Science Exchange Raises $20M Funding
Summary
Science Exchange raised an additional $20 million through a mix of equity and debt financing. Maverick Ventures and Norwest Venture Partners led the round, with participation from several existing investors and Silicon Valley Bank. The company plans to use the capital to further develop its software platform and expand in biotech and pharma. Science Exchange already serves more than 100 enterprise customers and supports outsourced R&D workflows for large life sciences organizations.
Funding
Amount
$20.0M
Total raised
Date
October 16, 2019
Announcement date
Investors
Maverick Ventures, Collaborative Fund, SVB Capital, Union Square Ventures, Norwest Venture Partners
Lead investors
Company
scienceexchange.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Procurement Software
Workflow Automation
Linked Companies
Science Exchange
$10M to $25M