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Saturday, June 25, 2022

Sweden’s BoardClic raises €1.6 mln to fund growth

BoardClic, a Swedish company selling a SaaS-based product for digital board and management team evaluations, said it has raised a 1.6-million euros in a seed round led by Subvenio Invest to finance investments in product development and to accelerate the company’s rapid expansion both in the Nordics and internationally.

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

Evaluations and analysis of boards and management teams have traditionally consisted of manual elements and consultant-heavy processes. The possibility of a transparent, automated and data-driven process has also been limited. In parallel with the current digitalisation trend, the demands on sound corporate governance and relevant competence of boards and management groups have increased, which has further raised the need for a modern digital evaluation process.

BoardClic sells a SaaS-based product for digital evaluations of boards and management teams.

“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,” said Monica Lagercrantz, founder and CEO of BoardClic.

BoardClic was founded in 2018 by Monica Lagercrantz, CEO, and Malin Lombardi, CPO. Since its product launch in 2019, BoardClic has built a customer portfolio consisting of around 70 customers, including 3i, BGF, Bristol Water, Destiny Pharma, and Enquest.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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