boards and the C-suite.
Enter BoardClic. The Swedish SaaS B2B platform for digital board and management team evaluations has raised €1.2 million in funding to expand into additional markets across Europe, and build out the company’s U.K. operations. The second seed funding round was led by Subvenio, Curitas Ventures and Brofund Equity. With this latest investment, BoardClic has raised €3.6 million to date.
Founded in 2019, the SaaS company provides benchmarking and qualitative insights on performance and transparency to align board and management teams. The company’s proprietary technology helps companies achieve board and management team excellence.
Monica Lagercrantz, co-founder and CEO of Boarclic, said: “Businesses must now follow an ever-increasing amount of corporate codes and regulations. This means global organisations must maintain exceptional stakeholder engagement and corporate governance structure 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.”
Mikael Ahlström, chairman of Curitas Ventures added: “The progress that BoardClic has made to date, in helping a wide array of companies across Europe to improve and streamline their processes at board and management team levels, has been impressive. It is leveraging digitalisation and relevant data to create real tangible value for boardrooms.”