Participated · Series A · Nov 2022

Boardable is an online board management and meetings platform that centralizes communication, document storage, meeting planning, and other tasks involved with running a board of directors. Led by CEO Jeff Middlesworth, the company offers a portal to streamline board workflows and governance. Boardable is based in Indianapolis, IN. The company raised $2.6M in a Series A-1 financing and intends to use the proceeds for product innovation and to accelerate growth in markets that need board management tools the most. The Series A-1 brings Boardable’s total Series A funding to $10.6M. Boardable provides an online board management portal that centralizes communication, document storage, meeting planning, note recording, and virtual meeting functionality for nonprofits. The platform helps organizations move to paperless board management, streamline trustee onboarding, organize meeting minutes and facilitate voting among board members. Customers include large nonprofits such as the YMCA, The Salvation Army, Big Brothers Big Sisters of America, and Girl Scouts of Indiana, and users report improved efficiency and engagement. Boardable was founded in 2017 by nonprofit leaders and is based in Indianapolis, Indiana. The company says it reduces the administrative friction of managing volunteer-heavy boards and aims to be a one-stop governance tool for nonprofits. Following its recent fundraise, Boardable plans to expand its team, pursue new markets, and build new product capabilities. Boardable is an Indianapolis-based online board management portal led by CEO Jeb Banner that centralizes communication, document storage, meeting planning and other tasks involved in running boards of directors. The company serves nonprofits, volunteer groups and businesses, and currently has over 500 customers in more than 25 countries. Boardable plans to accelerate team growth, add product options, and increase marketing efforts using the new funding. It aims to double full-time employees by the end of 2020 and hopes to reach 30 employees in the next 12 months. The company is also considering adding an office in Australia to better service and educate its global nonprofit audience. Funds will be used to develop and roll out new product options for small nonprofits and volunteer groups as well as more robust features for customers needing advanced functionality. Boardable provides an online board management platform designed to help nonprofit boards centralize communication, document storage, and meeting planning. The company was founded in 2017 by nonprofit leaders and is based in Indianapolis, Indiana. Boardable serves more than 350 customers across more than 20 countries and had eight full-time employees at the time of the article. The company’s mission is to improve board engagement for nonprofits, and it plans to invest new funding into talent, product, marketing, and sales. Management aims to double full-time headcount by the end of 2019 to support growth. Boardable previously raised $1.35 million in an early-stage friends-and-family round backed by Indianapolis-area angel investors.

Participated · Equity · Jan 2022

Lumavate offers a no-code mobile app building platform—comprised of the Command Center, Studio, and Lumavate Library—that lets business users design, build, test, and publish mobile apps without development resources. The company plans to use the new funding to scale its go-to-market team and continue platform innovation. Lumavate positions the platform to provide enterprise-grade scale, security, and oversight while supporting a variety of use cases from marketing campaigns to employee communications. The company reported a 216% increase in the number of apps built on its platform in 2021 and a 173% increase in items in the Lumavate Library. Lumavate emphasizes collaboration between business users and IT through centralized management and Starter Kits and integrations to accelerate app delivery. Lumavate provides a cloud-based platform for building, testing, and delivering progressive web apps (PWAs), giving marketers a library-driven builder and developers the ability to add custom widgets, microservices, and components. Recent product enhancements include Starter Kits for common use cases, an expanded Lumavate Library, Command Center version management, and multi-device previewing in Lumavate Studio. The platform emphasizes IT control over app architecture while empowering business users to build and modify apps. The company cites enterprise customers such as Roche, Indianapolis Motor Speedway, Trinchero Wines, Toyota Industrial Equipment, RhinoAg, Coca-Cola, and Delta Faucets. Lumavate announced it raised more than $3 million in funding from BioCrossroads, Elevate Ventures, Collina Ventures, and 4G Ventures. The company says the funding will be used to expand its product offering and grow its product, sales, and marketing teams. Lumavate provides an enterprise platform for developing progressive web apps (PWAs) at scale, enabling marketers to design and deploy highly-personalized mobile experiences using reusable widgets or custom widgets from IT. The platform positions PWAs as a lower-cost, faster alternative to native mobile apps and emphasizes cross-browser availability backed by major tech players. Lumavate says its solution increases adoption and long-term engagement through smart activation methods and serves a growing roster of enterprise clients, including a Fortune 100 company. The company plans to use new funding to grow its product, sales, and marketing teams and to further develop its offering to meet industry needs. Lumavate also recently launched a Partner Program to support marketing agencies, consulting and system integrators, activation companies, and technology partners. Lumavate provides an intelligent SaaS platform that connects products and end-users at key moments in a product’s lifecycle. The platform combines the simplicity of smart packaging with IoT capabilities to create a captive channel companies own and control. Lumavate positions this channel to help manufacturers monetize IoT strategies, capture aftermarket revenue, and reduce operating and support costs. The company said it will use the new funding to scale sales and marketing and to accelerate product development around customer-experience solutions related to the Internet of Things. John True, a technology veteran with senior executive experience at PTC, Ariba, Equallogic and Guidewire, joined Lumavate’s Board of Managers. CEO Paul McGrath said the company is seeing market momentum and expects the funding and board additions to help scale the business.

Participated · Series A · Jul 2019

Perq provides a cloud-based marketing technology platform that enables businesses to engage with consumers and capture unique user data for personalized marketing campaigns to increase conversion and sales. Founded in 2001 by CEO Andy Medley, the company serves more than 1,000 businesses across the home furnishings, auto retailing and multifamily industries. Its offering, branded as the Marketing Cloud, centralizes user data and drives personalized campaigns for clients. The company intends to use the newly raised funds for continued growth and development of its solutions. The article does not disclose revenue or other financial metrics beyond customer count. Perq is an Indianapolis-based online consumer engagement and shopping behavior company that provides a guided online shopping solution. The platform dynamically changes existing websites to deliver the next best step in each buyer’s shopping journey and boost conversion. It leverages over 10 million consumer data points along with real-time visitor behavior. The solution is used by over 1,000 businesses across the automotive, multifamily and home furnishing verticals. Founded in 2001 by Andy Medley (CEO) and Scott Hill (Executive Chairman), Perq plans to expand its AI-driven SaaS solution for big-ticket retailers into multiple verticals. The company recently closed a $4M funding round to support that expansion. Perq, founded in 2001 and headquartered near 71st Street and Georgetown Road in Indianapolis, develops marketing-technology and advertising products. Its flagship product is Fatwin Web Engagement, a software-as-a-service tool launched in summer 2015 that transforms retailer websites into "digital sales people" with dynamic learning features and calls to action. Fatwin reached $1 million in sales this spring and had attracted about 200 customers before the company raised outside capital. Perq employs 92 people and planned to add 30 more by the end of 2017. The company had not raised outside financing prior to this round and is focusing its growth around Fatwin while continuing advertising services to support that growth. Perq raised venture capital to accelerate Fatwin's growth, planning to deploy the funds mainly for sales and marketing.

Participated · Equity · Mar 2019

SharpenCX provides a unified, all-in-one contact center platform built with an agent-first design, cloud-native architecture, and a holistic AI environment. The platform offers a simple omnichannel agent interface, advanced analytics and reporting, and configurable agent experiences designed for easy implementation and immediate ROI. SharpenCX emphasizes empowering agents to deliver better customer interactions and positions its product as a next-gen CCaaS/UCaaS solution. The company was founded in 2011 and says the new investment will accelerate product innovation and continue its focus on serving customers. The announcement does not disclose operating metrics such as revenue or user counts. Sharpen Technologies is an Indianapolis, IN-based provider of an agent-first omnichannel cloud contact center platform. Led by CEO Bill Gildea, the platform enables agents to work from anywhere with a PC, headphones, and an internet connection. The software consolidates calls, texts, webchats, emails, and social media into real-time, single interactions so agents can move seamlessly between channels. The company said it will use the funds to expand operations and broaden its business reach. The article does not disclose operating metrics such as revenue or user counts. The report frames the product as a work-from-anywhere solution for contact center agents. Sharpen Technologies develops an agent-first omnichannel cloud contact center platform that lets users work-from-anywhere and handle calls, texts, webchats, emails, social media, and video in real time within a single interaction. The product emphasizes agent experience with out-of-the-box integrations, reporting and analytics, and has been recognized for dramatic ROI by Frost & Sullivan and rated highly by Nemertes Research. The company reported a 236% increase in new bookings in 1H 2020 versus 1H 2019 and a 137% growth rate over the last three years, earning a spot on the 2020 Inc. 5000 list. Sharpen has raised more than $40 million to date and announced a $12 million growth funding round to fuel continued expansion. Management says the round will support continued innovation on its agent-first platform and maintain a high-touch service model. Sharpen positions itself to capture increased cloud contact center adoption as Gartner notes limited pre-pandemic cloud transition and rising work-from-home trends in CX workforces. Sharpen Technologies offers a cloud-native, agent-first omni-channel contact center platform that gives agents a single interface to manage communications across multiple channels. Its proprietary Agent Experience Score (AXS) measures agent performance and well-being. The platform promises financially backed 99.999 percent uptime and addresses long-standing agent issues that degrade customer experience. Sharpen markets a full-featured solution aimed at improving customer service and scalability for contact centers. The company plans to use new capital to grow its sales team, extend market reach, and expand the product platform. In 2018 Sharpen reported strong operating momentum: new contract dollar amount rose 700 percent, booked annual recurring revenue grew 150 percent year-over-year, and contact center customer count increased 80 percent versus 2017.

Participated · Equity · Aug 2018

Codelicious is a Boston, MA-based provider of full-year computer science curriculum for K-12 schools and districts. Led by CEO Christine McDonnell, the company currently serves more than 100 schools and districts in 23 states. Its patented technology tailors instructional assets to a school or district’s unique instructional cadence to deliver customized, grade-level differentiated courses aligned with state and national computer science standards. The curriculum includes lesson plans, assessments, and standards mapping, providing teachers with everything needed to teach computer science. The company updates its curriculum regularly to stay current with new technology. Codelicious intends to use the funds to continue to expand operations and its business reach. Codelicious offers a full-semester, interactive computer science curriculum for grades 3–8 delivered via a SaaS "Curriculum as a Service" model and supported by a patent-pending technology. The platform is designed to help elementary and middle-school teachers with limited CS background by supplying lesson plans, professional development, and tools to build instructor and student skills. Codelicious began building its curriculum in 2016 and launched its subscription offering in January 2017. The company reports more than $100,000 in revenues and currently has 10 paying clients with additional clients in the pipeline. Codelicious says its curriculum keeps teachers connected with current technology and aims to build confidence in both educators and students. Planned uses of new funding include scaling sales and marketing, building out intellectual property, and adding personnel to drive scalable growth.