What Boardroom Alpha does

Boardroom Alpha is a U.S.-based governance intelligence platform that provides analytics and forecasting on every U.S. public-company director, officer, and corporate governance event. Founded in 2018 and headquartered in Darien, Connecticut, the company operates a vertically-segmented platform covering 6,000+ U.S. public companies, 1,428 active SPACs, and 317 ranked activist firms. The core technology is an SEC filing parsing engine that has processed 1.2M+ filings since 2000 with sub-10-minute EDGAR-to-structured latency, generating A-F letter-grade scorecards on 300K+ executives and directors, 240K+ traced board interlocks, 5M+ N-PX fund votes, and 12M+ compensation rows. Layered on top of this structured data substrate are proprietary predictive models — including daily-rescored CEO Hot Seat at-risk scores, pre-13D Activist Vulnerability scoring, contested-election forecast models fusing seven signal layers, and Red Flag anomaly detection across eight categories with peer-baseline severity scoring.

The business model is subscription-based across three tiers: per-seat annual Platform subscriptions for individual analysts and small teams; Enterprise org-wide deployments with volume pricing for funds, banks, and advisors; and Data & API access with custom pricing for quant teams via REST endpoints and SFTP bulk delivery. All tiers include a free 7-day trial with no credit card required, supporting a product-led growth motion layered on top of direct enterprise field sales. The customer base is segmented across four vertical audiences: investment teams (portfolio managers and analysts using pre-trade governance screening), activists and engagement teams (target identification and evidence-file assembly), legal advisors and banks (defensible governance analysis with traceable source filings), and corporates/IR (board self-assessment and proxy-season preparation). The company emphasizes its independence as issuer-pays-free, ideology-free, and U.S.-owned, and is led by founder David Pogemiller. Capital structure shows a single disclosed funding round of $7.5M from B. Riley Financial and LeFrak in September 2019, with no subsequent institutional rounds reported in available data.

Name

Boardroom Alpha

Legal name

Boardroom Alpha, Inc.

Website

https://www.boardroomalpha.com/

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Boardroom Alpha is a governance intelligence platform that provides A-F director ratings, predictive risk scores, and SEC-filing analytics across 6,000+ U.S. public companies, serving investment teams, activists, legal advisors, banks, and corporate issuers via subscription and API.

Ownership category

akta.pro rank

Product category

Corporate Governance Analytics

NAICS

Credit Bureaus (561450), Credit Bureaus (56145)

akta.pro primary industry

Model Governance, Risk & Compliance (GRC) Platforms (HDAAAKAA)

akta.pro secondary industry

Governance Bodies & Board/Trustee Administration (EDADAKAL)

Keywords

• Governance analytics
• Corporate governance data
• Shareholder activism intelligence
• Executive compensation analytics
• SEC filing analytics

Headquarters

HQ city

Darien

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Platform Subscription (Per Seat): Annual subscription billed per user. Includes ten daily monitors, A-F scorecards on 300K+ executives and directors, N-PX voting matrix, watchlists with email alerts, and 25 years of governance history.
2. Enterprise Deployment: Custom org-wide deployment with volume seats for funds, banks, and advisors. Includes full platform plus activism suite, board-interlock graph, peer-set benchmarking, SSO, shared watchlists, and priority analyst support.
3. Data & API Access: REST API for live queries and SFTP bulk delivery. Same data the UI runs on - filings, scorecards, red flags, monitors, N-PX voting with 25 years of history. Custom pricing based on data needs.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

Boardroom Alpha operates a governance intelligence platform that parses SEC filings since 2000 and delivers A-F letter-grade scorecards on 300,000+ public-company executives and directors. The platform provides predictive scoring (CEO Hot Seat, Activist Vulnerability), daily red-flag monitoring, N-PX fund voting analytics, board-interlock mapping, and pay-for-performance benchmarking across 6,000+ U.S. public companies, delivered via web application, REST API, and SFTP bulk feeds.

Product overview

Boardroom Alpha is a governance intelligence platform providing data, analytics, and forecasting on U.S. public company governance, activism, and voting. The core platform is organized around Director & Executive Ratings (A–F scorecards on 300K+ people), Governance Risk Monitoring (ten daily monitors including Red Flags, CEO Hot Seat, Activist Vulnerability), Pay-for-Performance Analysis, and Insider Trading Analytics. Supporting data products include the Activism Campaign Tracker, Shareholder Meetings calendar, Executive Moves Tracker, and SPAC Tracker. The Data & API product provides REST and bulk SFTP access to the full structured dataset for enterprise integration. Solutions are segmented by audience: Investment Teams, Activists & Engagement, Legal/Advisors/Banks, and Corporates & IR.

Differentiator

Problem solved

Functional benefit

Products and services

• Director & Executive Ratings A-F letter-grade scorecards on 300,000+ CEOs, CFOs, and directors, anchored to TSR, governance, and pay-for-performance during their tenure at each board; used by investors, activists, advisors, and corporate issuers to assess management quality.
• Governance Risk Monitoring Ten daily monitors covering red flags (restatements, auditor changes, resignations, SEC inquiries), Activist Vulnerability, CEO Hot Seat at-risk scores, and executive moves across 6,000+ U.S. public companies; targeted at portfolio managers, analysts, and risk teams.
• Pay-for-Performance Analysis Executive compensation benchmarking against peers, pay-for-performance alignment scoring, and Say-on-Pay vote tracking including N-PX fund-level voting history; used by investors, advisors, and corporate issuers.
• Insider Trading Analytics Anomalous insider selling detection and tracking across public company watchlists with Form 4 event alerting; serves investment teams monitoring Form 4 patterns.
• Activism Campaign Tracker Live proxy fights, settlements, activist firm database (317 ranked), vulnerability scoring, contest monitor with daily-rescored vote outcome forecasts, and structured activist filings (13D/13G/13F/DEFC14A); used by activist investors, engagement teams, and advisors.
• Shareholder Meetings Upcoming U.S. AGM and special meeting calendar with board grades, non-standard ballot items, and record dates, covering the next 14 days by default; used by issuers, IR teams, and investors to track the proxy calendar.
• Executive Moves Tracker CEO, CFO, and director transitions sourced from SEC 8-K Item 5.02 filings, ranked by market cap with board-quality ratings and 1-year TSR vs S&P 500 context; used by investors, advisors, and account managers tracking leadership turnover.
• SPAC Tracker

Quantifiable outcome

• Sub-10-minute parse from EDGAR drop to structured data
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Institutional Shareholder Services (ISS): ISS is the dominant proxy advisory and governance analytics firm, providing vote recommendations, governance research, and executive compensation data to institutional investors. Directly comparable as the largest incumbent in the same governance data and ratings category Boardroom Alpha serves.
• Glass Lewis & Co. Glass Lewis is the second major proxy advisor, offering governance research, vote recommendations, and issuer services to institutional investors and corporate issuers. Competes head-to-head with Boardroom Alpha on proxy research, governance scoring, and activism exposure data.
• FactSet (Workstation & Governance Data): FactSet is a major financial data platform serving investment professionals with fundamentals, ownership, and governance data. Competes in the same investment-team buyer segment but as a broad data incumbent rather than a specialized governance analytics vendor.
• Bloomberg Terminal (Government & Activism Coverage): Bloomberg provides governance, ownership, and activism-related data inside its Terminal, used by investment teams globally. Competes for the same investment-team wallet but as part of a much larger data ecosystem rather than a focused governance platform.

Emerging players

• Proxy Insight: Proxy Insight is a smaller data provider focused on shareholder voting and governance research in global markets. Overlaps with Boardroom Alpha's N-PX voting matrix product but typically serves a different (international-leaning) audience.
• InsiderScore / Form4Oracle: InsiderScore tracks insider transactions and Form 4 filings for institutional investors. Directly comparable to Boardroom Alpha's Insider Trading Analytics product line, with overlapping coverage of insider-sell anomaly detection.

Direct peers

• Activist Insight: Activist Insight provides data and analytics on activist investors, campaigns, and outcomes. Comparable to Boardroom Alpha's 317-firm activist ranking and 2,400+ historical campaign tracker, with overlapping coverage of activism workflows.
• 13D Monitor: 13D Monitor tracks activist 13D/13G filings and produces research on activist campaigns. Directly comparable to Boardroom Alpha's activism tracker, contested election forecast, and pre-13D vulnerability scoring products serving activist and engagement teams.
• Equilar: Equilar provides executive compensation benchmarking, board composition data, and governance analytics to public companies and institutional investors. Closely comparable on the pay-for-performance and board benchmarking use cases that Boardroom Alpha addresses for investors and corporate IR teams.

Others

• Form D/Edgar Online (financial data): Edgar Online (a Donnelley Financial Solutions product) provides structured SEC filing data and analytics to enterprise customers. Adjacent enabling vendor — competes with the raw-filing substrate layer of Boardroom Alpha's platform and could partner or compete depending on integration depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/boardroomalpha

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boardroom Alpha