2023 Revenue
$96.5M
Funding
$0
Team
546
Founded
1969
How Instem CEO Phil Reason grew to $96.5M revenue with a 546 person team in 2023.
Instem is a leading supplier of IT applications to the early development healthcare market, delivering compelling solutions for data collection, management, and analysis across the R&D continuum. Its applications are in use by customers worldwide, meeting the rapidly expanding needs of life science and healthcare organizations for data-driven decision making leading to safer, more effective products.
The company's portfolio of software solutions increases client productivity by automating study-related processes and offers the unique ability to generate new knowledge through the extraction and harmonization of actionable scientific information.
Instem supports its clients through full-service offices in the United States, United Kingdom, and China, with additional locations in India and a full-service distributor based in Japan.
Last updated
Instem Revenue
In 2023, Instem's revenue reached $96.5M. Since its launch in 1969, Instem has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Instem Hit $96.5m revenue in December 2023 | |
| 1969 | Launched with $0 revenue |
Instem Valuation, Funding Rounds
Instem is a bootstrapped Other Analytics Software startup. Founded in 1969, Instem has grown to $96.5M in revenue without raising any venture capital or outside funding.
As a self-funded Other Analytics Software SaaS company, Instem has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Instem yet.
Instem Employees & Team Size
Instem employs approximately 546 people as of 2026, up from 536 in 2022.
| Year | Milestone |
|---|---|
| 2023 | Reached 546 employees (December 2023) |
| 2022 | Reached 536 employees (December 2022) |
Frequently Asked Questions about Instem
What is Instem's revenue?
Instem generates $96.5M in revenue.
Who founded Instem?
Instem was founded by Phil Reason.
Who is the CEO of Instem?
The CEO of Instem is Phil Reason.
How much funding does Instem have?
Instem raised $0.
How many employees does Instem have?
Instem has 546 employees.
Where is Instem headquarters?
Instem is headquartered in Conshohocken, Pennsylvania, United States.
Compare Instem to the industry
Instem operates across multiple industries. Browse revenue, funding, and growth data for Instem in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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