What is SciAps?
SciAps, Inc., headquartered in Woburn, Massachusetts, is a prominent instrumentation company dedicated to developing and manufacturing durable, field-tested portable analytical instruments. Their mission is to empower users to identify any compound, mineral, or element anywhere on the planet. The company distinguishes itself through exceptional customer service, ensuring direct access to knowledgeable personnel for support on new instruments, rentals, applications, and service matters. SciAps was founded in 2012 and has built a global network of expert salespeople, application specialists, and distributors focused on analytical instrumentation.
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
Angel/Seed (2013): $1.3M with participation from Coastal Ventures and Rand Capital
Debt (2013): $1M led by Enhanced Capital Wyoming Fund
Series A (2013): $2.6M supported by Coastal Ventures, Gefinor Ventures, and Rand Capital
Private Equity (2015): $3.1M, investors not publicly disclosed
Series B (2015): $4.3M backed by Jolimont Global Mining Systems, Corn Bay Associates, Gefinor Ventures, Enhanced Capital, and Rand Capital
Debt (2016): $1M, investors not publicly disclosed
Debt (2016): $1.6M, investors not publicly disclosed
Private Equity (2017): $1.9M supported by Jolimont Global Mining Systems, Rand Capital Corporation, and Gefinor Capital
Debt (2020): $1M featuring PPP
Debt (2021): $1.4M backed by PPP
Key Investors in SciAps
Coastal Ventures
Coastal Ventures is an investment firm focused on elevating businesses through innovative strategies and creative solutions, catering to entrepreneurs and investors seeking growth and collaboration.
Rand Capital
Rand Capital is a business development company (BDC) that invests in privately-held, lower middle market companies, aiming to maximize total return through current income and capital appreciation.
Gefinor Ventures
Gefinor Ventures is associated with General Electric Company, a global infrastructure and technology firm specializing in power generation, renewable energy, aviation, and healthcare.
What's next for SciAps?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and development for SciAps. This capital infusion is likely to be directed towards enhancing their product portfolio, expanding their global reach, and further solidifying their position in the portable analytical instruments sector. The company's focus on providing robust, on-site analytical solutions positions it well to capitalize on increasing demand for real-time data across various industries, from environmental monitoring to materials science.
See full SciAps company page
