# Clora

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

- Industry: Internet
- Headquarters: Cambridge, US
- Website: www.clora.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Dec 7, 2017)
- Investors on record: 8

## About

Clora, Inc. is a specialized talent acquisition platform that connects life science companies with experienced consultants and contractors in the pharmaceutical, biotechnology, and medical device sectors across the globe.Clora, Inc., founded in 2016 and headquartered in Cambridge, US, operates in the talent acquisition space by providing connections between life science firms and qualified professionals. Key founders include Andrew Eye, Dave DeCaprio, and Rahul Chaturvedi. The company raised USD 3.3 million in a SEED funding round led by Spark Capital on December 7, 2017, with participation from multiple investors. The total amount raised stands at USD 3.3 million.Clora operates as a specialized talent acquisition platform designed to connect life science companies with experienced consultants and contractors in the pharmaceutical, biotechnology, and medical device industries. Its primary offering is a proprietary matching technology that quickly identifies and connects clients with vetted candidates across a wide range of skillsets, including Clinical Project Managers, Medical Writers, and Regulatory Experts. The platform allows clients to specify their project requirements through a user-friendly interface, facilitating a streamlined matching process that typically results in candidate proposals within a few days. Clora primarily serves clients in North America, Europe, and Asia, leveraging a global talent pool to meet diverse project needs, from drug discovery to product commercialization.Clora's revenue model is centered around a performance-based structure where clients incur costs only upon successfully matching with a consultant and commencing work. This operational model eliminates upfront risks for clients, as they are charged a fee only once they begin engaging with the provided talent. Transactions typically occur in a B2B format, where life science companies post their project requirements on the platform, and Clora facilitates the connection with suitable consultants. The service is designed to offer competitive pricing, reflecting a significant cost reduction compared to traditional recruitment practices. While specific pricing details are not disclosed, Clora emphasizes its ability to provide high-quality talent at a fraction of conventional market rates.Clora plans to leverage its recent funding of USD 3.3 million from its SEED round to advance technological developments in its platform and enhance user experience. The company is targeting expansion into new geographic regions, with a focus on increasing its presence in Europe and Asia by the end of 2024. This initiative aims to broaden its client base and access a wider pool of consultancy talent, supporting diverse project requirements in the life sciences sector.

## Funding rounds

- Seed, Dec 7, 2017, $3.3M — Spark Capital, Ludlow Ventures, Social Capital, Notation, iSeed Ventures, V1.VC, Koh Founders, Beta Bridge Capital

## Investors

- Spark Capital — Seed
- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Notation (https://capitalatlas.ai/funds/notation) — Seed
- iSeed Ventures (https://capitalatlas.ai/funds/iseed-ventures) — Seed
- V1.VC (https://capitalatlas.ai/funds/v1-vc) — Seed
- Koh Founders — Seed
- Beta Bridge Capital (https://capitalatlas.ai/funds/beta-bridge-capital) — Seed