On Tuesday, Berwyn, Pa.-based Mural Health Technologies, Inc. announced it had raised $8 million in seed funding to accelerate the growth of its Mural Link platform to modernize the clinical trial experience for patients and caregivers.
Led by Bessemer Venture Partners, the seed funding raised also saw participation from Virtue VC, Operator Partners, Arkitect Ventures, Correlation Ventures, and Project Mayhem Ventures. The funding will allow the company to expand Mural Link, a next-generation payment technology that is integrated with transportation, communication and data collection functionalities. Officials with Mural Health said the software will reduce the burden on and increase the retention of participants in clinical trials.
“Participants in clinical trials often get overlooked as the industry, and the world, focuses on study results. But patients and their caregivers represent ground-zero. They are the source of data and without their participation new therapies cannot be safely brought to market,” Sam Whitaker, Mural Health’s co-CEO and co-founder, said. “We believe that as we serve participants well, study sponsors will enjoy improved enrollment, retention, and protocol compliance. And the global community will, consequently, be better served by the new products that are made possible by clinical R&D.”
Officials said the platform will give participants the power to choose how they receive payments, provide patients with the ability to get to site visits without incurring added expense, and will optimize two-way secure participant messaging and real-time feedback for study personnel.
Clinical partners said the platform was a game-changer.
“I have deployed several different participant support systems. Mural Health’s platform is exactly what the industry needs. Their product is intuitive, delightful to interact with, and is clearly designed for the patient and caretaker,” Cindy Grabowski, Vice President of Clinical Affairs at Sonex Health, said. “The Mural team is genuinely passionate about delivering on their promises. Their level of service that follows is refreshing and personal. The Mural team has been an absolute pleasure to work with.”