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§ Private Profile · 3800 Paramount Pkwy Suite 100 Morrisville, North Carolina 27560, USA
Global dCRO providing clinical research services for biopharmaceutical and medical device companies, focused on therapeutic areas.
Clinipace is a Morrisville, North Carolina-based digital clinical research organization that provides fully integrated clinical trial services to biopharmaceutical and medical device companies. The company specializes in therapeutic areas such as oncology, nephrology, and rare diseases, managing regulatory expertise and clinical development across North America, Europe, Latin America, and the Asia Pacific. After completing over 1,500 clinical trials and growing to approximately 900 employees, the firm merged with dMed in 2021 to expand its geographic scope. The combined entity rebranded as Caidya under the executive leadership of Dr. Lingshi Tan, securing $165 million in investment capital to support its continued global expansion. Following the merger, the organization scaled its operations to encompass more than 1,600 employees distributed across 22 countries worldwide. Clinipace was originally founded in 2003 by Jeff Williams and Chris Porter.
Clinipace has raised $154.0M across 8 funding rounds.
Clinipace has raised $154.0M in total across 8 funding rounds.
Clinipace has raised $154.0M across 8 funding rounds. Most recently, it raised $50.0M Series C in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 7, 2021 | $50M Series C | Springhill Fund | Rock Springs Capital, Superstring Capital | Announced |
| Mar 14, 2019 | $4M Venture Round | — | — | Announced |
| Mar 1, 2018 | $20M Series U | — | Hatteras Venture Partners, Lytical Ventures, Osage University Partners, Bill Gates | Announced |
| Nov 19, 2017 | $3M Venture Round | — | — | Announced |
| Jan 15, 2015 | $50M Venture Round | Jesse Watson | Crestline Investors, Harbert Venture Partners, Hatteras Venture Partners, Mario Family Funds, Morgan Stanley | Announced |
| Oct 1, 2012 | $9M Series C | — | Lytical Ventures, Osage University Partners, Bill Gates | Announced |
| Sep 1, 2011 | $15M Series C | Melissa Daniels | Hatteras Venture Partners, Lytical Ventures, Osage University Partners, Bill Gates, Brook Private Equity Advisors | Announced |
| Jan 1, 2008 | $3M Series B | — | Hatteras Venture Partners, Osage University Partners | Announced |
Clinipace has raised $154.0M in total across 8 funding rounds.
Clinipace's investors include Springhill Fund, Rock Springs Capital, Superstring Capital, Hatteras Venture Partners, Lytical Ventures, Osage University Partners, Bill Gates, Jesse Watson, Crestline Investors, Harbert Venture Partners, Mario Family Funds, Morgan Stanley.
Clinipace (now operating under the Caidya group) is a global clinical research organization (CRO) that provides technology-enabled, full-service clinical development and trial execution for biopharmaceutical and medical device sponsors.[4][3]
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech and Biopharma Landscape
Quick Take & Future Outlook
Quick take: Clinipace’s transition into the Caidya group reflects a strategic bet that combining digital-first tools with expanded global operational capacity will win more specialty and mid‑market clinical development work—if the company can show consistent, measurable improvements in trial speed, cost, and data transparency versus legacy CRO alternatives.[4][1][3]