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N-Power Medicine raised $72 Million in a Series B funding round led by Merck Global Health Innovation Fund

Jul 01, 2024over 1 year ago

Amount Raised

$72 Million

Round Type

series b

Redwood CityTherapeuticsPharmaceuticalMedicalBiotechnologyHealth Care

Investors

A Us Based Healthcare Focused InvestorMerck Global Health Innovation Fund

Description

N-Power Medicine, a clinical research and drug development platform company, has announced the initial close of its Series B funding round, with participation by a US-based healthcare focused investor. The funding round led by Merck Global Health Innovation Fund brings its total funding to date to $72 Million.

Company Information

Company

N-Power Medicine

Location

Redwood City, California, United States

About

N-Power Medicine is a clinical research and drug development platform company that aims to integrate clinical research and routine care into a single workflow. Founded in 2021, it aims to boost clinical trial participation to accelerate oncology drug development. The company's platform includes The Kaleido Registry, a collection of prospective, real-time, standardized patient data designed to support clinical trials and drug development.

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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