Alignable raises $1.5M


What does Alignable do?
Alignable, is the network for local business owners. It is a Silicon Valley based venture capital firm. The company is the network which is exclusive for the local business owners for connecting. The company provides a platform which is available for both mobile and desktop. The local business owners have the chance of building meaningful relationships, engaging and collaborating in valuable question and answer, learning and creating new referral opportunities together.

How much Alignable was funded?
Alignable raised $1.5M in undisclosed round on June 23, 2016 from Recruit Strategic Partners.

Previous funding
$3.54M in undisclosed round on April 1, 2014 from Saturn Partners, NextView Ventures, Crunch Fund and Boston Seed Capital
$8M in undisclosed round on September 21, 2015 from Lead Edge Capital, NextView Ventures, Saturn Partners and Mayfield Fund

What is next for Alignable?
With this funding round the company has raised a total of $13.5 M. The company plans to use the latest funding raised for accelerating user growth, engagement and to hire new employees in its Boston office, where the company has its headquarters. During the past twelve months, the company has driven positive engagement and growth, increasing from seven thousand to eight thousand communities in North America and increasing SMB connections made on the platform from half million to over a million. The company is growing in exciting ways as its continues placing its strategic bets on the requirements of its local business owners.

More about Alignable
Alignable was founded in 2012 by Venkat Krishnamurti and Eric Groves. It has its headquarters in Boston. The company primary aim is connecting business owners with each other within hyper localized communities by providing platform and network for engaging with each other. The company is growing in exciting ways as it is continuing to place its strategic bets on the needs of the business owners. The company has established over a million meaningful relationships. This is available on mobile and desktop app.