FinTechFunding

Hawthorne Effect: Raises $20M in Series A Funding

Hawthorne Effect Raises $20M in Series A Funding

  • Hawthorne Effect, a San Francisco CA-based company which offers solutions for decentralizing clinical trials, raised $20M in Series A funding
  • The round was led by Northpond Ventures, with participation from SignalFire and P5 Health Ventures
  • The company intends to use the funds to accelerate growth and help scale operations
  • The company’s tech-driven platform, the Hawthorne Cloud, works with highly trained medical professionals
  • Since launching in 2015, the solution has been used across more than 50 clinical trials
  • The company is actively engaged with more than 260 clinical sites and also runs trials as a single virtual site
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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