Science Exchange Inks $25M

What does Science Exchange do?

Science Exchange, is a leading marketplace for scientific research. It is a marketplace for scientific collaboration where researchers can order experiments from the best labs in the world. The company’s aim is improving the quality and efficiency of scientific research by using market based incentives for promoting between scientists.  Since it was found in 2011, the company has become the leading marketplace for scientific research services. It provides secure access to a network of thousands of screened and verified contract research organizations, government facilities and academic labs that are available for conducting experiments on behalf of scientists. This company’s platform has been used by scientists from over 2,500 different organizations and companies.

How much Science Exchange was funded?

The company raised $25M in Series B on March 23, 2016 from Paul Buchheit, Sam Altman, Steve Case, Y Combinator, Jose Suarez, Oreilly AlphaTech Ventures, Index Ventures, Maverick Capital, Collaborative Fund and Union Square Ventures.

Previous funding

• Undisclosed amount on June, 2011 from Y Combinator
• $1.5M on December 2, 2011 from XG Ventures, Start Fund, Morado Venture Partners, Sam Altman,SV Angel and Andreessen Horowitz
• $4M in Series A on May 10, 2013 from XG Ventures, Yuri Milner, Webb Investment Network, Rob Hutter, Union Square Ventures,  Joshua Schachter, Peter Lehrman and Techammer

What is next for Science Exchange?

The company has recorded a significant growth in the last 12 months. As a part of the latest funding, David Singer, Maverick Capital Ventures Managing Partner will join the company’s board of directors. The company will use the new infusion of capital for expansion of its team in all areas including sales, engineering, product, marketing and consumer success.

More about Science Exchange

Science Exchange was founded on May 1, 2011 by Dan Knox, Elizabeth Iorns and Ryan Abbott. It has its headquarters in Palo Alto, CA.