12 Jun IU Angel Network Invests in Membershine, A Membership Management Platform Designed to Streamline Operations for Associations and Professional Organizations
FISHERS, Ind. – The IU Angel Network, an investment vehicle of IU Ventures, today announced an investment in Membershine, an all-in-one software as a service (SaaS) platform designed to simplify and modernize membership management for homeowners’ associations (HOAs) and other member-based organizations.
Member-based organizations, such as HOAs, face significant challenges managing operations due to fragmented software solutions and manual processes. These inefficient systems create administrative burdens, communication gaps, and financial management difficulties. Without a streamlined solution, organizations waste time and resources on tasks that could be automated.
Founded in 2020 by Clayton Thompson and IU alumnus Erik Powers, Membershine consolidates essential functions such as communication, online payments, electronic voting, request workflows, and financial management into a seamless, user-friendly interface accessible via web and mobile applications. By eliminating the need for fragmented software and manual processes, Membershine empowers boards, residents, and property managers to operate more efficiently, fostering better-managed and more engaged communities.
“We’re addressing the unmet need that stems from the lack of a true all-in-one solution in the market,” Thompson said. “With more than 40 integrated modules, our platform allows clients to eliminate paper processes, specialty software, and makeshift tools. They’re coming to us to self-manage their HOAs and condos with a purpose-built toolkit that actually works for their day-to-day needs.” With 18 years of experience in this industry, Thompson has been responsible for introducing over 5,000 customers to membership management platforms.
“Membershine is solving a widespread and deeply felt pain point with a platform that’s both scalable and intuitive,” said Olivia Schmitt-Metz, senior analyst at IU Ventures. “While they’ve gained early traction with self-managed HOAs, the software’s flexibility makes it a powerful solution for any member-based organization, such as sports clubs, alumni groups, churches, or nonprofits. That adaptability positions them for strong, sustained growth in an underserved market.”
Membershine used this round of funding to hire their internal development team. They plan to raise another round of funding in the near future to build out their sales team. “The IU Angel Network was a natural fit for us, given our ties to IU and the many referrals encouraging us to work with the wonderful team,” Thompson said. “Beyond capital, the real value has come from being plugged into a robust network of experienced entrepreneurs and investors–connections that have already led to the addition of exceptional leaders to our Board of Directors.”
The investment from the IU Angel Network marks a significant milestone for Membershine as it continues to scale its platform and expand its reach across a wide range of member-based organizations. With a growing team, a clear product-market fit, and the backing of a strong entrepreneurial network, Membershine is well-positioned to transform the way communities and organizations manage their operations.
About IU Ventures
IU Ventures invests in and supports IU-affiliated early-stage companies. Its investment programs include the IU Philanthropic Venture Fund, IU Angel Network, Shoebox Fund and Innovate Indiana Fund. It further supports IU founders through the Executive in Residence Program and IU Founders and Funders Network. Student support is provided through a variety of engagements, including the new IU Venture Fellows Program. Each program takes unique approaches to accelerate and support the positive impacts that entrepreneurs affiliated with IU already achieve across the world. http://www.iuventures.com/
About Membershine
Membershine, LLC specializes in membership management through an all-in-one SaaS platform, catering to homeowner’s associations, non-profits, clubs, and professional organizations. Their team boasts over 50 years of combined software development experience, comprising dedicated professionals committed to delivering unparalleled service to their niche customer bases. With a nationwide customer base, Membershine has established itself as the industry leader, earning a reputation for providing the best-reviewed software in the field. https://membershine.com/
Media Contacts
Clayton Thompson
clayton.thompson@membershine.com