What is YPrime?
Founded in 2006 and headquartered in Malverne, Pennsylvania, YPrime specializes in software solutions and consulting services designed to streamline clinical trial data collection and information management. The company serves biopharmaceutical firms and contract research organizations, facilitating more efficient and collaborative research processes. YPrime's technology addresses critical needs in the complex landscape of clinical research, enabling better data integrity and faster trial progression.
How much funding has YPrime raised?
YPrime has raised a total of $18.6M across 6 funding rounds:
Private Equity
$5M
Private Equity
$2.5M
Private Equity
$2M
Debt
$5M
Private Equity
$2.1M
Debt
$2M
Private Equity (2013): $5M, investors not publicly disclosed
Private Equity (2014): $2.5M, investors not publicly disclosed
Private Equity (2016): $2M, investors not publicly disclosed
Debt (2016): $5M featuring Square 1 Bank
Private Equity (2017): $2.1M, investors not publicly disclosed
Debt (2020): $2M with participation from PPP
Key Investors in YPrime
Square 1 Bank
Square 1 Bank, a division of Pacific Western Bank, is a financial services partner for entrepreneurs and investors, offering venture debt and treasury solutions. Their focus on innovation centers supports companies in their growth phases.
PPP
Public-Private Partnership
What's next for YPrime?
The recent major strategic investment positions YPrime for accelerated development and market penetration. This capital infusion is expected to fuel advancements in its platform, potentially expanding into new therapeutic areas or enhancing its analytics capabilities. The company's focus on collaborative data management in clinical trials aligns with the growing demand for digital transformation in the life sciences industry, suggesting a trajectory towards further scaling and innovation. YPrime's strategic financing indicates a strong confidence in its business model and its capacity to capture a larger share of the clinical trial technology market.
See full YPrime company page
