goBalto secures Series A financing
goBalto, developer of new generation web-based clinical research solutions, has raised an undisclosed amount in Series A financing from Silicon Valley-based health technology investors Aberdare Ventures and the West Health Investment Fund. The funds will be used to expand goBalto's corporate activities and to enhance Tracker, its Software-as-a-Service (SaaS) clinical trials platform that was launched in June 2011.
Mohit Kaushal, co-manager of the West Health Investment Fund, said, "We're very excited to work with goBalto to help reduce barriers for companies to conduct clinical trials. Decreasing the cost of innovation within health care is a core focus for the West Health Investment Fund."