K1 Investment Management (“K1”), one of the largest investors in small-cap enterprise software companies, announced a strategic growth investment in Board Intelligence, a leading board management software platform. This investment allows Board Intelligence to strengthen its category-leading position through organic growth, product and geographic expansion and strategic acquisitions.
Headquartered in the United Kingdom, Board Intelligence is trusted by over 40,000 leaders across 3,000 organizations worldwide. Clients include global organizations such as Generali, Schroders, Nationwide, Zurich Insurance Group, Aston Martin and Sage alongside major public sector organizations such as the National Health Service (NHS).
Established in 2010 by founders Jennifer Sundberg and Pippa Begg, Board Intelligence provides software and services that drive better board decision-making. Board Intelligence serves as a trusted advisor to Fortune 500 and Global 2000 chairs and CEOs, helping to optimize board performance. The Board Intelligence board portal is a highly secure system of record, used by board members worldwide to access and collaborate on their board documents. Lucia, an AI-powered report-writing platform, assists management teams in preparing shorter, sharper reports for their boards.
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“We are thrilled to partner with Jennifer and Pippa to build on Board Intelligence’s strong market position,” said Brian Beard, K1. “We have followed their journey for over five years and their dedication to improving boardroom decision-making with innovative AI tools and strategic insights is remarkable. Our investment is a reflection of their category leadership and our confidence in extending that leadership position across corporate clients and public sector organizations globally.”
Jennifer Sundberg, co-Founder and co-CEO of Board Intelligence, said: “Our mission is to transform the effectiveness of every board in the world. K1’s vision for the future of Board Intelligence and their proven expertise in building category leaders will be instrumental in expanding the value we deliver to our clients.”
Pippa Begg, co-Founder and co-CEO of Board Intelligence added: “While we have been profitable and did not need capital, we partnered with K1 because of their operational expertise in scaling companies globally through organic and inorganic growth, and their increasing investment in AI. K1 has a history of building category leaders, and we are excited to leverage their experience to strengthen our product offering.”
SOURCE: PRNewswire