Castor
A cloud-based clinical data platform that simplifies the clinical trial process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
$45.0m | Series B | ||
| Total Funding | 000k | ||
| USD | 2019 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Castor EDC is a dynamic startup that specializes in providing electronic data capture (EDC) solutions for the pharmaceutical and biotech industries. The company operates in the healthcare technology market, focusing on simplifying and streamlining the process of collecting and managing clinical trial data. Castor's primary clients include pharmaceutical companies, biotech firms, and academic research institutions that conduct clinical trials and need efficient, reliable data management systems.
The core of Castor's business is its cloud-based platform, which offers a suite of tools designed to capture high-quality data from patients and clinicians. These tools include EDC, electronic Clinical Outcome Assessment (eCOA), electronic Patient-Reported Outcomes (ePRO), Electronic Health Record (EHR) eSource, electronic Consent (eConsent), Interactive Web Response System (IWRS), and Interactive Response Technology (IRT) modules. These features enable clients to build, test, and deploy clinical trials more quickly and efficiently, often reducing the timeline from months to weeks.
Castor's business model is based on a subscription service, where clients pay for access to its platform and tools. The company also offers additional services such as study building, data management, and regulatory compliance support. This ensures that clients not only have the technology they need but also the expertise to use it effectively.
Revenue is generated through subscription fees, service fees for custom study builds, and additional support packages. Castor also provides free educational resources through its Castor Academy, helping users become proficient in using their platform, which enhances customer satisfaction and retention.
In summary, Castor EDC is a healthcare technology company that provides a comprehensive, user-friendly platform for managing clinical trial data, serving pharmaceutical and biotech companies, and academic research institutions. Its cloud-based solutions and expert support help clients conduct efficient, compliant, and high-quality clinical trials.
Keywords: EDC, clinical trials, pharmaceutical, biotech, data capture, cloud-based, eCOA, ePRO, regulatory compliance, healthcare technology.