L7 Informatics Raises $ 13 Million in Series B Funding
AUSTIN, Texas, March 8, 2021 / PRNewswire / – L7 Informatics, a Leader in Enterprise-Wide Digital Transformation and Science Process Automation in Life Sciences and Health, Announced the Closing of its Round Table B Series. Funding was supported by former investors as well as several new investors, including Phoenix Venture Partners.
“We are very happy to join the L7 mission. The company’s enterprise science platform has the flexibility and basic scope to advance healthcare and life science R&D and manufacturing in a new digital age ” said Dr. Zach Jonasson, Managing Partner of Phoenix Venture Partners.
The proceeds of the financing will be used to accelerate the commercialization of L7’s corporate science platform™ (L7 | ESP™), a state-of-the-art software platform that simplifies data management, digitizes and automates workflows in therapeutics, diagnostics, medicine, research and agrochemicals, to enable breakthrough efficiency, better compliance, lower costs and improved operational speed.
CEO Dr. Vasu Rangadass said: “We appreciate the shared commitment of our investors to L7’s vision of digitizing R&D and manufacturing processes in the health and life sciences. This investment will allow us to continue to expand our product portfolio to meet the growing demand for innovation in workflows and data management in life sciences. “
About L7 Informatique
L7’s mission is to revolutionize the scientific process by streamlining process and data management, thereby accelerating precision health in life sciences, healthcare and food value chains. L7 Informatics provides software and services that enable digital transformation for scientific research and development. For more information, visit www.L7informatics.com.
About Phoenix Venture Partners
Phoenix Venture Partners (PVP) is a leading venture capital firm focused on industrial innovation. PVP invests and partners with entrepreneurs to commercialize technologies that transform the pharmaceutical, healthcare and other major industries. The PVP team has a proven track record in creating, building and investing in successful start-ups and assist portfolio companies with customer and supply chain partnerships, business development and strategic and operational support. PVP is based in Silicon Valley with satellite offices in Seattle and New York. For more information, please visit www.phoenix-vp.com.
SOURCE L7 Computer Science