# Scientist.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/scientist-com

- Industry: Healthcare IT
- Headquarters: Solana Beach, US
- Website: www.scientist.com/
- Total disclosed funding: $27M
- Latest round: Series C (May 15, 2017)
- Investors on record: 4

## About

Assay Depot, Inc. operates a digital platform that revolutionizes the procurement of research services and products for pharmaceutical and biotech companies, enhancing efficiency in scientific workflows.Founded in 2007 and headquartered in Solana Beach, US, Assay Depot, Inc. provides innovative procurement solutions for research services. The company has successfully completed 5 deals, with its most recent funding round occurring in November 2019, amounting to USD 7.4 mn. The funding was led by Transformation Capital with participation from Gordon Asset Management. The founders include Andy Henton, Andy Martin, Chris Petersen, and Kevin Lustig, with Kevin Lustig serving as the CEO.Scientist.com offers a comprehensive digital platform tailored for the procurement of research services and products within the pharmaceutical and biotech sectors. Its core product, Procurement CoPilot™, utilizes Generative AI to streamline sourcing workflows, facilitating efficient management of over 6,000 suppliers. The platform simplifies procurement by integrating standardized request forms, instant pricing comparisons, and a centralized legal framework for supplier management, addressing critical use cases for scientists and R&D teams globally.Scientist.com operates on a B2B revenue model, partnering with pharmaceutical companies and biotech firms that utilize its platform for procurement orchestration. Revenue is generated through transaction fees associated with services rendered via Procurement CoPilot™, as clients engage in sourcing research services and products. The revenue structure includes subscription models for access to the platform and performance-based fees linked to completed purchases, reflecting the tailored nature of its offerings.Assay Depot, Inc. aims to leverage the recent funding of USD 7.4 mn raised in November 2019 to enhance its platform and expand its market reach. The company plans to introduce new product features to its Procurement CoPilot™ to improve user experience and functionality. Additionally, there are intentions to expand into new geographic regions, focusing on markets in Europe and Asia by 2023, to strengthen its position within the global pharmaceutical and biotech sectors.

## Funding rounds

- Series C, May 15, 2017, $24M — 5AM Ventures, Heritage Provider Network, Bootstrap Venture Partners, Transformation Capital
- Series B, Mar 25, 2014, $3M — Bootstrap Venture Partners

## Investors

- Bootstrap Venture Partners (https://capitalatlas.ai/funds/bootstrap-venture-partners) — Series B, Series C
- 5AM Ventures (https://capitalatlas.ai/funds/5am-ventures) — Series C
- Heritage Provider Network — Series C
- Transformation Capital (https://capitalatlas.ai/funds/transformation-capital) — Series C