Zageno, a Cambridge, MA-based enterprise marketplace for lab supplies, raised $20m in Series B funding.
The round was led by General Catalyst, with participation from Grazia Equity and Capnamic Ventures.
The company will use the new funding to grow its team in the United States, as well as in Germany and the United Kingdom.
Led by Florian Wegener, co-founder and CEO, Zageno operates a enterprise marketplace that curates more than 8 million research materials and products from premium manufacturing brands serving the $130 billion lab supply market.
The company compiles product specifications, making it easy to compare and contrast items by category, brand and price. The platform also brings transparency to biotech purchasing with its proprietary Scientific Score, a product rating system offering users unbiased, peer-reviewed ratings to support accurate purchasing decisions.
For suppliers, the system enables streamlined access to scientists and researchers across academia, pharmaceuticals and biotech.
It is available on desktop, tablet, and mobile devices.
Founded in 2015, the company has additional offices in Berlin, Germany.
FinSMEs
23/04/2019