Total amount raised
$66.1 Millions
Latest funding date
05/01/2021
Location
Qualio has successfully raised funds through multiple rounds, with its latest being a Series B round closed on May 25, 2021. The company is backed by 12 investors, including MHS Capital and Sorenson Capital.
Qualio offers a cloud-based quality management software designed to optimize life science businesses, focusing on user experience and collaborative content management. Keep reading to explore the intricacies of Qualio's fundraising journey and the investors backing this innovative platform.
What Is Qualio?
Founded in 2012 by Robert Fenton, Qualio is headquartered in San Francisco, California. The company operates within multiple industries, including biotechnology, life sciences, medical devices, pharmaceuticals, and software.
Qualio employs between 101 and 250 people and offers a cloud-based quality management software system. This platform is designed to help life sciences companies manage their quality processes efficiently, supporting compliance with FDA, ISO, and other regulatory standards.
How Much Funding Has Qualio Raised?
- Seed Round
- Amount Raised: €300K
- Date: April 2016
- Lead Investors: 500 Global, Enterprise Ireland
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Seed Round
- Amount Raised: $2.2M
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the customer base.
- Venture Round
- Amount Raised: $2.6M
- Date: July 2019
- Lead Investors: Frontline Ventures, MHS Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A
- Amount Raised: $11M
- Date: July 2020
- Lead Investors: Storm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial scaling and development of the platform.
- Series B
- Amount Raised: $50M
- Date: May 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global customer expansion and significant investment in product development and engineering.
Total Amount Raised: $65.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies. They have a strong presence in the technology and software sectors.
- Investment Focus Areas: Technology, software, consumer, industrial sectors
- Notable Investments: Facebook, LinkedIn, Spotify
- Storm Ventures
- Details: Storm Ventures is a venture capital firm that invests in early-stage enterprise software companies. They are known for their focus on SaaS and cloud infrastructure.
- Investment Focus Areas: Enterprise software, SaaS, cloud infrastructure
- Notable Investments: Marketo, MobileIron, Talkdesk
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that invests in early-stage B2B software companies. They have a strong focus on enterprise technology.
- Investment Focus Areas: B2B software, SaaS, enterprise technology
- Notable Investments: Intercom, CurrencyFair, Boxever
- MHS Capital
- Details: MHS Capital is a venture capital firm that invests in early-stage technology companies. They are known for their focus on innovative tech startups.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Thumbtack, SendGrid, Parse.ly
- 500 Global
- Details: 500 Global is a venture capital firm that invests in early-stage startups across various sectors. They have a diverse portfolio of investments.
- Investment Focus Areas: Early-stage startups across various sectors
- Notable Investments: Canva, Credit Karma, Udemy
What's Next for Qualio?
Qualio stands at the cusp of significant growth, driven by the rapid digital transformation in the life sciences industry. With a $50 million Series B funding round, the company aims to expand its electronic quality management software (eQMS) globally, supporting 100,000 teams in launching and scaling life-saving products. This opportunity is bolstered by the increasing demand for cloud-based quality management systems and the need for speed in product development.
Future fundraising opportunities seem promising as Qualio continues to attract interest from world-class investors like Tiger Global and Menlo Ventures. The company plans to triple its team size, enhancing its product and engineering capabilities to meet growing customer needs. However, challenges such as managing rapid growth, maintaining high-quality standards, and navigating a highly regulated industry could pose significant hurdles.
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