About Castor
Castor is a company based in New York (United States) founded in 2012 by Derk Arts. It operates as a SaaS (Software-as-a-Service), and Professional Services. Castor has raised $63.25 million across 4 funding rounds from investors including European Commission, Eight Roads Ventures and F-Prime Capital. Castor offers products and services including Electronic Data Capture (EDC), Electronic Clinical Outcome Assessments (eCOA/ePRO), eConsent, and Decentralized Clinical Trials (DCT). Castor operates in a competitive market with competitors including Medrio, L7 Informatics, MDClone, Clinical Research IO and VivoSense, among others.
- Headquarter New York, United States
- Founders Derk Arts
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63.25 M (USD)
in 4 rounds
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Latest Funding Round
$45 M (USD), Series B
Jul 14, 2021
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Investors
European Commission
& 4 more
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Employee Count
Employee Count
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Products & Services of Castor
Castor offers a comprehensive portfolio of products and services, including Electronic Data Capture (EDC), Electronic Clinical Outcome Assessments (eCOA/ePRO), eConsent, and Decentralized Clinical Trials (DCT). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Data from multiple sources is captured and integrated efficiently.
Patient data is managed on a centralized digital platform.
Remote patient recruitment and enrollment are facilitated seamlessly.
Hybrid and decentralized trials are supported with technology.
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Funding Insights of Castor
Castor has successfully raised a total of $63.25M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $45.0M
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First Round
First Round
(23 May 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series B - Castor | Valuation | F-Prime Capital , Eight Roads Ventures | |
| Aug, 2020 | Amount | Series A - Castor | Valuation | Two Sigma Ventures | |
| Jun, 2018 | Amount | Series A - Castor | Valuation | Inkef |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Castor
Castor has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include European Commission, Eight Roads Ventures and F-Prime Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location | |
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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Early-stage investments in tech sectors are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Castor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Castor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Castor Comparisons
Competitors of Castor
Castor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medrio, L7 Informatics, MDClone, Clinical Research IO and VivoSense, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based eClinical software for clinical trials is provided.
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| domain | founded_year | HQ Location |
Clinical trial workflow management software is provided for laboratories.
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| domain | founded_year | HQ Location |
Provider of software that creates synthetic medical records for fictitious patients
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| domain | founded_year | HQ Location |
Clinical trial management software is provided for research sites.
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| domain | founded_year | HQ Location |
Wearable sensor research analysis platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Castor
Frequently Asked Questions about Castor
When was Castor founded?
Castor was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is Castor located?
Castor is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Castor?
Derk Arts is the current CEO of Castor. They have also founded this company.
Is Castor a funded company?
Castor is a funded company, having raised a total of $63.25M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.25M, raised on May 23, 2017.
What does Castor do?
Castor is established as a provider of eClinical solutions for clinical trials and real-world evidence studies. The platform is designed to simplify workflows and accelerate research breakthroughs in the healthcare sector. Tools for electronic data capture, patient outcome assessments, consent management, and decentralized trials are offered. Scalable solutions are provided to biotech, pharma, medical device companies, and academic researchers. Compliance with global standards like GDPR and HIPAA is ensured, supporting secure data management across the trial lifecycle.
Who are the top competitors of Castor?
Castor's top competitors include L7 Informatics, MDClone and Medrio.
What products or services does Castor offer?
Castor offers Electronic Data Capture (EDC), Electronic Clinical Outcome Assessments (eCOA/ePRO), eConsent, and Decentralized Clinical Trials (DCT).
Who are Castor's investors?
Castor has 5 investors. Key investors include European Commission, Eight Roads Ventures, F-Prime Capital, Two Sigma Ventures, and Inkef.
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