QuantiaMD Raises $10 Million Series B For Its Physician Social Networking Platform

9-3-2013 9-06-12 PM

QuantiaMD raises a $10 million Series B round led by Safeguard Scientifics and Fuse Capital. The round follows a $12 million Series A round raised in October. Quantia is building a clinical collaboration platform where physicians can securely share case details and seek second opinions from peers. The platform is free for doctors and has attracted a 200,000 physician user base.

Quantia monetizes its platform by selling targeted advertising to pharmaceutical companies. Marketing dollars have been steadily declining within the pharmaceutical industry in the last few years and businesses built around this revenue stream have generally struggled, which may be why Quantia is in need of a fresh $10 million less than a year after it raised $12 million. The company will use the new funds to ramp up sales and marketing efforts.

↑ Back to top

Founding Sponsors

Platinum Sponsors