# Experiment

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.experiment.com
- Latest round: Angel (Feb 5, 2013)
- Investors on record: 3

## About

Experiment Inc. is a leading platform that facilitates crowdfunding for scientific research. It connects researchers with backers, enabling funding for diverse scientific projects through an innovative and accessible online platform.Founded in 2012 and based in New York, US, Experiment Inc. operates as a crowdfunding platform dedicated to scientific research. The company has undergone strategic pivots to enhance its core service of connecting researchers with funding sources. Experiment has successfully completed 3 funding deals, with its most recent deal on December 17, 2014. In this round, led by Jude Gomila, the company raised USD 1.20 mn, attracting notable investors such as Andreessen Horowitz and Index Ventures. The total amount raised by Experiment to date stands at USD 1.20 mn.Experiment operates as the world's largest open platform dedicated to funding scientific research, primarily through crowdfunding mechanisms. The platform enables researchers, including students and professionals, to share their scientific endeavors with potential backers, allowing them to raise funds for diverse projects ranging from environmental studies to biological research. Experiment's core service facilitates the launch and support of independent research initiatives, encouraging innovation and rapid advancement in scientific discovery. The platform serves a broad clientele, including universities, research institutions, and individual scientists, primarily in the United States and several international markets.Experiment generates revenue primarily through transaction fees associated with the crowdfunding model. When researchers successfully fund their projects, a percentage of the total funds raised is retained by Experiment as a service fee. This structure allows for a direct B2C interaction where researchers and their supporters engage in funding transactions specific to individual projects. Additionally, the platform may offer various pricing plans for project creators, which could include tiered fees based on the amount raised or specific features accessed during the funding process. By facilitating these transactions, Experiment not only supports researchers but also fosters a community of backers invested in the advancement of scientific knowledge.Looking ahead, Experiment plans to expand its offerings with new features aimed at enhancing the user experience for both researchers and backers, although specific product launches have not been detailed. The company is also targeting expansion into additional international markets to widen its reach, ensuring that researchers globally can access crowdfunding opportunities. The recent funding of USD 1.20 mn is expected to be utilized for these strategic initiatives, supporting the development of the platform and enhancing its service offerings.

## Funding rounds

- Angel, Feb 5, 2013 — 500 Global, Y Combinator, Wefunder, Inc.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Angel
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Angel
- Wefunder, Inc. — Angel