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Labviva nets $20M Series A to ease life science procurement process
27 Mar 2023
Ordering and procuring supplies and materials for researchers and producers in the life sciences industry is an important step, but it can be a complex process to navigate. It can be filled with inefficiency, but one startup is looking to improve the process.
Labviva, a Massachusetts-based startup, is a digital marketplace that aims to provide a user-friendly platform for organizations in the life sciences field. The site combines AI with procurement systems such as SAP Ariba and Microsoft Dynamics 365 to allow buyers, mainly large research organizations or institutions, to connect with major suppliers such as Thermo Fisher Scientific or Sartorius. The Series A announced Monday is worth $20 million.
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Source: EndPoints
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