Raleigh-based Enlight Research, which sells board intelligence management software, has secured $1.4 million in seed funding from Clarkston Consulting and Farient Advisors.
Enlight will use its new funding to accelerate product development, expand its marketing reach and enhance sales efforts.
“Because of the pressure on directors to be constantly informed about the changing marketplace, board members who rely on traditional means to gather information are feeling more vulnerable than ever,” said Michelle Tartalio, Enlight’s co-founder, research director and advisory board chair in a statement. “New domain areas, such as cyber security, activist challenges and rapidly disruptive forces are changing the way directors need to access independent market information.”
Tom Finegan, Enlight’s CEO, added that boards need and want solutions to manage the inherent challenges of staying informed about rapidly changing market forces. “From our discussions with Enlight’s customers, prospective customers, partners and advisors, we know that executives and board members alike want and need real-time intelligence to take advantage of opportunities—and to minimize risks and costs. Enlight’s vision is to provide that intelligence in easily accessible and digestible ways.”
Robin Ferracone, founder and CEO of Farient Advisors, experienced startup investor and four-time recipient of the prestigious NACD Directorship 100 for her influential role in corporate governance and the boardroom, anticipates that her firm’s investment will yield significant returns. “Enlight has experienced a lot of momentum over the last several months,” she said in a prepared statement. “We expect rapid acceleration to be the name of the game for Enlight from this point forward.”
Enlight was founded in 2011 as a division of the Clarkston-Potomac Group.
For more see: www.enlightresearch.com
