# Forever Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forever-labs

- Industry: Biotechnology
- Headquarters: Ann Arbor, US
- Website: www.foreverlabs.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Sep 27, 2017)
- Investors on record: 6

## About

Forever Labs, Inc. specializes in cryopreservation and storage of adult stem cells, providing individuals with access to their own young stem cells for potential future medical therapies.Forever Labs, Inc. was founded in 2015 in Ann Arbor, US, focusing on the banking of adult stem cells for future medical use. The company has participated in 3 deals with their most recent funding round occurring on May 10, 2018. The founders Mark Katakowski and Steven Clausnitzer have experience in the field, with Steven Clausnitzer currently serving as CEO. In May 2018, Forever Labs raised USD 2.00 mn in venture funding, with contributions from BABEL Ventures, Future Ventures, and Silicon Badia, culminating in a total amount raised of USD 2.00 mn.Forever Labs offers specialized services for the collection and cryopreservation of adult stem cells. These services include annual and lifetime storage plans, allowing clients to secure their stem cells for potential future therapies targeting age-related conditions. The company operates from an ISO 20387 accredited lab, ensuring the viability of preserved stem cells. Their clientele ranges from young adults to seniors in North America, particularly in urban areas where there is an increasing interest in health innovations.Forever Labs generates revenue through subscription-based storage plans for stem cells, offering both annual and lifetime options. Clients incur an annual recurring fee of USD 250, in addition to a one-time fee for the collection procedure performed by a licensed physician. This direct-to-consumer model facilitates the acquisition of stem cell banking services without intermediaries, providing clients with peace of mind regarding their biological resource security.Following the recent funding round in May 2018, Forever Labs plans to expand its product offerings and geographic presence. The company aims to introduce new services related to stem cell therapies and target expansion into additional North American urban markets by the end of 2023. The funds raised will be utilized to support these new product designs and market entry strategies.

## Funding rounds

- Seed, Sep 27, 2017, $0.9M — FundersClub, Silicon Badia, InnoSpring, Vy Capital, Future Ventures
- Seed, Jul 2, 2017, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Seed
- InnoSpring (https://capitalatlas.ai/funds/innospring) — Seed
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Seed
- Future Ventures — Seed