What is SciAps?
Founded in 2012, SciAps specializes in the development and manufacturing of durable, portable analytical instruments designed for the identification of compounds, minerals, and elements in diverse environments. By prioritizing high-touch customer service and maintaining a global network of application specialists, the company has carved out a significant niche in the instrumentation market. Their technology serves critical needs across various industrial applications, ensuring that users have access to precise, real-time data regardless of their location on the planet.
How much funding has SciAps raised?
SciAps has raised a total of $19.3M across 10 funding rounds:
Multiple Rounds
$4.9M
Private Equity
$3.1M
Series B
$4.3M
Debt
$1M
Debt
$1.6M
Private Equity
$1.9M
Debt
$1M
Debt
$1.4M
Debt (2013): $1M with participation from Enhanced Capital Wyoming Fund
Angel/Seed (2013): $1.3M led by Rand Capital and Coastal Ventures
Series A (2013): $2.6M supported by Gefinor Ventures, Rand Capital, and Coastal Ventures
Private Equity (2015): $3.1M, investors not publicly disclosed
Series B (2015): $4.3M backed by Gefinor Ventures, Enhanced Capital, Rand Capital, Corn Bay Associates, and Jolimont Global Mining Systems
Debt (2016): $1M, investors not publicly disclosed
Debt (2016): $1.6M, investors not publicly disclosed
Private Equity (2017): $1.9M supported by Gefinor Capital, Jolimont Global Mining Systems, and Rand Capital Corporation
Debt (2020): $1M featuring PPP
Debt (2021): $1.4M backed by PPP
Key Investors in SciAps
Rand Capital
Rand Capital is an externally-managed business development company that focuses on debt and equity investments in lower middle-market companies with proven, sustainable products.
Gefinor Ventures
Gefinor Ventures provides strategic capital and operational expertise, often aligning with global infrastructure and technology leaders to foster long-term industrial growth.
Coastal Ventures
Coastal Ventures focuses on elevating businesses through innovative strategies and creative advisory, fostering meaningful collaborations for entrepreneurs and growth-stage companies.
What's next for SciAps?
Looking ahead, SciAps is well-positioned to leverage its recent capital infusion to accelerate product innovation and deepen its market penetration. As the company transitions from its earlier scaling phases into a more mature enterprise-level operation, the focus will likely shift toward enhancing its digital service offerings and expanding its reach into emerging industrial sectors. By maintaining its core philosophy of providing accessible, expert-led solutions, SciAps is poised to sustain its trajectory as a pivotal player in the analytical instrumentation landscape.
See full SciAps company page
