# Auxilius

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auxilius

- Industry: Software
- Headquarters: New York, US
- Website: www.auxili.us
- Total disclosed funding: $20M
- Latest round: Series A (Feb 2, 2024)
- Investors on record: 5

## About

Based in New York, US, and founded in 2020, Auxilius, Inc. trading as Auxilius, operates as a software as a service-based platform that provides clinical trial financial management for biotech companies. In February 2024, Auxilius raised USD 10 million in venture funding led by new investor SignalFire, with participation from returning investors XYZ Ventures, Renegade Partners, and Bain Capital Credit. New investor CP Overture, L.P., individuals, and other unspecified investors also participated in the round. As of July 2022, the company manages 15 pre-clinical through Phase 3 programs, and has 45 distinct vendors.

Auxilius, Inc. offers a platform that unifies disparate clinical, contractual, and financial data to empower companies to streamline core financial planning, analysis, and accounting workflows, hold outsourced vendors accountable through change, and put processes in place that support audit, compliance, and reporting requirements. The company platform has various features such as managing vendor and trial-level budgets against the plan, reconciling budgets, accruals, invoices, and payments to date across trials, dynamically forecasting and managing accruals, reviewing and validating invoices across vendors, managing and tracking change orders, and manages financial risk.

The company will use the funding to expand its operations and develop business growth.

## Funding rounds

- Series A, Feb 2, 2024, $10M — Bain Capital, SignalFire, XYZ Ventures, Renegade Partners, CP Overture, L.P.
- Series A, Jun 16, 2022, $10M — Bain Capital, XYZ Ventures, Renegade Partners

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- XYZ Ventures (https://capitalatlas.ai/funds/xyz-ventures) — Series A
- Renegade Partners (https://capitalatlas.ai/funds/renegade-partners) — Series A
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Series A
- CP Overture, L.P. — Series A