# EightSpokes

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

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.eightspokes.com
- Latest round: Seed (Mar 1, 2013)
- Investors on record: 1

## About

EightSpokes, Inc. provides innovative cloud-based solutions focused on program and portfolio management within the life sciences sector, enhancing operational efficiency for pharmaceutical and biotechnology companies.Founded in 2012 and headquartered in Cambridge, US, EightSpokes, Inc. specializes in intelligent cloud-based solutions for the life sciences industry. The company was established by Andy Mehrotra, who serves as CEO. In March 2013, EightSpokes raised seed funding from LaunchCapital, marking its first funding round.EightSpokes, Inc. offers an intelligent cloud-based solution specifically designed for program and portfolio management within the life sciences sector. Their core product focuses on streamlining the planning and execution of pipeline programs, covering all stages from Research and Development to Commercial Launch. The platform provides smart recommendations that facilitate informed decision-making by forecasting needs, predicting delays, and foreseeing outcomes. This comprehensive and integrated solution is trusted by portfolio leaders and business executives across both emerging and established life science companies. EightSpokes primarily serves a diverse clientele in North America and Europe, targeting pharmaceutical, biotechnology, and medical device companies looking to enhance efficiency in their operational processes.EightSpokes generates revenue through a subscription-based model tailored for its cloud-based platform. Clients, including pharmaceutical and life sciences organizations, engage with the company by entering subscription agreements that grant them access to the software's suite of features. These partnerships are typically structured to align with the clients' operational needs, allowing for scalable solutions based on the size and complexity of their portfolio management requirements. The subscription plans often vary depending on the level of service utilized, including access to advanced analytics and support features. While specific pricing details are proprietary, the firm’s offerings are integral to enabling clients to optimize their project management and decision-making processes effectively.EightSpokes plans to leverage its most recent seed funding, raised in March 2013, to enhance its cloud-based solutions and potentially expand its product offerings. The company is working on new features designed to improve analytics capabilities, with a targeted release date in the upcoming quarters. Additionally, EightSpokes aims to grow its presence in international markets, particularly in Europe, by the end of 2024, focusing on pharmaceutical and biotechnology sectors that require more efficient portfolio management solutions.

## Funding rounds

- Seed, Mar 1, 2013 — LaunchCapital

## Investors

- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed