Alignable, The Social Network for Small Businesses, Raises $8M


What does Alignable do?

Alignable, is a free social network for small business owners. Here the small business owners gather for connecting, collaborating and succeeding together. It helps the small business owners build relationships with others nearby in their industry belonging to their interests. With thousands of communities across North America small businesses now do not have to be alone when searching for answers, finding resources or for collaboration with other business. Alignable is the latest way business owners can gather online.

How much Alignable was funded?

Alignable raised $8M in Venture round on September 21, 2015 from Mayfield (Lead), Navin Chaddha. Mayfield Fund, Saturn Partners and NextView Ventures

Previous funding

$3.5M in Venture round on April 1, 2014 from Saturn Partners (Lead) Partner: Bob Chicoski, CrunchFund, Boston Seed Capital and NextView Ventures

What is next for Alignable?

Alignable has raised a total of $12M in 2 rounds so far. The company plans to use this funding for continuing its investment in building the best product for its members and for the expansion of its base. The company has more than half a million connection which were made between several small business owners on Alignable.

More about Alignable

Alignable was found in 2012 by Venkat Krishnamurthy and Eric Groves. It has its headquarters in Waltham, MA. This company helps business owners to discover, meet and stay connected wiht other small business owners in their hyper local community. It refers customers to each other through cross promotions, town events organization, swapping advices, building deep local relationships which help the small businesses thrive. The company has so for established over a million connections between small business owners. It has grown rapidly over 7,000 communities across all 50 states of USA and in Canada too. This free social network for SMB is a privately held company which has the backing of prominent investors in small businesses and networking such as NextView Ventures, Saturn Partners, Boston Seed, Lead Edge Capital etc.