About ClinChoice
ClinChoice is a company based in Fort Washington (United States) founded in 1995 by John D Balian and Xin Ke.. ClinChoice has raised $212 million across 2 funding rounds from investors including Goldman Sachs, Taikang Insurance Group and Legend Capital. The company has 474 employees as of April 06, 2024. ClinChoice has completed 2 acquisitions, including CROMSOURCE and CSI Medical Research. ClinChoice offers products and services including Clinical Development, Post-Marketing Services, and Regulatory Affairs. ClinChoice operates in a competitive market with competitors including Emmes, Syneos Health, Veristat, Medelis WCCT Global and Celgene, among others.
- Headquarter Fort Washington, United States
- Employees 474 as on 06 Apr, 2024
- Founders John D Balian, Xin Ke
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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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- Legal Name Clinchoice Private Limited
- Date of Incorporation 20 Apr, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$10.3 M (USD)35.19as on Mar 31, 2023
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Net Profit
$1.22 M (USD)100.61as on Mar 31, 2023
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EBITDA
$2.05 M (USD)67.34as on Mar 31, 2023
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Total Equity Funding
$212 M (USD)
in 2 rounds
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Latest Funding Round
$150 M (USD), Series E
Jul 04, 2022
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Investors
Goldman Sachs
& 5 more
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Employee Count
474
as on Apr 06, 2024
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Investments & Acquisitions
CROMSOURCE
& 1 more
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Products & Services of ClinChoice
ClinChoice offers a comprehensive portfolio of products and services, including Clinical Development, Post-Marketing Services, and Regulatory Affairs. 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.
Supports clinical trials and studies for drug development
Manages post-approval studies and evidence collection globally
Assists with regulatory compliance and strategic consulting
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Leadership Team
56 people
Software Development Team
37 people
Senior Team
26 people
Data Analysis and Operations Team
20 people
Human Resources and Administration
13 people
Regulatory Team
12 people
Sales and Marketing
11 people
Finance and Accounting
10 people
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Funding Insights of ClinChoice
ClinChoice has successfully raised a total of $212M across 2 strategic funding rounds. The most recent funding activity was a Series E round of $150 million completed in July 2022. 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 2
- Last Round Series E — $150.0M
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First Round
First Round
(25 Oct 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series E - ClinChoice | Valuation | Legend Capital | |
| Oct, 2019 | Amount | Series D - ClinChoice | Valuation | Goldman Sachs |
| 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 ClinChoice
ClinChoice has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Taikang Insurance Group and Legend 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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Venture Capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Apricot Capital is engaged in investing in impactful entrepreneurs.
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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 ClinChoice
ClinChoice has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CROMSOURCE and CSI Medical Research. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Clinical research services for site management are provided.
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2017 | ||||
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An ISO-certified CRO and provider of outsourced services to the pharmaceutical, biotechnology and medical device industries
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ClinChoice
| 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 |
Clinchoice Comparisons
Competitors of ClinChoice
ClinChoice 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 Emmes, Syneos Health, Veristat, Medelis WCCT Global and Celgene, 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 |
Outsourced contract research organization services are provided to clients.
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| domain | founded_year | HQ Location |
CRO clinical development services are provided by Syneos Health.
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| domain | founded_year | HQ Location |
Clinical trials and regulatory submissions are supported as a CRO.
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| domain | founded_year | HQ Location |
Full-service CRO expertise in influenza and oncology research is offered.
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| domain | founded_year | HQ Location |
Therapies for cancer and inflammatory diseases are developed.
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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 Clinchoice
Frequently Asked Questions about ClinChoice
When was ClinChoice founded?
ClinChoice was founded in 1995 and raised its 1st funding round 24 years after it was founded.
Where is ClinChoice located?
ClinChoice is headquartered in Fort Washington, United States. It is registered at Fort Washington, Maryland, United States.
Who is the current CEO of ClinChoice?
John D Balian is the current CEO of ClinChoice. They have also founded this company.
Is ClinChoice a funded company?
ClinChoice is a funded company, having raised a total of $212M across 2 funding rounds to date. The company's 1st funding round was a Series D of $62M, raised on Oct 25, 2019.
How many employees does ClinChoice have?
As of Apr 06, 2024, the latest employee count at ClinChoice is 474.
What is the annual revenue of ClinChoice?
Annual revenue of ClinChoice is $10.3M as on Mar 31, 2023.
What does ClinChoice do?
ClinChoice was established in 1995 and is based in Fort Washington, United States. As a contract research organization, focus is placed on data management, regulatory affairs, and consulting services within the pharmaceutical and biotechnology industries. Support is offered for clinical trial operations, compliance requirements, and strategic advisory needs across global markets. Co-founders include John D. Balian as CEO and Xin Ke.
Who are the top competitors of ClinChoice?
ClinChoice's top competitors include Emmes, Syneos Health and Veristat.
What products or services does ClinChoice offer?
ClinChoice offers Clinical Development, Post-Marketing Services, and Regulatory Affairs.
How many acquisitions has ClinChoice made?
ClinChoice has made 2 acquisitions, including CROMSOURCE, and CSI Medical Research.
Who are ClinChoice's investors?
ClinChoice has 6 investors. Key investors include Goldman Sachs, Taikang Insurance Group, Legend Capital, Sherpa Healthcare Partners, and Lilly Asia Ventures.
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