How Much Did BenchSci Raise?
Funding & Key Investors

BenchSci, a provider of software for scientific research, has secured significant capital, with its total funding reaching $163M and its most recent financing round amounting to $70M. This major enterprise-level funding, characterized as a major strategic investment, underscores the company's trajectory in the scientific research software sector.

What is BenchSci?

BenchSci
SoftwareEngineering Software

Founded in 2015 and headquartered in Toronto, Ontario, BenchSci offers specialized software solutions aimed at enhancing antibody selection within scientific research. The company's platform is designed to streamline the complex process of identifying and utilizing antibodies, a critical component in various biological and medical research endeavors. By providing advanced tools, BenchSci empowers researchers to accelerate their discovery processes and improve experimental outcomes.

How much funding has BenchSci raised?

BenchSci has raised a total of $163M across 4 funding rounds:

2018

Series A

$8M

2020

Series B

$22M

2022

Series C

$63M

2023

Series D

$70M

Series A (2018): $8M, investors not publicly disclosed

Series B (2020): $22M led by Fidelity Investments

Series C (2022): $63M supported by Technology Crossover Ventures and Inovia

Series D (2023): $70M featuring Technology Crossover Ventures, Inovia, and Generation Investment Management

Key Investors in BenchSci

Technology Crossover Ventures

Technology Crossover Ventures (TVC) is a venture capital firm founded in 1995, specializing in growth-stage technology investments, including acquisitions and recapitalizations.

Inovia

iNovia Capital is a full-stack venture firm established in 2007, focused on partnering with founders to build global technology companies and investing in people first.

Generation Investment Management

Generation Investment Management focuses on mobilizing businesses and investors to address climate change and inequality, aiming to create a sustainable economic system through capital markets.

What's next for BenchSci?

The substantial enterprise-level funding and recent strategic investment indicate BenchSci is poised for significant scaling and further product development. This capital infusion is likely to fuel expansion into new markets, enhance its technological capabilities, and potentially broaden its service offerings to encompass a wider range of scientific research needs. The company's focus on optimizing antibody selection suggests a strategic push towards becoming an indispensable tool for life science researchers globally.

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Frequently Asked Questions Regarding BenchSci Financial Insights

What are the most recent funding rounds that BenchSci has completed, and what were the funding rounds?
BenchSci has recently completed 3 funding rounds: Series D on May 25, 2023, Series C on Jan 24, 2022, Series B on Feb 4, 2020.
What is the total amount of funding BenchSci has raised to date?
BenchSci has raised a total of $163M in funding to date.
How many funding rounds has BenchSci completed?
BenchSci has completed 3 funding rounds.
How much funding did BenchSci raise in its most recent funding round?
BenchSci raised $70M in its most recent funding round.
Who are the lead investors in BenchSci's latest funding round?
The lead investor in BenchSci's latest funding round was Technology Crossover Ventures. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in BenchSci's history?
The largest funding round in BenchSci's history was $70M.
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