# Florence Healthcare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/florence-healthcare

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.florencehc.com
- Total disclosed funding: $116M
- Latest round: Series C (Jun 22, 2022)
- Investors on record: 7

## About

Founded in 2014 by Andres Garcia, Michael Kassin, and CEO Ryan Jones and based in Georgia, the US, Florence Healthcare, Inc., (Florence), is an electronic document workflow management and remote connectivity platform for clinical trials. In 2021, Florence Healthcare, Inc. raised USD 80 million in Series C funding led by new investor Insight Partners, with participation from returning investors. The company streamlines operations of over 8,500 studies in over 34 countries. The company’s solutions foster over 25% faster start-up time, and 40% reduced document cycle time, among other benefits.

The company’s solution includes powering remote connectivity in research collaborations on documents, data, and workflows in real-time as well as streamlining site workflows. The firm provides Florence eBinders™ for eRegulatory, eSource, eISF(Electronic Investigator Site Files), and remote access solutions to integrate clinical trial systems. Additionally, the company offers eTMF interface and eHub that provides sponsors and CROs with real-time site access, advanced remote monitoring capabilities, automated start-up activation, and eTMF document exchange. 

The company generates revenue by providing computer programming services on a contract or fee basis.

Florence plans on utilizing the Series C funding to further its mission of connecting pharmaceutical companies and study sites, paving the way for more decentralized and efficient drug development lifecycles. The company also plans to continue connecting research stakeholders and advancing cures.

## Funding rounds

- Series C, Jun 22, 2022, $27M — Insight Partners
- Series C, May 6, 2021, $80M — Insight Partners, Fulcrum Equity Partners, Flashpoint, Bee Partners
- Series B, Sep 19, 2019, $7.1M — Fulcrum Equity Partners, Bee Partners, Atrium Health
- Seed, Aug 3, 2016, $1.7M — Bessemer Venture Partners, Bee Partners, Alumni Ventures Group

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Bee Partners (https://capitalatlas.ai/funds/bee-partners) — Seed, Series B, Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Fulcrum Equity Partners (https://capitalatlas.ai/funds/fulcrum-equity-partners) — Series B, Series C
- Atrium Health — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Flashpoint (https://capitalatlas.ai/funds/flashpoint) — Series C