Deals

Clora Raises $3.3M in Funding
Date: 
Friday, December 8, 2017
Categories: 
B2B
eCommerce & Marketplaces
Healthcare & Pharma
Deal Type: 
Funding

As reported by TechCrunch:

On-demand labor marketplaces have been around for decades on the internet. Paying someone to identify a cat using Amazon Mechanical Turk or hiring someone to program a quick website on Upwork is easy — post a job, select someone, pay a few bucks and you’re done.

While hiring individuals is reasonably straightforward, building teams to accomplish specialized projects is a far more challenging problem, and few industries have as challenging a need as the pharmaceutical and medical devices industry.

Launching a new therapeutic might require hiring hundreds if not thousands of consultants, covering everything from Bayesian statistical design for clinical trials to market mapping and physician education. A single day’s delay could cost millions of dollars, so hiring the right people at the right time is crucial for a launch to go off without a hitch.

Today, that process is almost entirely manual, but Clora, a startup based in Boston, hopes to completely transform that process. The company is announcing a $3.3m seed round led by Spark Capital, with participation from Social Capital, Ludlow Ventures, Notation Capital, iSeed Ventures, v1 VC, and KohFounders... READ MORE

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