CLEVELAND, March 5, 2014 /PRNewswire/ -- StreamLink Software, the software-as-a-service (SaaS) technology provider and creator of leading-edge grant management and board management software products for nonprofits and the public sector, today announced it has closed a $3.5 million Series A financing round led by a group of Ohio angel investors. Chicago-based firms Hyde Park Venture Partners and Hyde Park Angels also participated in the investment, along with Blu Venture Investors from Virginia and North Coast Angel Fund from Ohio. The growth capital will be used to expand the company's sales and marketing initiatives, drive continued product innovation and invest in new industry segments.
"As compliance requirements continue to become more complex, there is a growing demand for transparent, efficient and centralized process management structures and technology," said Adam Roth, founder and CEO of StreamLink Software. "This investment will allow us to accelerate our growth and continue to transform the way organizations run their businesses."
StreamLink Software's key product offerings, AmpliFund and BoardMax, help nonprofits and the public sector increase efficiency, streamline activities and secure additional revenue while simplifying the growing complexities inherent to grant and board management. AmpliFund helps nonprofit and public organizations manage every stage of the grant lifecycle, from pre-award research and planning to post-award performance and reporting. BoardMax board management software provides a centralized hub for all board-related information and activities, saving time and money while increasing board engagement and mitigating risk.
"StreamLink Software has experienced remarkable growth and is transforming the way organizations manage their grant processes and board communications," said Todd Federman, StreamLink Software Director and Executive Director at North Coast Angel Fund.
StreamLink Software works with hundreds of well-respected organizations around the country including Ronald McDonald House Charities, Catholic Charities USA, Monroe Community College, College of Lake County, Christian Brothers University, American Endowment Foundation and more.
About StreamLink Software:
Founded in 2008, StreamLink Software (http://www.streamlinksoftware.com) designs, develops and markets leading-edge process management tools for nonprofit and public sector institutions. The company's flagship grant management solution, AmpliFund, automates hundreds of complex activities throughout the grant lifecycle, thus freeing up valuable resources to pursue additional funding. Its board management portal, BoardMax, helps organizations engage and communicate with board members. Improved coordination and information sharing translates into less administrative work and more involved board members. Both products are high-value, affordable software solutions, designed to help nonprofit and public sector entities maintain compliance, generate revenue and build capacity.
SOURCE StreamLink Software