Florence Healthcare announced today that it has completed a Series C-1 funding round with proceeds reaching $27 million.
Atlanta-based Florence Healthcare, a developer of clinical trial software designed to provide the digital link between clinical trial sites, sponsors and CROs, has now raised $114.1 million to date.
The company said in a press release that funds raised will support its mission to double clinical trial production this decade by enabling remote access. Florence Healthcare has used the money to increase its staff, improve its product offerings and accelerate connectivity across its growing global network of more than 10,000 clinical trial sites. and sponsors.
Florence Healthcare said it has grown rapidly over the past year, with its eBinders platform now streamlining study site operations in 45 countries with digital document workflows that strengthen regulatory compliance, improve adoption by users and provide seamless remote connectivity.
Additionally, the company’s SiteLink platform now powers 4 million remote search activities each month by connecting sites, sponsors and CROs in a unified document workflow environment.
“Across our network, we are seeing new types of research sites come online due to the efficiency of technology, from pharmacies and labs to community clinics and primary care providers,” said Catherine Gregor, Director clinical trials from Florence Healthcare, in the press release. “These new patient access points will allow for faster enrollment and increased diversity among trial participants, which means that drugs and devices will have a more inclusive safety profile of the patients they will treat. Additionally, increased representation among study participants will help sponsors better meet evolving guidelines for regulatory approval.
Global software investor Insight Partners, which also led the first Series C funding round, also led the Series C-1 round.
“With this funding, we are strengthening our position as the research platform for the era of remote work,” said CEO Ryan Jones. “We are celebrating two major milestones with this funding: 100 million research papers hosted on our platform and 100 million remote research activities conducted in our ecosystem.