Total amount raised
$66.1 Million
Latest funding date
05/01/2021
Location
Qualio has successfully raised funding through seven rounds, with notable investors including MHS Capital, Sorenson Capital, and Tiger Global Management leading the Series B round. The company offers a comprehensive cloud-based quality management software platform designed to help life sciences companies ensure compliance and accelerate market entry.
Keep reading to explore the intricacies of Qualio's fundraising journey and the investors backing this innovative platform.
What Is Qualio?
Qualio, based in San Francisco, California, is a private company specializing in cloud-based quality management software for life sciences. The company operates in various industries, including biotechnology, pharmaceuticals, and medical devices.
With an employee count ranging from 101 to 250, Qualio is trusted by over 700 highly regulated customers globally. The platform integrates quality management, product lifecycle, and compliance intelligence to help companies stay audit-ready and accelerate market entry.
How Much Funding Has Qualio Raised?
- Seed Round
- Amount Raised: EUR 300,000
- Date: April 2016
- Lead Investors: 500 Global, Enterprise Ireland
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and market entry of Qualio's quality management software.
- Seed Round
- Amount Raised: USD 2,200,000
- 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 its customer base.
- Series Unknown
- Amount Raised: USD 2,580,342
- Date: July 2019
- Lead Investors: Frontline Ventures, MHS Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and scale operations.
- Series A
- Amount Raised: USD 11,000,000
- Date: July 2020
- Lead Investors: Storm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series B
- Amount Raised: USD 50,000,000
- Date: May 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support customer expansion globally and invest in product and engineering team growth.
Total Amount Raised: USD 65,080,342. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a strong track record of backing high-growth companies.
- 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 focus on helping startups scale and succeed in competitive markets.
- 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 aim to support companies that are transforming industries through innovative software solutions.
- Investment Focus Areas: B2B software companies
- Notable Investments: Intercom, Pointy, Logentries
- MHS Capital
- Details: MHS Capital is a venture capital firm that invests in early-stage technology companies. They focus on partnering with entrepreneurs to build market-leading companies.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Thumbtack, PagerDuty, SendGrid
- 500 Global
- Details: 500 Global is a venture capital firm that invests in early-stage startups across various sectors. They provide funding, mentorship, and support to help startups grow and succeed.
- Investment Focus Areas: Early-stage startups across various sectors
- Notable Investments: Credit Karma, Canva
What's Next for Qualio?
Qualio stands at the cusp of significant growth opportunities, driven by the rapid digital transformation in the life sciences sector. With a mission to support 100,000 teams in launching life-saving products, the company plans to expand its electronic quality management software (eQMS) globally and invest heavily in product and engineering teams. This expansion is bolstered by a $50 million Series B funding round, positioning Qualio to meet the increasing demand for efficient quality management systems.
Future fundraising opportunities appear promising as Qualio continues to scale its operations and enhance its platform. The company may pursue additional funding rounds to support further global expansion and product development. However, challenges such as maintaining high standards of quality and compliance, managing rapid team growth, and navigating regulatory landscapes in different markets could pose hurdles along the way.
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