About CluePoints
CluePoints is a risk-based monitoring solution for clinical trials, utilizing statistical algorithms to detect data anomalies and ensure integrity per ICH, FDA, and EMA guidelines. Deployed across pharmaceutical studies, it optimizes site monitoring and reduces submission risks through centralized data review.
Founded
2012
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$540M (acquired Jun 2024)
CluePoints Acquisition
CluePoints was acquired by EQT for $540M on 12 June 2024.
Before the acquisition CluePoints had raised $7M across 1 funding round.
CluePoints, founded in Belgium in 2012, provides a cloud-based software platform for Risk-Based Quality Management (RBQM) and data quality oversight in clinical trials, leveraging AI, advanced statistics, and machine learning to enable safer processes, improve data integrity, and ensure risk compliance, aligned with FDA, EMA, and ICH E6 (R2) guidelines. The platform supports central and on-site monitoring, medical review, and quality risk management across all trial phases, with recent product launches including SPOT (Site Profile and Oversight Tool), Intelligent Medical Coding (IMC), and Medical & Safety Review (MSR). Since receiving growth investment from Summit Partners in 2020, CluePoints achieved significant expansion through robust go-to-market development, new product introductions, market diversification, 50-60% ARR growth, 145% net revenue retention, 95% gross revenue retention, and strong customer NPS, culminating in a SaaS rule of 88 well above industry benchmarks. EQT, a Swedish global private equity firm managing over $230 billion in assets, acquired a majority stake in CluePoints in June 2024 through its Healthcare Growth and Technology Growth strategies, following an auction process where certain sellers including Summit Partners, Clinimetrics SA (co-founder), WE, Invest.BQ, and Theodorus reinvested, while others exited. The transaction, subject to customary approvals, closed in Q3 2024, with EQT securing all shares including UK and US subsidiaries, earning the Best Large Cap Private Equity Exit 2024 Award at the M&A Belgium Awards. EQT's strategic rationale leverages its 30-year healthcare investment track record, SaaS and AI expertise, in-house digital team, and global Industrial Advisors network to reinforce CluePoints' leadership in RBQM and clinical data analytics amid accelerating adoption driven by rising R&D spend, data complexity, patient safety focus, and regulatory scrutiny. The deal validates CluePoints' evolution from RBQM single-product startup to multi-product AI-driven data analytics leader, positioning it for expansion into adjacent markets with EQT's full platform support.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 12 Jun 2024 | PE buyout | $540M |
CluePoints Funding History
CluePoints has raised a total of $7M across 1 funding round.
CluePoints funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2015 | Series A | S.R.I.W. (lead); Theodorus III; Nivelinvest | $7M | CluePoints secured a €6 million growth investment on July 23, 2015, from investors including S.R.I.W., Nivelinvest, Theodorus III, founder Marc Buyse, and former UCB CEO Roch Doliveux. The funding supports expansion of operations and business development in the U.S., technology innovation, and growth in the risk-based monitoring market for clinical trials. CluePoints provides Central Statistical Monitoring (CSM) software using patented SMART engine to detect anomalous data, improve clinical data quality, optimize on-site monitoring, and reduce regulatory submission risks. |
Who has invested in CluePoints?
3 investors have backed CluePoints across its funding rounds, including S.R.I.W., Theodorus III and Nivelinvest.
Lead investors include S.R.I.W..
CluePoints Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jul 2015 | ||
This data is available for Pro users. Sign up to see all 3 CluePoints investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCluePoints Competitors
CluePoints competitors include listed companies like Nanjing Medlander Medical and Simulations Plus, and private ones like Elligo Health Research, BrightInsight, Cloudnine Hospitals and AcuityMD.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $392M | - | ||
| Publicly listed | $64M | $20M | $418M | - | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $79M | ($62M) | $373M | 3.9x | ||
| Private | $101M | - | $321M | 3.2x | ||
| Private | - | - | $955M | - |
CluePoints Public Comps
CluePoints is no longer listed, but its public comps include Equasens, Claritev, Heren Health, Novartis India, Shang Gong Group, Veradigm, Evotec, RaySearch Labs, Weave Communications and Craneware.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $272M | $75M | 1.9x | 1.8x | 7.0x | 6.7x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $65M | $11M | 7.4x | - | 42.4x | - | |||
| $37M | $10M | 12.7x | - | 47.4x | - | |||
| $649M | $27M | 1.0x | - | 23.7x | - | |||
| $588M | $54M | 0.9x | 0.9x | 9.8x | 6.8x | |||
| $908M | $26M | 0.5x | 0.7x | 18.9x | (10.9x) | |||
| $137M | $59M | 4.4x | 4.2x | 10.1x | 9.3x | |||
This data is available for Pro users. Sign up to see all CluePoints competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CluePoints
| When was CluePoints founded? | CluePoints was founded in 2012. |
| Where is CluePoints headquartered? | CluePoints is headquartered in Philadelphia, PA, United States. |
| Is CluePoints publicly listed? | No, CluePoints was acquired by EQT in June 2024. |
| Who acquired CluePoints? | CluePoints was acquired by EQT in June 2024. |
| How much was CluePoints acquired for? | CluePoints was acquired for $540M in June 2024. |
| How much funding has CluePoints raised? | CluePoints has raised $7M across 1 funding round. |
| What was CluePoints' last funding round? | CluePoints' last funding round was a $7M Series A in July 2015, led by S.R.I.W.. |
| Who are CluePoints' investors? | CluePoints' investors include S.R.I.W., Theodorus III and Nivelinvest. |
| Which companies are comparable to CluePoints? | Companies comparable to CluePoints include Elligo Health Research, Nanjing Medlander Medical, BrightInsight, Simulations Plus, Cloudnine Hospitals and AcuityMD. |
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