Lowenstein Sandler represented PraxisPro, a data intelligence and sales coaching platform for the life sciences industry, in its $6 million seed round led by AlleyCorp. The round included participation from Flybridge, South Loop Ventures, and Zeal Capital Partners.
PraxisPro is a standalone platform that may be integrated into enterprise software. The company develops small language models purpose-built for the life sciences to help organizations navigate the nuances and relevant context when interacting with healthcare providers.
PraxisPro intends to invest the capital raised in the seed round in further research and development. The company strives to better educate sales reps to communicate patient needs with healthcare providers, as well as helping to train sales reps and commercial teams navigate the complex nuances and the regulatory landscape of interacting with healthcare providers.
The Lowenstein team included DeVon M. Barnett, Abraham J. Kwon, Stephanie Stephenson, and Chynara Tolubaeva.
