SmartLabs, a Boston WA-based Laboratory-as-a-Service (LaaS) company, raised $250M in Series B funding.
The round was led by ArrowMark Partners with participation from Winslow Capital Management and Onex Falcon, Conversion Venture Capital (CVC2) and Breed’s Hill Capital.
The company intends to use the funds to accelerate growth, with a plan to scale operations to 2 million square feet within five years.
Led by Amrit Chaudhuri, CEO, SmartLabs designs, builds, and operates integrated, enterprise-grade research environments, including multifunctional research and development labs, vivariums, process development, pilot-scale manufacturing, and cGMP suites for companies of all sizes. The company currently offers flexible lab and office spaces that are customizable to accommodate research groups from fewer than 10 to more than 200 persons in four locations in Massachusetts – Kendall Square, East Cambridge, Boston Landing, and the Seaport District, as well as one location in California – South San Francisco.