# Riffyn

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

- Industry: Software
- Headquarters: Oakland, US
- Website: www.riffyn.com
- Total disclosed funding: $23M
- Latest round: Series B (May 2, 2019)
- Investors on record: 6

## About

Riffyn Inc. delivers advanced software solutions to optimize research and development processes in the life sciences sector, enhancing scientific experimentation and accelerating innovation.Founded in 2014, Riffyn Inc. is headquartered in Oakland, US. The company provides software solutions designed for the life sciences industry, focusing on improving research workflows. Tim Gardner, the CEO and founder, has a history in the tech sector and has been instrumental in steering the company's strategic direction. In May 2019, Riffyn raised USD 15 mn in Series B funding, led by M Ventures, with participation from Waters Corporation, Plug and Play Ventures, and Indie Enterprises. This round brought the total capital raised by the company to USD 15 mn, with a current valuation of USD 46.48 mn.Riffyn specializes in advanced software solutions that enhance research and development processes within the life sciences sector. Their core offering, the Riffyn Nexus platform, integrates workflows and data, facilitating the design, execution, and analysis of experiments. This platform addresses challenges such as data silos and inefficiencies, catering to biopharmaceutical companies, academic institutions, and contract research organizations in North America and Europe.Riffyn generates revenue primarily through subscription-based models for its software services, enabling clients to access the Riffyn Nexus platform continuously. Revenue is obtained through annual or multi-year licensing agreements, which may include customer support and training services. Pricing plans are tailored based on client organization size and usage scale, and the firm also establishes strategic partnerships to expand its client base and enhance revenue opportunities.Riffyn plans to utilize the USD 15 mn raised in its Series B funding to support the launch of upcoming products and expand into new markets. The company is focused on enhancing its platform capabilities and aims to release new features by the end of 2020. Additionally, Riffyn seeks to penetrate markets in Asia and South America by 2022, responding to the growing demand for digital transformation in scientific research.

## Funding rounds

- Series B, May 2, 2019, $15M — Indie Enterprises, Waters Corporation, Plug and Play, M Ventures
- Series A, Aug 1, 2017, $4.9M — N47, Indie Enterprises, Planetary Technologies
- Seed, Feb 11, 2016, $1.6M — Indie Enterprises
- Seed, Sep 12, 2014, $1.2M — Indie Enterprises, Planetary Technologies

## Investors

- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Seed, Series A, Series B
- Planetary Technologies (https://capitalatlas.ai/funds/planetary-technologies) — Seed, Series A
- N47 (https://capitalatlas.ai/funds/n47) — Series A
- Waters Corporation — Series B
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series B
- M Ventures (https://capitalatlas.ai/funds/m-ventures) — Series B