What is Complion?
Complion offers a cloud-based software platform designed to manage electronic regulatory files (eRegulatory) for clinical trial sites and electronic Investigator Site Files (eISF) for Sponsors and CROs. Founded by a clinical researcher, the company focuses on optimizing the handling of site regulatory documents and remote monitoring processes. Its purpose-built workflows automate the filing, sharing, signing, reviewing, and collection of essential documents, thereby eliminating redundant manual work and reducing errors. This enables efficient remote work and ensures timely access to critical information for study management and monitoring, benefiting over 14,000 trials.
How much funding has Complion raised?
Complion has raised a total of $12.2M across 4 funding rounds:
Private Equity
$2M
Series A
$2.9M
Series B
$7M
Debt
$350K
Private Equity (2015): $2M, investors not publicly disclosed
Series A (2016): $2.9M, investors not publicly disclosed
Series B (2019): $7M supported by Beringea , LLC.
Debt (2020): $350K featuring PPP
Key Investors in Complion
Beringea , LLC.
Beringea is an international venture capital firm that invests in high-growth businesses, focusing on empowering entrepreneurs to build significant companies. Their expertise spans multiple sectors, providing strategic support to portfolio companies.
What's next for Complion?
With substantial enterprise-level backing, Complion is well-positioned for continued expansion and innovation in the clinical trial technology sector. The company's focus on site-centric regulatory solutions addresses a critical pain point in clinical research, aiming to enhance efficiency and data quality. Future growth is likely to involve further development of its platform's capabilities, expanding its client base among Sponsors, CROs, and various healthcare institutions, and potentially exploring new market segments within the broader life sciences industry. The strategic nature of its recent capital infusion suggests a focus on scaling operations and solidifying its market leadership.
See full Complion company page
