Rockies Venture Club
ClinOne Investor Update Open House
ClinOne is a healthcare IT company that has developed a platform called ClinTrialApp that is currently utilized in more than 2,000 clinical trials in over 34 countries at over 1,000 research institutions. This cloud-based information and document sharing platform connects pharmaceutical companies to clinical trial sites and patients globally through internet-enabled computers and mobile devices. ClinOne has seen over $4M in contract bookings in the last quarter, and are currently seeing $60k MRR.
The company is now aiming to take advantage of an opportunity in the clinical trial mgmt systems space. Clinical study coordinators are forced to interact with multiple vendors to manage a study. ClinOne is now aiming to be the singular vendor for cost-effective and seamless clinical study administration.
RVC investors participated in a Convertible Note round that ClinOne closed in July 2017. The company is now raising a new, preferred equity round of financing.