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Internet & IoT Startup Science Exchange Secures $28 Million

Scientific experiment marketplace Science Exchange Secures $28 Million
Credit: scienceexchange.com

Science Exchange announced the close of $28 million in Series C financing. Four investors contributed to the round: Norwest Venture Partners, Union Square Ventures, Maverick Capital, and Collaborative Fund.

Science Exchange is a marketplace for scientific collaboration, where researchers can order experiments from the world’s leading labs. The company’s mission is to improve the quality and efficiency of scientific research by using market-based incentives to promote collaboration between scientists.

In its announcement, the company said it plans to use the funding to continue its expansion beyond biopharma into other industries where scientists are faced with R&D outsourcing challenges, including agrosciences, cosmetics, aerospace, and industrial chemicals.