A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – LIFE SCIENCE – SOFTWARE
- Metabolon, a provider of bioinformatics solutions for biomarker discovery using metabolomics has raised $15 million from Essex Woodlands. Metabolon and Essex Woodlands have the ability to increase the purchase up to an additional $10 million, proceeds of which would be utilized to repurchase shares from existing investors. Link
- Inscopix, a startup developing brain mapping platform raised $10 million in a series A financing round led by Playground Ventures, with co-investment by AME Cloud Ventures and Floodgate Fund. Link
- Teckro, a provider of software solutions for clinical trials has raised $ 6 million in a series A funding round lead by Founders Fund. Link
- Riffyn, a provider of cloud-based research process design software has raised $3.2 million from Siemens Venture Capital. Link
- Ontoforce, provider of Disqover, a semantic search platform that integrated various life-sciences data has raised $ 2.33 million from LRM, Sofi fund, Luc Vauterin, Torsten Osthus and investors from American Life Science Innovation Fund (LSIF). Link
- Proscia, a provider of digital pathology software has raised $1 million in seed round led by Emerald Development Manager, with Robin Hood Ventures, TCP Venture Capital and A-Level Capital also participating in the funding round. Link
- Florence Healthcare, a company offering electronic data collection and management solutions for clinical trials has raised $1.7 million in seed funding round led by Bee Partners and accompanied by Bessemer Venture Partners, Green D fund, and Fitbit’s Vice President of Engineering, Will Crawford. Link
- Modulated Imaging, a provider of imaging and visualization tools has raised $0.5 million in a seed round led by Cove Fund accompanied by Hamamatsu Photonics KK through its wholly-owned subsidiary, Photonics Management Corporation. Link
- Phosphorus, a spin-off from Recombine Diagnostics developing genomics solutions has raised $10 million in a series A round led by FirstMark. Link
- Benchsci, a platform to search papers to find antibody usage data has graduated from FounderFuel’s Spring 2016 cohort and has received seed funding as a part of the program. Link
- Bioz, a search engine that indexes and tracks trends in the sciences by algorithmically analyzing research papers, has raised $3 million, in a funding round led by 5AM Ventures with participation from the Stanford StartX Fund, Astia Angels, investor Esther Dyson and others. Link
- iPug, a company using gamified, reward-based communications platform to deliver individualized public health campaigns, and recruit and engage participants in research studies and clinical trials has received funding from Zane Beckett and other investors.Link
- MicroDimensions, a software and service provider for automated image analysis for digital pathology has raised a seven-digit financing in a series A round led by Dr. Adriaan Hart de Ruijter with participation from High-Tech Gründerfonds, Bayern Kapital and a group of business angels. Link
- PathXl, a provider of web-based workflow solutions for digital pathology has been acquired by Philips. Link
- iLab Solutions, a provider of cloud based laboratory management software has been acquired by Agilent Technologies. Link
- Shyft Analytics, a cloud data and analytics platform for the global life sciences industry, has raised $12.5 million in series B funding round from McKesson Ventures, Medidata Solutions, Health Enterprise Partners and Milestone Venture Partners.Link
SOME INTERESTING STARTUPS FOUND
Phosphorus (2016, New York) – A computational genomics company providing diagnostic tools for clinicians and researchers.
Invio (2016, Seattle) – Offers data monitoring and source data verification for clinical trials.
Jungla (2016, San Francisco) – Offers solutions for modeling of genetic variants and finding correlation with disease states using advanced statistical modelling.
LEADER BOARD – LIFE SCIENCE – SOFTWARE
Bioinformatics
Metabolon (2000, Durham, $77.42M) provides platforms and informatics systems for biomarker discoveries and diagnostic tests and also offers metabolomics research services. Backed by Aurora Funds, Sevin Rosen Funds, Camden Partners Holdings, Essex Woodlands, HHVC, Sumitomo Corp, Syngenta, Alexandria Real Estate Equities, ATEL Capital Group, Fletcher Spaght, The Trelys Funds, Fulcrum Financial Group, and Crossroads Capital.
Simulations Plus (1996, Lancaster, Public) develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling & simulation software for cheminformatics and drug discovery and provides consulting services.
Inpharmatica (1998, Saffron Walden, $75M, Acq) offers predictive informatics solutions and services for medicinal chemistry and ADME to help improve the speed and productivity of drug discovery. It is also involved in research of drugs and biomarkers. Backed by Vertex Ventures, Advent Venture Partners, Gimv, Gilde, 3i Group, Abingworth, Unibio, and REV. Acquired by Galapagos in Dec 2006.
Schrodinger (1990, New York, $52M) develops software solutions for computational chemistry, research and drug discovery. Backed by Cascade Investment.
Imaging Solutions
Aperio Technologies (1999, California, $47.6M, Acq) offers digital pathology solutions including image management, sharing and analysis solutions. Backed by BlackRock, Advanced Technology Ventures, HLM Venture Partners, and Galen Partners. Acquired by Leica Microsystems in Aug 2012.
Parexel (1983, Massachusetts, Public) is a clinical research organization which offers clinical trial management solutions and services. Backed by Capvis.
inviCRO (2008, Boston, $45.8M) provides advanced data analysis services and software in the field of preclinical imaging research.
Media Technologies (2002, Valbonne, $53.66M, Public) offers medical imaging software and services for oncology clinical trials, cancer screening, and clinical practice. Backed by NEA, Draper Fisher Jurvetson, Auriga Partners, Abingworth, Omega Funds, Idinvest Partners, National Technology Enterprises Company, Kuwait Life Sciences Company (KLSC), and AGF Private Equity.
Clinical Trial Solutions
Medidata (1999, New York, $66.18 M, Public) provides cloud based solutions for clinical trial management and analytics. Backed by Insight Venture Partners, Milestone Venture Partners, Stonehenge Growth Equity, Silicon Alley Venture Partners, The Lambda Funds, State Street, and Alpha Venture Partners and went public in June, 2009.
Parexel (1983, Massachusetts, Public) is a clinical research organization which offers clinical trial management solutions and services. Backed by Capvis.
Datatrak International (1991, Cleveland, Public) offers clinical enterprise solutions which include tools for electronic data capture, trial design, trial supply management and project management.
OmniComm Systems (1997, Lauderdale, Public) provides web-based electronic data capture (EDC) and eClinical (eClinical) software and services for clinical research.
Comprehend (2010, Palo Alto, $30.8M) provides clinical data reporting and visualization tools for clinical trials. Backed by Y Combinator, Lightspeed Venture Partners, Sequoia Capital, SV Angel, Menlo Ventures, Crosslink Capital, Quotidian Ventures, Ulu Ventures, Life Sciences Angel Network, and Easton Capital.
GRC Solutions
Metric Stream (1999, Palo Alto, $123M) provides solutions for quality management, regulatory compliance, risk management, and corporate governance. Backed by Goldman Sachs, KPCB, Integral Capital Partners, Gold Hill Capital, Sageview Capital, Saints Capital, Kaiser Permanente Ventures, Blade Ventures, Montage Capital, and The Camelot Group.
Virtify (2004, Lexington, $23.5M) provides enterprise content and compliance management solutions for the life sciences industry. Backed by Tudor Growth Equity, Blue Cloud Ventures, and Spring Lake Equity Partners.
Qumas (1994, Cork, $10M, Acq) provides Compliance and Quality Management Software for Life Sciences including solutions for document management, process management and submission management. Backed by General Catalyst Partners, Fidelity Ventures, Delta Partners, ACT Venture Capital, Fidelity Growth Partners Europe, Kernel Capital, and Eight Roads Ventures. Acquired by Accelrys in Dec, 2013.
Workflow Automation Solutions
Emerald Therapeutics (2010, San Francisco, $34M) has developed Emerald Cloud Laboratory that scientists can remotely access via the internet and can perform experiments using automated robotics. Backed by Founders Fund, Western Technology Investment, and Schooner Capital.
Quartzy (2009, Palo Alto, $28.8M) offers web-based platform for lab management and supports collaboration, inventory and order management. It also hosts catalogs from vendors for lab consumables. Backed by Y Combinator, Lerer Hippeau Ventures, SV Angel, Khosla Ventures, Washington U., Silicon Badia, Reinmkr Satsang, A Capital, Life Science Angels, Science House, Accelerator Tech, Lerer Hippeau Ventures, and Eminence Capital.
Business Intelligence
IMS Health (1954, Danbury, Public) offers a suite of market intelligence products and services which are aimed at improving productivity and healthcare delivery of healthcare organizations.
Humedica ( 2008, Boston, $63M, Acq) offers clinical intelligence and analytics solutions. Backed by Bain Capital Ventures, General Catalyst Partners, North Bridge Venture Partners, Bain Capital, Leerink Partners, and Flare Capital Partners. Acquired by Optum Health in Jan, 2013.
Zephyr Health (2011, San Francisco, $33.5 M) offers Zephyr Illuminate, an Insights-as-a-Service platform designed to help companies improve product life cycle performance with customer and market insights and can be used for collaboration, targeting and segmentation, and planning. Backed by KPCB, Jafco Ventures, and Icon Ventures.
Sales and Marketing
Veeva Systems (2007, San Francisco, $ 4 M, Public) offers Content Management, Customer Relationship Management, Customer Master data management and related software and services to the life sciences industry. Backed by Lead Edge Capital, and Emergence Capital. Went public in October 2013.
Aktana (2008, San Francisco, $25 M) offers sales force solutions and customer relationship management solutions for life sciences industry. Backed by Safeguard Scientifics, and Starfish Ventures.
Operations Management and Supply Chain
Tracelink (2009, Woburn, $25.5 M) offers an online platform for global distribution, visibility and traceability of pharmaceuticals to limit the sale of counterfeit drugs. Backed by FirstMark Capital, Volition Capital, and F-Prime Capital Partners.
Bluechiip (2003, Scoresby, Public) provides wireless tracking solutions for bio samples and other products. Went public in Oct, 2010 via a reverse takeover by Sofcom Limited.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit Life Sciences – Software feed.