About 123Compliance
123Compliance is a Healthcare company based in Santa Barbara (United States) founded in 2012, and was acquired by Sparta Systems in January 2016. Cloud-based quality management software is delivered to life sciences firms. The company was acqui-hired. Its focus areas include HealthTech, Life Sciences Tech, GRC Solutions and Quality Management. Its competitors include Dot Compliance, Greenlight Guru and Sparta Systems; 2 of its 3 listed competitors have raised funding.
Company details
123Compliance was established in 2012 in Santa Barbara, United States, focusing on the pharmaceutical and medical device sectors. Cloud and mobile-enabled software is provided for quality management, complaint handling, and regulatory reporting. The platform is fully validated and compliant with 21 CFR Part 11 standards, targeting small to mid-sized organizations with FDA-aligned packages. A partnership with Salesforce supports operations, and acquisition by Sparta Systems occurred in 2016.
- Headquarters Santa Barbara, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website 123compliance.com
- Social LinkedIn X Facebook
- Acquired by Sparta Systems (Jan 2016)
- Latest Funding Round$150K (USD), Debt – Venture
Apr 2015
- InvestorsLighter Capital
& 1 more
- Acquired bySparta Systems
(Jan 2016)
Funding Insights of 123Compliance
- Total Rounds 1
- Last Round Debt – Venture — $150,000
- First Round $150,000
(Apr 2015)
- Investors Count 1
All 1 funding rounds of 123Compliance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2015 | $150,000 | Debt – Venture | – | – |
2 investors in total: 2 institutional.
Investors in 123Compliance
123Compliance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lighter Capital and Sparta Systems.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Revenue-based financing is provided to businesses via an online platform. | 2008 | lightercapital.com | Seattle, United States | |
Cloud-based quality management software is offered for organizational processes. | 1994 | spartasystems.com | Holmdel, United States |
Investor details for 123Compliance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of 123Compliance
3 dated milestones of 123Compliance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded 123Compliance is founded.
- Funding First funding round of $150K.
- Exit Acquired by Sparta Systems.
Competitors of 123Compliance
123Compliance has 3 listed competitors in our database, 2 of them funded. They include Dot Compliance, Greenlight Guru and Sparta Systems.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dotcompliance.com | 2016 | Phoenix, United States | $40.5M | Cloud based quality management software | ||
| greenlight.guru | 2013 | Indianapolis, United States | $121.25M | 154 | Cloud-based quality management software is offered for medical device manufacturers. | |
| spartasystems.com | 1994 | Holmdel, United States | 211 | Cloud-based quality management software is offered for organizational processes. |
Detailed competitors of 123Compliance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Life Sciences Platforms & Tools
3 companies that operate in the same segment as 123Compliance (Life Sciences Platforms & Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Medidata is recognized as a leading provider of SaaS solutions for clinical research. | 1999 | New York, New York, United States | USD 41.5 M | |||
AI-based solutions for health management are provided. | 2015 | Dallas, Texas, United States | USD 2.8 B | 1,111 | ||
Real-world health data is provided for research and decisions. | 2012 | Menlo Park, California, United States | USD 259.16 M |
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Frequently Asked Questions about 123Compliance
123Compliance was founded in 2012 and raised its 1st funding round 3 years after it was founded.
123Compliance is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
123Compliance was established in 2012 in Santa Barbara, United States, focusing on the pharmaceutical and medical device sectors. Cloud and mobile-enabled software is provided for quality management, complaint handling, and regulatory reporting. The platform is fully validated and compliant with 21 CFR Part 11 standards, targeting small to mid-sized organizations with FDA-aligned packages. A partnership with Salesforce supports operations, and acquisition by Sparta Systems occurred in 2016.
123Compliance's top competitors include Greenlight Guru, Sparta Systems and Dot Compliance.
123Compliance has 2 investors. Key investors include Lighter Capital, and Sparta Systems.
Yes. 123Compliance was acquired by Sparta Systems in January 2016.