Bootstrap Venture Fund has led a $3 million Series B funding round in Assay Depot, a marketplace for scientific services. The funds will be used to drive growth in Assay’s research sourcing platform.
Assay Depot Inc., the world’s leading marketplace for scientific services, today announced that it raised $3 million in Series B financing. Bootstrap Venture Fund, a venture capital fund that specializes in IT businesses in the life sciences space, led the round. The funds will be used to drive continued growth of Assay Depot’s innovative research sourcing platform, which is already used by scientists in over 100 countries.
“Assay Depot is fundamentally changing how scientific research is sourced and managed,” said Kyle Williams, General Partner of Bootstrap Venture Fund. “By simplifying access to experts and services, the company is dramatically lowering barriers to scientific innovation and ushering in a new, cost-effective approach to research.”
Often referred to as “Amazon.com for scientists,” Assay Depot is the only online marketplace that allows anyone to source research services quickly, efficiently and at no cost. Assay Depot also hosts a network of private research marketplaces that connects scientists inside large pharmaceutical companies with experts at 9,000 global research suppliers (aka CROs). Each private research marketplace serves as an end-to-end vendor relationship management (VRM) system that can be used to capture scientist feedback in the form of ratings and reviews.
“Assay Depot is using the power of the Internet to create a new model for scientific research,” said Kevin Lustig Ph.D., Assay Depot’s CEO. “By making it possible for anyone to order any service on demand, we enable entire research projects to be carried out without direct access to a laboratory. Scientists can now create and run multiple complex experiments in parallel.”
About Assay Depot
Assay Depot is the world’s largest marketplace for scientific services. The company operates a network of public and private online marketplaces that makes it easy for scientists to find experts and purchase services in more than 500 research areas. Assay Depot is changing the way scientific research is done. For more information visit our free Public Marketplace, read the Assay Depot Blog or follow us on Twitter @assaydepot.