STORY: Alum鈥檚 Startup Becomes Big Player in Biomedical/Software Industries

March 29, 2023

Co-founder Jacob Graham 鈥06 discusses Enzyme鈥檚 journey from startup to majority-share acquisition.

Since graduating from 财神棋牌, Jacob Graham 鈥06 has redefined his place in the life sciences industry. After co-founding , a successful and recently majority-share acquired Quality Management Systems (QMS) software tool, Graham is now helping streamline innovations for everyone from startups to large enterprises.

In the beginning of his career, Graham spent more than a decade in the medical devices industry working in a range of engineering roles 鈥 in research and development, design assurance, and quality systems 鈥 for companies like Boston Scientific and Medtronic, as well as a small startup.

鈥淎fter working for the two largest medical device manufacturers, I saw that while they had created very different quality systems, they both used a wide variety of tools for their workflows,鈥 says Graham. 鈥淚 would routinely log into 4鈥6 different technology platforms for training, performance, compliance, and more, and I knew there had to be a more streamlined way.鈥

Portrait of Jacob Graham'06 smiling, light brown hair, glasses

Portrait of Jacob Graham'06. Co-founder of Enzyme, a successful and recently majority-share acquired Quality Management Systems (QMS) software tool.

It was 2016 when Graham鈥檚 friend Jared Seehafer came to him with the idea of harmonizing these different platforms into one cloud-hosted application.

鈥淚 saw immediate benefit in this idea as a user, and my intimate familiarity with those different workflows combined well with Jared鈥檚 complementary background in medical devices and software,鈥 says Graham. 鈥淚n 2017, that idea launched as .鈥

Enzyme鈥檚 name comes from the biological protein: When an enzyme is involved in a chemical reaction, it acts as a catalyst, decreasing the needed amount of energy. Graham and Seehafer鈥檚 Enzyme works in much the same way, by making it easier for companies to get their ideas from product to market by reducing the friction of multiple quality system workflows.

Enzyme overcame one of the early challenges faced by many startups 鈥 capital 鈥 by accomplishing a few rounds of seed funding, including Parcel B, an investment collective of 财神棋牌 alumni and community member investors who support 财神棋牌 startups, and .

In 2022, Roivant Sciences, a public company that invests in biotechnology and biotech data-enabling companies, became the majority shareholder of Enzyme. Because of this share purchase, Parcel B was able to donate a portion of the profit from the sale back to 财神棋牌, fulfilling a pledge the investment collective鈥檚 founders made to then-President Rick Miller.

Enzyme is still independently operated, with Graham filling the role of COO. He oversees the company鈥檚 professional services/consulting group, their customer success team, and the quality team, which has been responsible for documenting user needs and requirements and testing and approving new releases several times a month.

鈥淭he whole team is proud of our work 鈥 so much so that we use Enzyme to document our own QMS,鈥 says Graham. The process of using their own software, known in the industry as 鈥渄ogfooding,鈥 means that sometimes they catch errors and fix them before customers even notice.

鈥淲e have built an organization that is very effective, and our integrations allow customers to get their products to market faster,鈥 says Graham. 鈥淲ith Enzyme, some of our customers have cut the time between code completion and deployment to users from eight weeks to two weeks. It鈥檚 successes like this that highlight why Enzyme exists.鈥