Safeguard Scientifics leads $17.5M financing for Aktana

Aktana Raises $17.5M To Fund Growing Decision Support Business In Life Sciences

JUN 08, 2016

New Capital Targets International Expansion and Continued Product Development

Founded in 2011, Aktana focuses exclusively on the life sciences market, which has contributed to multi-year growth rates of more than 100%, and relationships with seven of the world’s top 15 pharmaceutical companies. Aktana helps these customers improve their commercial effectiveness by delivering data-driven insights and suggestions directly to sales reps, coordinating multi-channel actions, and providing insight regarding which strategies work best for which customers under which conditions.

San Francisco, CA, June 8, 2016 — Aktana, the pioneer in decision support for global life science companies, today announced a $17.5 million financing led by Safeguard Scientifics, Inc. (NYSE: SFE), which will initially deploy up to $8.25 million. Existing investor Starfish Ventures and others are also participating in the financing. Closing is expected on or before June 16, 2016. Aktana will use proceeds from the financing primarily for continued product development and international expansion. The company plans to open offices in China and Europe, adding to its current offices in San Francisco, New York City, and Tokyo.

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