You are currently viewing This female-founded Swedish startup raises €1.6M for its board and management team evaluation platform

This female-founded Swedish startup raises €1.6M for its board and management team evaluation platform

Stockholm-based startup BoardClic, is a platform for digital evaluations of boards of directors and the C-suite, developed to fill the digital gap and offset global regulatory pressure when it comes to board evaluations.

In a recent development, BoardClic announced that it raised €1.6M in its Seed round of funding.

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Investors in this round

The round was led by Subvenio Invest, a VC firm that invests in fast-growing technology and healthcare companies, together with its network of independent investors.

Additionally, existing owners such as Curitas Ventures, Brofund, and the company’s founders also participated in the financing round.

Capital utilisation

With these funds, the company will continue to invest in product development and accelerate expansion, both in the Nordics and internationally.

Speaking on the development, founder and CEO of BoardClic, Monica Lagercrantz, says, “It has only been a matter of time until digitalisation and relevant data should enhance the board work. At BoardClic, we have made this happen, as we give boards an opportunity to focus on what is really important, and gain an understanding of how they can increase the degree of efficiency and value-creation.” 

“It is important to work regularly and frequently to analyse the board’s performance, in a time-efficient manner of course. With new capital, we look forward to being able to meet the great demand we see globally even faster,” she added.

Everything about BoardClic

Founded in 2018 by Monica Lagercrantz and Malin Lombardi, the SaaS startup provides insights on performance and transparency to align board and management teams of companies and help them achieve excellence. The founders have decades of experience in advising shareholders and board members in top companies globally.

BoardClic’s ambition is to both simplify and improve evaluations of boards and management groups – it does this by continuously measuring and analysing data. The company claims its solution helps customers conduct evaluations that are time and cost-efficient, documentable and transparent, as well as measurable and comparable – both internally and externally.

Besides, BoardClic’s product also helps its customers achieve enhanced Environmental, Social and Governance (“ESG”) compatibility. The product is sold via a subscription-based model where the customer and its users have unlimited access to the product.

Since its product launch in 2019, the company has boarded around 70 customers, including 3i, BGF, Bristol Water, Destiny Pharma, and Enquest. In addition, the company has a number of relevant partners, including collaborations with Grant Thornton UK, Admincontrol and StyrelseAkademien Stockholm.

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