Science Exchange
Latest round
- Series C
Last raised
- May 2019
Total raised
- $69M
Investors
- 15
About Science Exchange
Science Exchange, Inc.Science Exchange, Inc. operates a supplier orchestration platform that facilitates supplier management and procurement for life sciences research teams. Founded in 2011 in San Francisco, US, the company was co-founded by Dan Knox and Elizabeth Iorns, with Elizabeth Iorns serving as the CEO.Science Exchange offers a comprehensive supplier orchestration platform designed to streamline purchasing, supplier management, and payment processing for research and development teams in the life sciences sector. This platform enables clients to work with a network of over 3,800 pre-approved suppliers, facilitating a simplified procurement process through a single-contract model that replaces traditional individual contracts such as CDAs, MSAs, and MTAs. Key functionalities include customizable workflows that automate and optimize collaboration among stakeholders, allowing for faster and more efficient supplier engagement. The end use cases focus on accelerating R&D timelines, ensuring compliance with internal and external regulations, and providing robust analytics for tracking spend across categories.Science Exchange generates revenue through a B2B transaction model, wherein clients subscribe to its platform to access its suite of services. The pricing structure is designed around a partnership model, where clients pay for the services and products utilized within the platform, which includes streamlined purchasing and automated payment processes. Clients benefit from elevated sourcing strategies, allowing for efficient supplier management and compliance, which ultimately contributes to reduced operational costs. Flagship offerings include the automated payment processing system that centralizes supplier invoices and payments.In September 2024, Waud Capital Partners acquired Science Exchange, Inc.
Who invested in Science Exchange
15 investors across 6 rounds
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Questions about Science Exchange
Who invested in Science Exchange?
Science Exchange has 15 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Science Exchange raised?
Science Exchange has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Science Exchange last raise money?
Science Exchange's most recent round on record is a Series C, in May 2019.
What does Science Exchange do?
Science Exchange is a healthcare it company.
Where is Science Exchange headquartered?
Science Exchange is headquartered in San Francisco, US.
Which VCs invest in companies like Science Exchange?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Science Exchange's stage. Their profiles are linked below.
VCs backing healthcare it startups at Series C
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