What is SciAps?
Founded in 2012 and based in Woburn, Massachusetts, SciAps specializes in the development and manufacturing of portable analytical instruments. The company's core objective is to equip professionals with reliable, on-site analytical tools, enabling them to perform identification tasks anywhere on the planet. SciAps distinguishes itself through a strong commitment to customer service, ensuring direct access to knowledgeable personnel for support, rentals, applications, and service matters. Their global network of sales and application specialists further solidifies their position in the analytical instrumentation market.
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 Gefinor Ventures, Coastal Ventures, and Rand Capital
Private Equity (2015): $3.1M, investors not publicly disclosed
Series B (2015): $4.3M backed by Jolimont Global Mining Systems, Rand Capital, Gefinor Ventures, Enhanced Capital, and Corn Bay Associates
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
Jolimont Global Mining Systems
Jolimont Global Mining Systems is likely an investment firm with a focus on the mining sector, providing capital and strategic support to companies operating within the global mining industry.
Rand Capital Corporation
Rand Capital is a business development company (BDC) that invests in privately-held, lower middle market companies. They focus on businesses with sustainable products and experienced management, providing both debt and equity financing to support growth.
Gefinor Capital
Gefinor Capital is an investment firm specializing in private equity and venture capital, offering portfolio structuring and tailored investment solutions to clients seeking strategic opportunities in various markets.
What's next for SciAps?
With the recent major strategic investment, SciAps is poised for accelerated growth and expansion. The company's focus on providing essential analytical tools for diverse industries, coupled with its robust customer support model, positions it for continued success. Future endeavors will likely involve enhancing product lines, expanding market reach, and further solidifying its technological leadership in portable analytical instrumentation. This latest round of financing is expected to fuel innovation and operational scaling, enabling SciAps to meet the increasing global demand for its specialized equipment.
See full SciAps company page
