About Florence Healthcare
Florence Healthcare is a company based in Atlanta (United States) founded in 2014 by Andres Garcia and Ryan Jones. It operates as a SaaS (Software-as-a-Service). Florence Healthcare has raised $115.8 million across 4 funding rounds from investors including Bessemer Venture Partners, Atrium Health and Insight Partners. Florence Healthcare has completed 1 acquisition, including VersaTrial. Florence Healthcare offers products and services including eBinders, eConsent, SiteLink, and eTMF. Florence Healthcare operates in a competitive market with competitors including Medrio, L7 Informatics, MDClone, Clinical Research IO and VivoSense, among others.
- Headquarter Atlanta, United States
- Founders Andres Garcia, Ryan Jones
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Florence Healthcare
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115.8 M (USD)
in 4 rounds
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Latest Funding Round
$27 M (USD), Series C
Jun 22, 2022
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Investors
Bessemer Venture Partners
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Florence Healthcare
Florence Healthcare offers a comprehensive portfolio of products and services, including eBinders, eConsent, SiteLink, and eTMF. 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.
Documents are digitized and automated for research sites.
Informed consent workflows are digitized for clinical trials.
Document exchange and monitoring are facilitated for sponsors.
Trial master files are managed electronically for studies.
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Funding Insights of Florence Healthcare
Florence Healthcare has successfully raised a total of $115.8M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $27 million completed in June 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 4
- Last Round Series C — $27.0M
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First Round
First Round
(02 Aug 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - Florence Healthcare | Valuation | Insight Partners |
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| May, 2021 | Amount | Series C - Florence Healthcare | Valuation | Insight Partners | |
| Sep, 2019 | Amount | Series B - Florence Healthcare | Valuation | Fulcrum Equity Partners |
| 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 Florence Healthcare
Florence Healthcare has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Atrium Health and Insight Partners. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Private equity investments are managed across the United States.
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Founded Year | Domain | Location | |
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Seed and early-stage micro investments are targeted in the US.
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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 Florence Healthcare
Florence Healthcare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VersaTrial. 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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Software solutions for clinical trial study design implementation are provided.
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2022 |
| 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 - Florence Healthcare
| 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 |
Florence Healthcare Comparisons
Competitors of Florence Healthcare
Florence Healthcare 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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| domain | founded_year | HQ Location |
Electronic data capture platforms for medical research are offered.
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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 Florence Healthcare
Frequently Asked Questions about Florence Healthcare
When was Florence Healthcare founded?
Florence Healthcare was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Florence Healthcare located?
Florence Healthcare is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Florence Healthcare?
Ryan Jones is the current CEO of Florence Healthcare. They have also founded this company.
Is Florence Healthcare a funded company?
Florence Healthcare is a funded company, having raised a total of $115.8M across 4 funding rounds to date. The company's 1st funding round was a Series B of $7.1M, raised on Aug 02, 2016.
What does Florence Healthcare do?
Florence Healthcare is engaged in providing digital solutions for clinical trial operations. The company supports research sites, sponsors, and CROs by automating workflows such as document management, patient enrollment, and remote monitoring. Solutions are offered across sectors including pharmaceuticals and biotechnology, with a global presence in over 90 countries. Compliance with regulations like FDA, GDPR, and HIPAA is emphasized in their platform.
Who are the top competitors of Florence Healthcare?
Florence Healthcare's top competitors include L7 Informatics, MDClone and Medrio.
What products or services does Florence Healthcare offer?
Florence Healthcare offers eBinders, eConsent, SiteLink, and eTMF.
How many acquisitions has Florence Healthcare made?
Florence Healthcare has made 1 acquisition, including VersaTrial.
Who are Florence Healthcare's investors?
Florence Healthcare has 6 investors. Key investors include Bessemer Venture Partners, Atrium Health, Insight Partners, Fulcrum Equity Partners, and Bee Partners.