VitalTrax
VitalTrax is a technology company.
Financial History
VitalTrax has raised $150K across 1 funding round.
Frequently Asked Questions
How much funding has VitalTrax raised?
VitalTrax has raised $150K in total across 1 funding round.
VitalTrax is a technology company.
VitalTrax has raised $150K across 1 funding round.
VitalTrax has raised $150K in total across 1 funding round.
VitalTrax is a technology company that operates a cloud-based clinical trial network, primarily through its platform PatientWing, to connect patients with relevant clinical studies and streamline recruitment and enrollment.[1][5] It serves patients seeking trials, clinical trial sponsors, contract research organizations (CROs), and research sites by solving key challenges like low patient enrollment due to awareness gaps and matching difficulties, which delay research and raise costs.[1][3] The platform offers comprehensive trial listings, advanced search/filtering by condition and location, direct sponsor-patient communication, educational resources, engagement tools, and social media integration, with early commercial traction via a mobile app and online tools launched around 2017.[1][4] Founded in 2016 with about 26 employees, VitalTrax focuses on enhancing participation rates and trial efficiency in healthcare.[1][2]
VitalTrax was founded in 2016 as a response to persistent issues in clinical trials, where low patient enrollment—often due to lack of awareness and poor candidate matching—leads to delays, higher costs, and slower treatment development.[1] The company emerged from the need for a centralized, tech-driven solution, debuting its first commercial product, PatientWing, around 2017 as a mobile app and online platform for trial listings, recruitment, and enrollment.[1][4] Backed by partners like Ben Franklin Technology Partners, VitalTrax has grown into a provider of complete clinical trial data collection and patient engagement tools, maintaining a lean team of 26 employees while expanding its cloud-based enterprise offerings.[1][3][2] Specific founder details remain limited in available records, but the company's Philly roots and focus on direct-to-patient approaches mark its early pivotal moments.[4]
VitalTrax stands out in clinical trial recruitment through these key elements:
VitalTrax rides the wave of digital health transformation in clinical research, where patient-centric tech addresses a $40B+ global trials market plagued by enrollment shortfalls—studies often miss timelines by months due to recruitment woes.[1] Its timing aligns with rising demand for decentralized trials post-COVID, accelerated by telehealth adoption and AI-driven matching, favoring platforms that cut costs (up to 30% of trial budgets on recruitment) and speed innovation in therapies for chronic diseases.[1][5] By influencing ecosystems through better sponsor-patient interactions and data tools, VitalTrax supports faster drug development, indirectly boosting Philly's biotech scene via partnerships like Ben Franklin.[3][4]
VitalTrax is poised for expansion by deepening AI integrations for precise matching and partnering with big pharma for scaled trials, capitalizing on trends like real-world evidence and personalized medicine.[1][5] Regulatory pushes for diverse enrollment and rising virtual trial adoption will propel its growth, potentially evolving it into a full lifecycle platform amid a projected $100B digital trials market by 2030. As patient empowerment reshapes healthcare, VitalTrax's focus on accessible enrollment positions it to drive broader research acceleration, fulfilling its promise to bridge critical gaps in clinical innovation.[1][3]
VitalTrax has raised $150K in total across 1 funding round.
VitalTrax's investors include Broad Street Angels.
VitalTrax has raised $150K across 1 funding round. Most recently, it raised $150K Seed in March 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2017 | $150K Seed | Broad Street Angels |