Florence Healthcare Raises $27M in Series C-1 Funding Round

Florence Healthcare

Florence Healthcare, an Atlanta, GA-based clinical trial software company that serves as the digital link between clinical trial sites, sponsors, and CROs, raised $27m in Series C-1 funding round.

Insight Partners led the round.

The company, which has raised $114.1m to date, intends to use the funds to expand staffing, enhance its product offerings, and accelerate the connectivity across its global network of 10,000+ clinical trial sites and sponsors.

Led by Ryan Jones, CEO, and Catherine Gregor, Chief Clinical Trial Officer, Florence Healthcare provides a clinical trial software platform to manage their documents, data and workflows. The platform also provides remote access to enable sponsors and contract research organizations (CROs) to collaborate with their sites around the world. Users now perform 3 million remote monitoring activities each month.

The company’s eBinders™ platform now streamlines operations for more than 10,000 research sites in 45 countries with digital document workflows that strengthen regulatory compliance, improve user adoption, and provide seamless remote connectivity. In addition, its SiteLink™ platform now powers 4 million remote research activities every month by linking sites, sponsors, and CROs in a unified document workflow environment. Sponsors now use SiteLink to remotely connect to study sites for all clinical trial phases and therapeutic areas.