Comprehend Systems’ offering lures eighteen backers

XDATA – August 18th 2014

comprehendSo far eighteen investors participated to Comprehend Systems‘ $21 million non-brokered financing round. Financial backers bought, almost two weeks ago, 100% of the offering or $20.92 million worth of equity. Until this disclosure Comprehend Systems had raised an estimated $8.72 million in unregistered securities via one previous financing round.

Comprehend Systems develops and markets cloud-based clinical data insights tools that improve the way clinical researchers access, understand, explore and analyze data. Financial backers include Sequoia Capital and Lightspeed Venture Partners.

The company, headquartered in Redwood City CA, is led by Richard V Morrison (President). Comprehend Systems elected to keep its revenues undisclosed.
The executive team includes Paul Gardner.
The board of directors includes Warren Hogarth.

The company has raised an estimated total of $29.64 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Comprehend Systems
Industry: Computers
Amount offered: $21 million
Amount placed: $20.92 million
First sale: 08-05-2014
Data as of: 08-18-2014

For more information visit


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