NextDocs, a company that sells Microsoft SharePoint based software for the life sciences industry, has raised $10.3 million in a Series A financing from OpenView Venture Partners.
NextDocs helps life sciences companies of leverage SharePoint-based document and management software.The company actually customizes SharePoint for companies in the pharmaceuticals, medical device and biotech industries. NextDocs actually has over 100 customers across the life sciences industry (including five of the ten largest pharmaceutical companies in the U.S.).
And the company is growing at an impressive clip. NextDocs expects to pull in $15 million in revenue this year, and has doubled in size over the past two years. NextDocs says that it will put the new funding towards product development, customer service and support, and expansion into new markets.