SmartLabs Declares $48 Million Sequence C Funding to Advance its Laboratory Infrastructure and Resourcing Options

Boston– SmartLabs, a supplier of versatile laboratory infrastructure and resourcing options, introduced the increase of a $48 million Sequence C financing.

The funding spherical included participation from ArrowMark Companions, Winslow Capital Administration, and Conversion Enterprise Capital (CVC2). The Sequence C financing marks the start of the subsequent chapter within the development and optimization of SmartLabs’ laboratory answer portfolio, and follows a lot of necessary strategic milestones for the corporate – together with the appointment of trade veteran Brian Taylor as interim CEO earlier this month, and the launch of its new San Francisco-based CleanSuites providing and most superior analysis middle up to now in August, 2023 – positioning the corporate for sustained development transferring ahead.

“This new spherical of financing underscores the arrogance of our present buyers in SmartLabs’ distinctive lab infrastructure and resourcing options, validating the potential of our progressive mannequin for the trade,” mentioned Taylor. “The financing will assist us develop the boundaries of SmartLabs’ built-in operational mannequin, and improve our skill to ship progressive, value and capitally environment friendly options to speed up scientific improvement and innovation throughout the biopharma trade. I’m excited concerning the alternatives forward as we redefine the panorama of laboratory options and unlock unparalleled worth for our prospects.”

Immediately’s biopharma panorama has ushered in an increase in numerous, novel therapies with the potential to deal with a mess of advanced and devastating ailments. However realizing this promise requires the power to scale and adapt in ways in which match the unprecedented tempo and variety of recent science. Progressive and versatile lab and manufacturing options are a essential success think about drug improvement and supply. With a continued tightened funding market and rising competitors, these options additionally want to scale back threat and be capitally environment friendly to supply corporations wanted runway to fulfill necessary milestones.

SmartLabs delivers absolutely resourced lab environments at enterprise-scale that supply multifunctional analysis and improvement areas, vivariums, course of improvement and pilot-scale suites, and cGMP capability beneath one roof on each the East and West Coasts. This distinctive skill permits corporations of all levels and sizes to launch, scale, and shift as packages and initiatives evolve. By co-locating R&D infrastructure and assets with manufacturing options, SmartLabs facilitates unprecedented collaboration and entry between all gamers within the R&D and manufacturing house. Shoppers are in a position to speed up timelines whereas controlling their very own science, saving 6-24 months in scale-up time and as much as 95% in upfront capital expenditures, in comparison with conventional choices.

“SmartLabs is pioneering nimble and capitally environment friendly laboratory and manufacturing resourcing options with the facility to fulfill the ever-changing wants of scientific improvement,” mentioned Clayton Freeman, Portfolio Supervisor at ArrowMark Companions. “We’re thrilled to help them on this mission and sit up for their subsequent part of development. We’re absolutely dedicated and wholeheartedly consider in SmartLabs’ revolutionary options for the life sciences trade. The collective help from different buyers is a testomony to our shared enthusiasm, offering SmartLabs the instruments they should evolve on this dynamic market.”

SmartLabs’ built-in analysis facilities provide dozens of packages accelerating the event of therapies throughout a large spectrum of modalities, together with cell therapies, gene therapies, and customized medication. Its versatile choices guarantee corporations are higher supported and resourced as they sort out immediately’s hardest scientific challenges.

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