Eli Research bags multi-million dollar investment

BIA Digital Partners, a US private investment firm focusing on mid- to later-stage companies, has invested $10 million in US healthcare publisher Eli Research, US.

According to Eli, the cash will provide the company with capital to help finance its strategic initiatives, including product growth and financing acquisitions.

'Eli Research has diversified from its roots as a print, newsletter publisher and now offers an array of products,' added Greg Lindberg, president and founder of Eli Research. 'BIA Digital Partner's capital provides the funding necessary to finance our growth initiatives and strategic goals.'

At the same time, BIA's Scott Chappell has been appointed as an observer to Eli's board of directors. 'Scott Chappell will be a welcomed addition to our Board of Directors,' said Lindberg.