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How Medrio CEO Nicole Latimer grew Medrio to $43M revenue and 975K customers in 2024.

Developer of eClinical software products designed for clinical studies in all phases and therapeutic areas. The company's software platform and a mobile suite of products provide a web-based electronic data for clinical research applications and also support various processes for clinical research, study design, data collection, management reports, statistical analyses and presentation, enabling study sponsors and contract research organizations (CROs) ton rapidly set-up and conduct clinical trials.

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Medrio Revenue

In 2024, Medrio's revenue reached $43M. The company previously reported $24.9M in 2024. Since its launch in 2005, Medrio has shown consistent revenue growth.

Medrio Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M20052007200920112013201520172019202120232024$0$10M$43MSource: GetLatka.com
YearMilestone
2024Medrio Hit $43m revenue in November 2024
2024Medrio Hit $24.9m revenue in October 2024
2023Medrio Hit $12.2m revenue in October 2023
2021Medrio Hit $9.5m revenue in April 2021
2005Launched with $0 revenue

Medrio Valuation, Funding Rounds

Medrio has not publicly disclosed its valuation. The company has raised $32M in total funding to date.

Medrio has raised $32M in total funding across 2 rounds, with its most recent round in 2017.

Medrio Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$8M$15M$23M$30M$38M20052007200920112013201520172005 cumulative: $0 • 2005 Founded: $02011 cumulative: $2M • 2005 Founded: $0 • 2011 Funding round: $2M2017 cumulative: $32M • 2005 Founded: $0 • 2011 Funding round: $2M • 2017 Funding round: $30M$32M2005 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2017Funding round$30M--
2011Funding round$2M--

Medrio Employees & Team Size

Medrio employs approximately 189 people as of 2026, down from 204 in 2023.

Medrio has 189 total employees in different roles and functions and 24 sales reps that carry a quota. They have 975K customers that rely on the company's solutions.

Medrio Team GrowthReported headcount over time0501001502002502005200720092011201320152017201920212023202400189189Source: GetLatka.com
YearMilestone
2024Reached 189 employees (December 2024)
2024Reached 204 employees (October 2024)
2023Reached 204 employees (October 2023)
2022Reached 210 employees (October 2022)
2021Reached 191 employees (December 2021)
2021Reached 163 employees (April 2021)

Founder / CEO

Nicole Latimer

Nicole Latimer is listed as Founder / CEO at Medrio.

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Frequently Asked Questions about Medrio

What is Medrio's revenue?

Medrio generates $43M in revenue.

Who founded Medrio?

Medrio was founded by Nicole Latimer.

Who is the CEO of Medrio?

The CEO of Medrio is Nicole Latimer.

How much funding does Medrio have?

Medrio raised $32M.

How many employees does Medrio have?

Medrio has 189 employees.

Where is Medrio headquarters?

Medrio is headquartered in San Francisco, California, United States.

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Compare Medrio to the industry

Medrio operates across multiple industries. Browse revenue, funding, and growth data for Medrio in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Medrio Revenue 2024: $43M ARR, $32M Raised