DURHAM, N.C.--(BUSINESS WIRE)--Enlight, a leading provider of board intelligence management software, today announces it has secured $1.4M in seed funding from Clarkston Consulting and Farient Advisors, which will power the boardroom with relevant news, strategic insights and data--in context, in one place and in real-time. Enlight will use its new funding to accelerate product development, expand its marketing reach and enhance sales efforts.
“Because of the pressure on directors to be constantly informed about the changing marketplace, board members who rely on traditional means to gather information are feeling more vulnerable than ever,” said Michelle Tartalio, Enlight’s Co-Founder, Research Director and Advisory Board Chair. “New domain areas, such as cyber security, activist challenges and rapidly disruptive forces are changing the way directors need to access independent market information.”
Tom Finegan, Enlight’s CEO, concurs, adding that boards need and want solutions to manage the inherent challenges of staying informed about rapidly changing market forces. “From our discussions with Enlight’s customers, prospective customers, partners and advisors, we know that executives and board members alike want and need real-time intelligence to take advantage of opportunities—and to minimize risks and costs. Enlight’s vision is to provide that intelligence in easily accessible and digestible ways.”
The company is now working with stakeholders to solidify the near-term product plan and validate its go-to-market strategy. “The seed funding is wonderful news in the evolution of Enlight’s business,” said Martin Coyne, Chairman and Founder of CEO Learning Network and a member of Enlight’s Advisory Board. “We look forward to using these proceeds to launch the product and to scale research and sales.”
Robin Ferracone, founder and CEO of Farient Advisors, experienced startup investor and four-time recipient of the prestigious NACD Directorship 100 for her influential role in corporate governance and the boardroom, anticipates that her firm’s investment will yield significant returns. “Enlight has experienced a lot of momentum over the last several months,” she said. “We expect rapid acceleration to be the name of the game for Enlight from this point forward.”
Investors, executives and board members interested in following Enlight’s progress can follow the company’s blog and sign up for its e-newsletter at http://www.enlightresearch.com.
About Enlight: Enlight delivers a breakthrough board intelligence management software elegantly designed to power the boardroom with relevant news, strategic insights and data--in context, in one place and in real-time. This service ensures that board members make evidence-based and confident decisions that keep their companies ahead of activists, the competition and market shifts. Enlight was founded in 2010 and is headquartered in Raleigh, North Carolina. Learn more at www.enlightresearch.com.