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N-Power Medicine closes $32 million Series B financing to expand its oncology network and accelerate ProECA adoption.

PRIVATESep 01, 20266 days ago

Amount Raised

$32 Million

Round Type

Series B

Redwood CityBiotechnologyHealth CareMedicalTherapeuticsPharmaceutical

Investors

Merck Global HealthLabcorp Venture Fund

Description

N-Power Medicine has announced the close of a $32 million Series B financing round. This funding will help the company expand its community oncology network and deepen partnerships with pharmaceutical companies. Additional investment will be directed towards product development. New investor Labcorp Venture Fund participated in this round alongside Merck Global Health.

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
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
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

N-Power Medicine raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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