Valuation
$2.1B
2024 Revenue
$11.6M(Est.)
Customers
1M
Funding
$506.6M
Avg ACV
$12
Team · 2025
328
Founded
2012
Medable Revenue, Valuation & Funding (2024)
Developer of an online platform designed to accelerate the path to human discovery and medical cures. The company offers an end-to-end, cloud-based platform with a flexible suite of tools for clinical trials and provides automated alerts and notifications in a secure and safe way, removing silos and enabling patients, sites, CROs and Sponsors to function as a trial team.
Last updated
Medable Revenue
In 2024, Medable's revenue reached $11.6M. The company previously reported $9.2M in 2023. Since its launch in 2012, Medable has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Medable Hit $11.6m revenue in October 2024 | Estimated |
| 2023 | Medable Hit $9.2m revenue in October 2023 | Estimated |
| 2021 | Medable Hit $9.1m revenue in April 2021 | |
| 2012 | Launched with $0 revenue |
Medable Valuation, Funding Rounds
Medable reached a $2.1B valuation in 2021, set during its Series D round.
Medable has raised $506.6M in total funding across 6 rounds, most recently a $304M Series D round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series D | $304M | $2.1B | 14% | |
| 2021 | Series C | $78M | - | - | |
| 2020 | Series C | $91M | - | - | |
| 2020 | Venture Round | $25M | - | - | |
| 2017 | Venture Round | $5M | - | - | |
| 2015 | Venture Round | $3.6M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Medable serves 1M customers.
Medable Employees & Team Size
Medable employs approximately 328 people as of 2026, down from 352 in 2024, including 13 sales reps that carry a quota. It serves 1M customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 328 employees (November 2025) | |
| 2025 | Reached 327 employees (November 2025) | |
| 2024 | Reached 352 employees (December 2024) | |
| 2024 | Reached 364 employees (September 2024) | |
| 2023 | Reached 458 employees (October 2023) | |
| 2022 | Reached 619 employees (October 2022) | |
| 2021 | Reached 545 employees (December 2021) | |
| 2021 | Reached 277 employees (April 2021) |
Frequently Asked Questions about Medable
What is Medable's revenue?
Medable generates an estimated $11.6M in annual revenue.
Who founded Medable?
Medable was founded by Michelle Longmire.
Who is the CEO of Medable?
The CEO of Medable is Michelle Longmire.
How much funding does Medable have?
Medable raised $506.6M across 6 rounds.
How many employees does Medable have?
Medable has 328 employees.
Where is Medable headquarters?
Medable is headquartered in Palo Alto, California, United States.
Compare Medable to the industry
Medable operates across multiple industries. Browse revenue, funding, and growth data for Medable 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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