Cleveland funding news: Health care tops recent local investments

Cleveland-based document management and clinical trials company Complion has secured $7 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 13 and led by Beringea.

According to its Crunchbase profile, "The Complion platform offers tremendous benefits to every role in the clinical trial ecosystem. It allows administrators and research coordinators to more efficiently maintain compliance protocols. It unleashes investigators to explore potential innovation with fewer hassles."

The five-year-old company has raised seven previous funding rounds, including a $1.6 million round in 2016.

The round brings total funding raised by Cleveland companies in health care over the past month to $18 million. The local health care industry has produced 26 funding rounds over the past year, capturing a total of $334 million in venture funding.

In other local funding news, Case Western Reserve University School of Medicine announced a $3.3 million grant on February 19, financed by National Institute of Allergy and Infectious Diseases.

According to Crunchbase, "Case Western Reserve University School of Medicine is a research institution that is focused on medical education and biomedical research. Case Western Reserve University School of Medicine facilitates schools and colleges such as Case School of Engineering, College of Arts and Sciences, Frances Payne Bolton School of Nursing, Mandel School of Applied Social Sciences, School of Dental Medicine, School of Law, School of Medicine, and Weatherhead School of Management."

Founded in 1843, the school has raised two previous rounds, including a $1.6 million grant in 2018.


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