How he did $100m secondary but also raised cash to buy a $5m+ ARR competitor

Paroon Chadha

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Updated: November 19th, 2023

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Paroon Chadha is the co-founder and CEO of OnBoard, a board intelligence software that assists boards in being more informed, effective, and simple.

OnBoard is the board intelligence platform for over 2,000 organizations and their 12,000 boards and committees in 32 countries worldwide.

This is a leading provider of board management software, with customers in higher education, nonprofit, healthcare systems, government, and corporate enterprise enterprises.

The company focused on providing the finest board meeting experience possible, raising funds, acquiring one firm, and divesting another, all in a year's work.

Here are some of their major milestones

The previously bootstrapped business reached a million-dollar sales milestone a year later.
OnBoard is gathering $35M in ARR
3000+ customer base and adding around 80-100 more users per month.
A team of 275 employees, with around 70 people looking after their marketing & sales operations.
Closed $100m funding round at a $400m valuation
Acquired eScribe Meetings, a Toronto-based startup, in 2021 using the recently closed funding.
OnBoard is closing in on a 50% YOY revenue growth rate

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