Fundz

Edison Partners Leads $21 Million Funding Round For Clinical Trial Intelligence Disruptor Lokavant

PRIVATEDec 07, 2022

Amount Raised

$21 Million

Round Type

Funding Round

New YorkArtificial IntelligenceAnalyticsMachine LearningBig DataSaaS

Investors

Edison Partners

Description

Edison Partners, a leading growth equity investment firm, today announced it is leading a $21 million investment round in Lokavant, the leading clinical trial intelligence company.

Quick answer

Lokavant raised $21 Million in a Funding Round round, dated December 7, 2022. Investors: Edison Partners. Lokavant is based in New York, New York, United States.

How much did Lokavant raise?
Lokavant raised $21 Million in a Funding Round round on December 7, 2022.
Who invested in Lokavant?
Edison Partners is named as investors in this round.
What does Lokavant do?
Lokavant is the trailblazer in AI for Study Forecasting, transforming how clinical trials are planned and executed by delivering clarity in an uncertain industry.
Where is Lokavant based and how big is it?
Lokavant is based in New York, New York, United States.

Source: Fundz verified event record.

Who else raised in Analytics and Big Data around the same time

Companies in the same sectors as Lokavant that raised within 45 days of this round, from Fundz verified event records.

  • Kuona raised $6M (Funding Round) on December 16, 2022.
  • Tredence raised $175M (Series B) on December 23, 2022.
  • Tredence raised $162M on December 22, 2022.
  • Recast raised $3.4M (Seed) on December 15, 2022.
  • Chattermill raised $26M (Funding Round) on December 6, 2022.
  • Frame Ai raised $7.6M (Funding Round) on November 30, 2022.

Who to call at Lokavant, and when

A new round usually means Lokavant is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Lokavant raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Lokavant, from your own LinkedIn network

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Company Information

Company

Lokavant

Location

New York, New York, United States

About

Lokavant is the trailblazer in AI for Study Forecasting, transforming how clinical trials are planned and executed by delivering clarity in an uncertain industry. Its flagship solution, Spectrum, enables clinical teams to independently forecast enrollment timelines and assess operational risks – both before and during study execution. Powered by advanced AI models, including generative AI, machine learning, and causal AI, Lokavant delivers real-time forecasts with over 80% confidence in minutes. Sponsors and CROs use Spectrum to reduce non-conformance events by 70%, improve forecasting accuracy by 70x, and cut study timelines and costs.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Lokavant raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
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Lokavant raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.