# BrightSpec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightspec

- Industry: Biotechnology
- Headquarters: Charlottesville, US
- Website: www.brightspec.com
- Total disclosed funding: $9.5M
- Latest round: Series C (Dec 6, 2022)
- Investors on record: 6

## About

Based in Virginia, US, and founded in 2012 by co-founders Dave McDaniel, Justin Neill, Matt Muckle, and Brooks Pate,  BrightSpec, Inc. operates as a life science tools company that offers a complete line of spectrometers for broadband identification of unknowns to targeted validation or impurity analysis. In December 2022, BrightSpec, Inc. raised USD 18.4 million in series C funding co-led by Arboretum Ventures and Genoa Ventures, with participation from Felton Group LLC.  As of December 2022, the company is led by its CEO Walter H. Colsman.

BrightSpec, Inc. product offering includes targeted instruments for screening and quantitation of known components in a mixture; broadband Instruments for comprehensive sample profiling and characterization of molecular structures including unknowns; research and education instruments specific to particular fundamental research needs as well as for the classroom; custom Instruments in several designs; GC-MRR serve as an extraordinarily-selective detector for Gas Chromatography. In addition, the company offers comprehensive lab services utilizing the capabilities of MRR.

The company plans to use the series C funding to support its product development and business expansion.

## Funding rounds

- Series C, Dec 6, 2022, $7.5M — Arboretum Ventures, Medvest Capital, Genoa Ventures, Felton Group LLC, UVA Seed Fund
- Series B, Mar 26, 2019, $2M — University of Virginia Investment Management Company, Medvest Capital, UVA Seed Fund

## Investors

- University of Virginia Investment Management Company — Series B
- Medvest Capital (https://capitalatlas.ai/funds/medvest-capital) — Series B, Series C
- UVA Seed Fund — Series B, Series C
- Arboretum Ventures (https://capitalatlas.ai/funds/arboretum-ventures) — Series C
- Genoa Ventures (https://capitalatlas.ai/funds/genoa-ventures) — Series C
- Felton Group LLC — Series C