Passageways Closes Strategic Growth Investment

Funding Rounds

▤ Summary

Passageways , a Lafayette, Indiana-based provider of secure collaboration software for employees and board of directors, closed a strategic growth investment from Five Elms Capital.The company intends to use the funds to enhance products and expand its market reach.Founded in 2003 and led by CEO Paroon Chadha, Passageways provides boards and committees with a meeting solution which facilitates digital agendas and document creation, and includes tools for meeting notifications, surveys, approval of initiatives, and electronic signatures.Agendas and documents may be securely accessed, reviewed, and marked with notes and annotations anytime, anywhere, from any device.The company’s OnSemble employee intranet solution is used by over 55,000 individuals at over 2,000 organizations.

$ Funding

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Amount $5.0M Total raised
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Date September 17, 2018 Announcement date
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Investors Five Elms Capital Lead investors
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Company http://www.passageways.com Funded company

▥ Classifications

industries
No industries detected
applications
Collaboration & Communication

◇ AskAI Classifications

Labels
Board Management Software SaaS Enterprise Software

▦ Linked Companies

OnBoard
$10M to $25M