Covenant Venture Capital makes follow-on investment in Hill Research

  • Covenant Venture Capital made a follow-on investment in portfolio company Hill Research, an AI platform provider for clinical trial biostatistics workflows.
  • Hill Research revenue rose about 4x in 2025; enterprise value doubled over the same period.
  • The TriClick platform targets faster regulatory submissions; management cited 2026 revenue growth of 5x to 8x on rising adoption.
  • The NJEDA Evergreen Innovation Fund participated as a limited partner in Covenant.


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