[This article was taken from NJTW News, an NJTechWeekly.com newsletter. Sign up for it here.]
- Doceree (Parsippany), which offers a platform powered by artificial intelligence, to enable life science marketers to target healthcare professionals during decision-making moments, raised $11 million, the company announced this week.
- Eight Roads Ventures (Boston), a global investment firm backed by Fidelity (Boston) was the lead investor.
- F-Prime Capital (Cambridge, Mass.) and Alkemi Growth Capital (New Delhi, India) also participated in the round.
- The company was founded by Harshit Jain. a former physician who transitioned into the healthcare marketing space.
Angelo Stracquatanio At Innovation+
- Angelo Stracquatanio, cofounder and CEO of Apprentice (Jersey City), spoke to James Barrood in an Innovation+ Entrepreneur Chat on Friday.
- The company grew quickly during the pandemic as demand for its pharma manufacturing software exploded.
- Apprentice employed 18 people going into the pandemic, and now employs 200.
- The startup recently raised $100 million in a Series C round, led by new investor Alkeon Capital Management (New York).
- Stracquatanio noted that his biggest hurdle was gaining the trust of his future customers, and he said he had worked on this for four years before anything happened.
- His advice to others facing a rapid ramp-up? “Alignment is fundamental to the success and health of the organization.”
- He believes that by using an “objectives and key results” goal-setting methodology, companies can achieve alignment and success.
- Stacquantanio also attributed his success in getting through this “wild ride” to guidance from a CEO coach recommended to him by his first investor.