# Cromatic

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

- Industry: Healthcare IT
- Headquarters: Redwood City, US
- Website: www.cromatic.bio/
- Total disclosed funding: $5.3M
- Latest round: Seed (Nov 9, 2023)
- Investors on record: 7

## About

Founded in 2022 and based in California, US, Cromatic Inc. operates as a health technology platform that provides a connection with organizations for various scientific services and a process for finding, managing, and matching outsourcing partners in the field of non-clinical, preclinical, and clinical research. The company was co-founded by Ann Lin and others. In November 2023, Cromatic Inc. raised USD 5.3 million in seed funding co-led by AgFunder and LifeX Ventures, including FJ Labs, Lux Capital, Not Boring Capital, What If Ventures, and Worklife Ventures.

The company provides a platform that is designed to streamline the outsourcing process and allows companies to connect with vetted contract research organizations (CROs) for a diverse range of non-clinical, preclinical, and clinical services. The firm offers a centralized hub for companies to oversee and track project progression in real-time. The platform boasts a turnaround time, with requests matched to suitable CROs in less than 24 hours, expediting the initiation of collaborative projects.

In addition, Cromatic's interface simplifies the communication of project specifications through request forms, automating the contracting process and enabling project management. Its interface allows for task assignment, deadline setting, and milestone tracking, ensuring projects stay on schedule and stakeholders remain informed about status changes. The company partners with Nucleate, SOSV, and Lab DAO.

The startup generates revenue through its pricing options, which include the ordinary plan, which costs USD 495 per year, and the enterprise plan, which has customized pricing.

The organization plans to use the November 2023 funding to accelerate its product development, establish strategic partnerships, and expand its team.

## Funding rounds

- Seed, Nov 9, 2023, $5.3M — Lux Capital, FJ Labs, AgFunder, LifeX Ventures, Worklife Ventures Management, What If Ventures, Not Boring Capital

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed
- LifeX Ventures (https://capitalatlas.ai/funds/lifex-ventures) — Seed
- Worklife Ventures Management (https://capitalatlas.ai/funds/worklife-ventures-management) — Seed
- What If Ventures (https://capitalatlas.ai/funds/what-if-ventures) — Seed
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Seed