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SmartLabs Announces $48 Million Series C Funding to Advance Its Laboratory Infrastructure and Resourcing Solutions

Jan 22, 2024over 1 year ago

Amount Raised

$48 Million

BostonBiotechnology Research

Investors

Conversion Venture Capital (Cvc2)Winslow Capital ManagementArrow Mark Partners

Description

SmartLabs announced a $48 million Series C financing round to advance its laboratory infrastructure and resourcing solutions, which will be used to develop and optimize its innovative product portfolio, addressing the modern needs of customers across the life sciences industry.

Company Information

Company

SmartLabs

Location

Boston, Massachusetts, United States

About

SmartLabs is accelerating the pace of scientific discovery by radically transforming the way the world builds and uses lab space. Where lab construction can take 9 to 12 months in the traditional process, we deliver personalized and effective lab workflow environments in about 4 weeks. This huge reduction in time means member teams are starting sooner and results are delivered faster. We continue to compound this time savings with our proactive operational support and ability to pivot and change lab space quickly as member science evolves and lab needs change. We love what we do - our members are shaping the future and we are proud to help them do it! We currently have locations in the MIT area of Cambridge, at Innovation Square in the Boston Seaport, in the hot new development at Boston Landing, and in South San Francisco. Visit our website to request a tour.

FundzWatch™ Score

84
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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