# Sounding Board Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sounding-board-labs

- Industry: Software
- Headquarters: Aliso Viejo, US
- Website: www.soundingboardinc.com
- Total disclosed funding: $45M
- Latest round: Series B (Dec 1, 2021)
- Investors on record: 8

## About

Sounding Board Labs, Inc. specializes in leadership development solutions, providing tailored coaching programs that enhance managerial and executive skills through a scalable platform designed for diverse organizations.Founded in 2016 by Christine Tao and Lori Mazan, Sounding Board Labs, Inc. is headquartered in Aliso Viejo, US. The company focuses on leadership development and has made 6 deals, with its most recent funding round being Series B, which raised USD 30.00 mn on December 1, 2021, to support its growth initiatives. Christine Tao, who also serves as CEO, brings her experience from previous ventures, positioning the company for sustained development in the leadership coaching market.Sounding Board offers a comprehensive suite of leadership development solutions focused on enhancing managerial and executive capabilities through both internal and external coaching programs. Their core product is a scalable platform that integrates various development programs, facilitating customized coaching experiences for organizations seeking to foster leadership at all levels. This platform utilizes a proprietary algorithm for coach matching, ensuring optimal engagement and impact for clients ranging from new managers to high-potential employees and emerging leaders from diverse backgrounds. The company serves a global clientele, addressing the unique challenges posed by digital transformations, talent shortages, and the evolving workplace environment, with a focus on delivering tailored solutions that enhance communication, strategic thinking, and conflict resolution abilities. Sounding Board’s services are utilized by organizations across North America, Europe, and Asia, positioning them as a key player in the leadership development space.Sounding Board's revenue model is primarily based on subscriptions and partnerships, enabling organizations to access their leadership development resources through a structured payment system. Clients typically engage with the company's offerings via annual subscriptions that provide access to their comprehensive coaching platform and related resources. These subscriptions allow firms to implement internal development programs and leverage external coaching expertise, ensuring that leadership development initiatives are aligned with organizational goals. The pricing structure accommodates various program needs, allowing organizations to build, manage, and track their leadership training efforts through a unified software solution. This approach not only maximizes client investment in talent development but also promotes a measurable return on investment as organizations cultivate dynamic leaders capable of driving growth and innovation.In December 2021, Sounding Board Labs, Inc. raised USD 30.00 mn in Series B funding co-led by new investors JAZZ Venture Partners and Tech Square Ventures, alongside returning investors like Bloomberg Beta and Canaan Partners. The funding will facilitate the acceleration of their coaching management system, aimed at providing organizations with a unified platform to manage all coaching engagements, thereby enhancing transparency and accountability in leadership programs. The company is expected to continue expanding into North America, Europe, and Asia, further solidifying its presence in leadership development solutions.

## Funding rounds

- Series B, Dec 1, 2021, $30M — Canaan Partners, Correlation Ventures, Bloomberg Beta, Tech Square Ventures, Precursor Ventures, JAZZ Venture Partners, Gaingels, Engage Ventures
- Series A, Dec 17, 2020, $13M — Canaan Partners, Correlation Ventures, Bloomberg Beta, Precursor Ventures
- Seed, Sep 10, 2018, $1M — Bloomberg Beta, Precursor Ventures
- Seed, Aug 31, 2017, $0.7M — Bloomberg Beta, Precursor Ventures

## Investors

- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed, Series A, Series B
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed, Series A, Series B
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A, Series B
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Series B
- JAZZ Venture Partners (https://capitalatlas.ai/funds/jazz-venture-partners) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Engage Ventures (https://capitalatlas.ai/funds/engage-ventures) — Series B