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January 19, 2024
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SmartLabs Secures $48M in Series C: A Tech Triumph

TLDR:

– SmartLabs, a provider of flexible laboratory infrastructure and resourcing solutions, has raised $48 million in Series C funding.
– The funding round included participation from ArrowMark Partners, Winslow Capital Management, and Conversion Venture Capital (CVC2).
– SmartLabs plans to use the funds to expand operations and business reach, delivering resourced lab environments and facilitating collaboration within the R&D and manufacturing space.

SmartLabs, a Boston-based provider of flexible laboratory infrastructure and resourcing solutions, has secured $48 million in Series C funding. The funding round saw participation from ArrowMark Partners, Winslow Capital Management, and Conversion Venture Capital (CVC2). The company plans to use the funds to expand its operations and reach within the industry.

SmartLabs offers resourced lab environments at an enterprise scale, providing multifunctional research and development spaces, vivariums, process development and pilot-scale suites, and cGMP capacity under one roof on both the East and West Coasts. This unique capability enables companies of all sizes and stages to launch, scale, and adapt as programs and projects evolve.

By co-locating R&D infrastructure and resources with manufacturing solutions, SmartLabs facilitates collaboration and access between all players in the R&D and manufacturing space. This integration can lead to increased efficiency and innovation within the industry.

With the new funding, SmartLabs plans to further expand its operations and business reach. The company aims to continue providing flexible and comprehensive laboratory infrastructure solutions to support the growing demands of the R&D and manufacturing sectors.

This funding round marks another milestone for SmartLabs as it continues to establish itself as a leading provider of laboratory infrastructure and resourcing solutions in the industry. The company’s ability to offer flexible and scalable lab environments has positioned it well to meet the evolving needs of companies in the R&D and manufacturing space.

Overall, SmartLabs’ $48 million Series C funding will enable the company to accelerate its growth and expand its operations. With its unique offerings and strategic focus on collaboration and access, SmartLabs is well-positioned to continue leading the way in providing innovative laboratory infrastructure solutions to support the success of companies in the R&D and manufacturing sectors.

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