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Inato Raises $20 Million To Make Clinical Trials More Efficient And Inclusive

Mar 30, 2023over 2 years ago

Amount Raised

$20 Million

Paris

Investors

Top Harvest CapitalLa MaisonObvious VenturesCathay Innovation

Description

Parisian startup Inato has raised $20 million for its AI-based data collection tool for the pharmaceutical sector from return and lead investor Cathay Innovation, return investor Obvious Ventures, and new investors La Maison and Top Harvest Capital. Since late 2017 the company has raised a total of $35.5 million.

Company Information

Company

Inato

Location

Paris, Ile De France, France

About

At Inato, our mission is to bring clinical trials to each and every patient, regardless of who they are or where they live. Today, with 5% of sites running 70% of clinical trials, only patients with privileged access to these sites have an opportunity to participate in trials. We envision a world where it’s so easy to find and apply for the right trials that the other 95% of sites – often community-based research sites – can play a bigger role and accelerate research. By expanding access, we can make clinical trials more accessible, efficient, and inclusive. That’s why we’ve created a platform that connects global pharmaceutical companies with a broader range of research sites, while ensuring reliable high performance. Our exclusive site profiles, trial application & verification processes, and ongoing support helps sites (at no charge) to get selected and meet enrollment targets, while giving sponsors access to previously untapped patient populations. We’re seeing growing trust in community sites, faster timelines for sponsors and sites, increased patient accessibility, and diversified participation for more inclusive trials. Drug development is a challenging, intellectually complex, and rewarding endeavor. By working together to bring trial access into communities across the globe, we can more efficiently develop treatments that are safe and effective for everyone.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech