San Francisco-based Qualio, founded in Ireland by Robert Fenton in 2012, works with 250 life sciences companies worldwide to safely bring products to market.
Cloud quality management system player Qualio has raised $50m in series B funding in a round led by Tiger Global and including Menlo Ventures and current investors Frontline Ventures, MHS Capital, Operator Partners, Sorenson Ventures, and Storm Ventures.
This brings to $63m the amount of funding led by the Irish-founded company to date, including the $11m it raised in a Series A round last year.
“With Qualio, life sciences companies can safely scale and accelerate availability of life-saving products”
As modern life sciences companies look to accelerate industry innovation and disruption, they cannot afford to have inefficient quality management slow down product accessibility.
This is creating a surge in demand for new technologies that unite disparate teams, tools, and data in a seamless virtual work environment.
Qualio’s cloud quality management software supports life sciences organisations with technology and services that allow them to seamlessly manage critical quality processes across their entire supply chain.
A design for life sciences
“With Qualio, life sciences companies can safely scale and accelerate availability of life-saving products,” said Robert Fenton, Founder and CEO, Qualio.
“Modern-day life sciences companies need state-of-the art, easy-to-use tools to address what consumers have come to expect — to be able to trust that the products we put in or on our bodies are safe and effective and will work consistently to improve health and well-being.”
Over the last year, Qualio has experienced unprecedented customer demand, including more than 260pc revenue growth year-over-year. To support this demand, Qualio has focused on value-driven hiring — including tripling the size of their team in 2020.
The company now has more than 250 customers across the globe, spanning the medical device, pharmaceutical, biotech, and contract service provider markets. Customers include notable organisations such as Medable, Paula’s Choice Skincare, Proscia, and Ginkgo Bioworks.
Qualio is an all-remote company that was founded with the belief that culture and competency matter more than geography.
“Qualio has proven its ability to support life sciences organizations in bringing life-saving products to market faster without jeopardizing quality,” said John Curtius, Partner, Tiger Global.
“Their modern, scalable, and user-friendly software married with their best-in-class services represents the future of accelerated product development in the highly regulated life sciences sector.”
By John Kennedy (email@example.com)
Published: 27 May 2021