What is Benchling?
Benchling, originating from an academic lab over a decade ago, is a leading cloud-based software platform designed to accelerate scientific innovation in biotechnology. The company provides a comprehensive suite of tools for research and development, enabling scientists to manage complex data, collaborate effectively, and streamline workflows. Benchling serves a global clientele, ranging from emerging startups to established industry leaders, empowering them to advance the development of new medicines, crops, foods, and materials. Its mission is to unlock the full potential of biotechnology, driving the possibilities of tomorrow's scientific breakthroughs.
How much funding has Benchling raised?
Benchling has raised a total of $418.9M across 9 funding rounds:
Angel/Seed
$900K
Unspecified
$5M
Private Equity
$7M
Series A
$7M
Series B
$14.5M
Series C
$34.5M
Series D
$50M
Series E
$200M
Series F
$100M
Angel/Seed (2014): $900K with participation from Y Combinator and Rock Health companies
Unspecified (2015): $5M led by Thrive Capital and Andreessen Horowitz
Private Equity (2016): $7M supported by Thrive Capital and Andreessen Horowitz
Series A (2016): $7M featuring Matt Huang, Geoff Ralston, Ashton Kutcher Network, Thrive Capital, and Andreessen Horowitz
Series B (2018): $14.5M backed by F-Prime Capital Partners, Benchmark Capital, and Thrive Capital
Series C (2019): $34.5M with participation from Thrive Capital, Menlo Ventures, Y Combinator Continuity, Lead Edge Capital Management, and Benchmark
Series D (2020): $50M led by Spark Capital, Thrive Capital, ICONIQ Partners, Lux Capital, Benchmark, and Alkeon Capital Management LLC
Series E (2021): $200M supported by Byerly Capital, Spark Capital, Thrive Capital, Alkeon Capital Management, Menlo Ventures, Altimeter Capital, Lux Capital, Benchmark Holdings, Sequoia Capital Global Equities, Elad Gil, ICONIQ Capital, and Lead Edge Capital Management
Series F (2021): $100M, investors not publicly disclosed
Key Investors in Benchling
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York. Thrive Capital primarily deals in internet and software investments.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for its investments in technology companies, often focusing on early-stage and growth-stage startups.
Spark Capital
Spark Capital is an investment banking company that provides a full range of financial services, including investment and advisory.
What's next for Benchling?
With its recent major strategic investment, Benchling is poised for accelerated expansion and innovation. The substantial capital infusion is expected to fuel further development of its integrated R&D platform, enhance its global market reach, and deepen its commitment to supporting the rapidly evolving biotech industry. This funding will likely enable Benchling to introduce new features, scale its operations, and solidify its position as a critical technology partner for life science organizations worldwide, driving the next wave of scientific discovery and commercialization.
See full Benchling company page
