WNY Impact Investment Fund joins $29 million raise at Circuit Clinical


Buffalo Inno - Circuit Clinical raises $29M from strategic, VC and local investors (bizjournals.com)

By Dan Miner

March 10, 2022, 09:00am EST

Circuit Clinical took the next step in a journey that is being closely watched in Buffalo recently when it closed its $29 million round of funding.

The company was founded by CEO Irfan Khan, a doctor who left his cardiology practice based on his belief that there is a better way to administer clinical trials.

Seven years later and the Buffalo-based startup has more than 70 employees as it seeks to expand its network across the U.S.

“This is a moment of transformational impact for Circuit,” Khan said. “We’ve worked hard to build a company that will now have a national footprint as it changes how patients can access clinical trials.”

The round was led by Denver-based Breakout Investment Partners. Major contributors included two big healthcare names, Medidata and Labcorp, both of which are strategic partners as Circuit Clinical seeks to expand with both pharmaceutical companies and physician groups.

Local investors include a group led by Chuck Lannon, Launch NY, the Western New York Impact Investment Fund and the Rochester Angel Network (a previous version of this story incorrectly stated that the Buffalo Angels participated – they did not). Two venture capital firms, First Trust Capital Partners and Primark Capital, contributed as well.

Read more at Buffalo Inno (link at top of page).