Vodori looks to expand following a $3 million fundraiser
Vodori plans to spend funds on expanding on current software offerings
Today, Vodori announced a successful $3 million fundraiser to help it further simplify how life science companies create, approve and distribute regulated content. Vodori, a creator of cloud-based software for life science companies, shared in the announcement that the fundraising included a number of Vodori’s existing investors, each of which is committed to helping the company build on the momentum it generated over the last year.
This fundraising comes at a time when interest in growing in technologies that can effectively decrease the time spent on the regulatory approval processes while increasing compliance. In light of this growing interest, Vodori has announced it’ll use the $3 million raises to increase research and development while expanding on the company’s current software offerings, which currently includes Pepper Flow, Pepper Flow Digital Review and Pepper Folio.
Pepper Flow helps life science companies move through promotional material reviews quickly, accurately and in adherence to strict compliance regulations. Pepper Flow Digital Review, on the other hand, provides the industry's only interactive webpage review solution. Pepper Folio seamlessly disseminates approved marketing materials to life sciences sales reps and medical science liaisons.
Scott Rovegno, Vodori Founder and CEO, shared in the press release, "Our 8x revenue growth in 2019 and 150 percent increase in Pepper Flow usage in 2020 have shown us that life science manufacturers are hungry for next-generation software that is turnkey, intuitive, and accessible. With several customers involved in our Pepper Folio early access program, we are confident in the unmet need, the lack of solid solutions appropriately tailored to life sciences, and our collaboration with customers to build great products. By accelerating R&D and commercialization of our expanded software suite, we will ensure that life science companies maximize the speed, efficiency, and agility of their commercialization efforts."
Vodori is now offering its Pepper Flow MLR Bundle at no cost for six months.
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