Total amount raised
$15.8 Million
Latest funding date
9/1/2020
Location
Blueboard has successfully raised funding over three rounds, with the latest being a Series A round. Blueboard ceased operations on March 12, 2024 after failing to secure new funding.
What Is Blueboard?
Blueboard is an experiential rewards and recognition platform designed for the modern workplace. The company operated in the enterprise software and human resources markets until it ceased operations on March 12, 2024.
Blueboard was founded in San Francisco in 2014, later moved to San Diego, and employed more than 200 people before the shutdown. Blueboard raised USD 15,800,000 across three rounds, the last a USD 9,300,000 Series A in September 2020.
How Much Funding Has Blueboard Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: July 2015
- Lead Investors: Moatable
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Series Unknown
- Amount Raised: USD 4,500,000
- Date: August 2018
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and scale operations.
- Series A
- Amount Raised: USD 9,300,000
- Date: September 2020
- Lead Investors: Origin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and accelerate growth.
Total Amount Raised: USD 15,800,000. Current Valuation: Not publicly disclosed. HR Executive reported Blueboard's total funding at USD 24,000,000, so this figure may not capture undisclosed rounds.
Key Investors
- Origin Ventures
- Details: Origin Ventures is a venture capital firm that invests in early-stage companies. They focus on providing capital and strategic support to help startups grow.
- Investment Focus Areas: Technology, Consumer Products, Enterprise Software
- Notable Investments: Grubhub, Cameo, Tock
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that specializes in post-seed funding. They aim to bridge the gap between seed and Series A rounds.
- Investment Focus Areas: Fintech, SaaS, Marketplaces
- Notable Investments: FanDuel, Ipsy, Namely
- Moatable
- Details: Moatable is an investment firm that focuses on early-stage startups. They provide both financial and operational support to their portfolio companies.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: Not publicly disclosed
What's Next for Blueboard?
Blueboard ceased operations on March 12, 2024 after failing to secure new funding. Its secured lender foreclosed on its assets and swept its bank accounts, and the board appointed an assignee for an Assignment for the Benefit of Creditors liquidation. Terryberry set up a USD 2,500,000 reserve for former Blueboard clients on March 20, 2024, and Salt Labs created a USD 20,000 relief fund on March 18, 2024. No further fundraising is expected.
Blueboard's outcome is documented: it ceased operations on March 12, 2024 and its assets were liquidated through an Assignment for the Benefit of Creditors.
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