HAWTHORNE EFFECT: RAISES $20M IN SERIES A FUNDING

Hawthorne Effect Raises $20M in Series A Funding.

• Hawthorne Effect, a San Francisco-based company that provides solutions to centralize clinical trials, has raised $20 million in Series A financing.
• This round was managed by Northpond Ventures, with participation from SignalFire and P5 Health Ventures.
• It intends to utilize the money to speed up growth and assist in scaling operations.
• The technology-driven platform is called the Hawthorne Cloud, which works with highly skilled medical professionals.
• Since it was launched in 2015, the software has been utilized in over 50 trials in clinical research.
• The company is involved with over 260 research facilities and conducts trials through one virtual site.

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