MedNet Solutions is wrapping up 2016 with a bang! The last several weeks have been especially busy with a whirlwind of corporate activity and important company announcements. Here’s a recap of two of the most noteworthy recent developments:
MedNet Receives $16.5 Million in Second Round Financing
On November 22, MedNet Solutions announced that Arrowroot Capital, a Santa Monica, California based growth equity firm, paved the way for a $16.5 million investment in our organization. A new private equity partner, Cohesive Capital Partners, joined Arrowroot and other past investors in making this significant corporate investment. The new financing represents the largest private equity investment in our company’s history, and is the second major funding in the last several years. (The first round financing, totaling $4 million – also spearheaded by Arrowroot Capital - took place in July, 2014.)
This new capital infusion will be instrumental in supporting the ongoing R&D and development efforts of iMedNet™, our comprehensive, affordable and easy-to-use eClinical solution. It will also facilitate the future growth of our company to ensure that we continue to meet the quickly growing interest in iMedNet from pharmaceutical, medical device, biotechnology, consulting and contract research organizations around the globe.
“Our future looks brighter than ever,” noted Rob Robertson, MedNet’s President and CEO. “We’re wrapping up yet another record year in terms of iMedNet sales and installations. This new financing is coming at the perfect time to fuel our ongoing eClinical product offering growth initiatives and continued expansion into new markets.”
Click here to learn more about our latest financing.
MedNet Wins Third Significant Industry Award of 2016
Our company was singled out last month by Medical LiveWire’s Healthcare and Life Sciences Awards as the “Most Outstanding in eClinical Solutions” for 2016. This award represents the third major award recognition for MedNet Solutions and the iMedNet eClinical platform by the global life sciences community this year. Our other 2016 awards include:
- MedNet Solutions’ iMedNet Named a “Top 10 eClinical Solution” by Pharma Tech Outlook.
- MedNet Solutions’ iMedNet Named “Best eClinical Solution 2016” by Global Health and Pharma Magazine
“These multiple awards are strong endorsements of the significant positive impact that our eClinical technologies are having on worldwide clinical research initiatives,” remarked Rob Robertson. “They affirm the work we have done – and continue to do – to deliver innovative, flexible and cost-effective solutions that truly support all types of clinical research.”
Click here to learn more about our most recent award.