BoardClic announced a €1.6 million seed funding round led by Subvenio Invest.

BoardClic, a Stockholm, Sweden-based SAAS developer of a tool for board management, announced that it raised a €1.6 million ($1.8M) equity round.

The money was raised from investors led by Subvenio Invest, joined by existing investors Curitas Ventures and Brofund.

Boardclic, founded in 2018 by Monica Lagercrantz and Malin Lombardi as a spinoff from the local board and executive search agency Lagercrantz Associates, developed a SAAS solution used by boards and management teams to be evaluated in a fully digitised, well-documented, and transparent manner. The company says it works with some 70 clients from brands including 3i, BGF, Bristol Water, Destiny Pharma, and Enquest.