Florence healthcare, which makes software that connects clinical trial sites, sponsors and CROs, today announced it has raised a $27 million Series C-1 led by Insight Partners. Insight Partners is known for its ScaleUp program, which helps its portfolio companies grow rapidly.
Florence Healthcare, which has raised $114.1 million to date, is using its recent fundraising to double clinical trial results by enabling remote access. It plans to hire people to work on its products and expand connections between 10,000 clinical trial sites and sponsors.
The company has two main products. Its eBinders simplify operations for clinical researchers with a digital document workflow that includes regulatory compliance and remote connectivity. Its SiteLink platform, meanwhile, connects websites, sponsors and CROs. The company said SiteLink supports 4 million remote research activities each month.
Digitizing research operations can help bring clinical trials closer to underrepresented patients who cannot travel to major academic medical centers, the company said. That’s what Florence Healthcare claims its software now powers research sites within 25 miles of 80% of the US population.
Florence Healthcare, a workflow platform for clinical researchers, raises $27M led by Insight Partners – TechCrunch Source link Florence Healthcare, a workflow platform for clinical researchers, raises $27M led by Insight Partners – TechCrunch