Science Exchange Series A Financing

April 30, 2013 | Posted by Team in Company, Science Exchange News |

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It’s been a great start to 2013 at Science Exchange.

In the past couple months, we’ve grown the number of scientific services available via the Science Exchange platform to almost 5,000, including listing services from entire divisions of Harvard and Purdue University. And we’ve seen a dramatic increase in services ordered via our platform, already matching our volume from all of 2012.

As we look ahead to the rest of 2013, we’re excited to announce that Science Exchange has closed a Series A financing round, raising an additional $3 million in venture capital to further expand and grow our marketplace. You can read coverage of the announcement in the Wall Street Journal’s AllThingsD blog.

We’re excited to add an amazing set of new investors to the Science Exchange family:

  • Union Square Ventures (USV). USV, who led the Series A round, has an unrivalled reputation in early stage investing with exceptional experience in supporting marketplaces such as Etsy, Shapeways, Kickstarter, and Funding Circle. We’re especially delighted to add USV partner Andy Weissman to the Science Exchange board. You can read Andy’s thoughts on the investment in Science Exchange here.
  • O’Reilly Alpha Tech Ventures (OATV). OATV, which has internet legend Tim O’Reilly as a founding partner, has a real passion for science and has recently invested in PeerJ, an Open Access publisher of scholarly articles shaking up the world of scientific publishing. You can read OATV Managing Director Bryce Robert’s thoughts on the investment here.
  • An amazing cast of angel investors and advisors including Esther Dyson (super-angel and 23andMe board member), Jeff Hammerbacher (Cloudera founder), Ellen Levy (ex LinkedIn exec), Kal Vepuri (Trisiras Group founder), Peter Lehrman (Axial founder and ex-GLG exec), Rob Hutter (Learn Capital founder), Lisa Gansky (TheMesh founder) and Joshua Schachter (Delicious and TastyLabs founder).

We’re also delighted to have the continued support, in the form of investment and/or advice, of many investors from our seed round including Lerer Ventures, XG Ventures, Crosslink Capital, Yuri MilnerMaynard WebbAsh Patel, and Sam Altman.

The new financing will help us improve the Science Exchange platform. As we expand our engineering team, we’re excited about building more great features to make it even easier to find, access and pay for scientific services including enhancing the service search interface for researchers, and adding new storefronts for service providers. We also plan to expand our range of services to new scientific disciplines including bio-chemistry, clinical, and engineering services over the coming year.

As we move forward on our mission of democratizing access the global network of scientific resources and expertise, we’re looking to double our team in customer development and engineering. If you’re interested in joining the Science Exchange revolution, be sure to check out www.scienceexchange.com/jobs.

Onward,

~The Science Exchange Team

About Science Exchange

We are transforming scientific collaboration by creating a marketplace where scientists can order experiments from the world's top labs.

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