BioAscent

Motherwell, United Kingdom Founded: 2013 • Age: 13 yrs
Compound management solutions are offered for drug discovery processes.
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About BioAscent

BioAscent is a company based in Motherwell (United Kingdom) founded in 2013.. BioAscent has raised $3.7 million across 3 funding rounds from investors including Maven Capital Partners. The company has 41 employees as of January 31, 2020. BioAscent offers products and services including Integrated Drug Discovery, Medicinal Chemistry, Compound Screening, and Computational Chemistry. BioAscent operates in a competitive market with competitors including McKesson, Resilience, Entero Healthcare, Zhejiang Mingdu Zhikong Technology and ASP Isotopes, among others.

  • Headquarter Motherwell, United Kingdom
  • Employees 41 as on 31 Jan, 2020
  • Stage Minicorn
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bioascent Discovery Limited
  • Date of Incorporation 15 Feb, 2013
  • Jurisdiction EDINBURGH, UNITED KINGDOM
Operational Areas
Healthcare → Healthcare Services & Infrastructure
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $3.7 M (USD)

    in 3 rounds

  • Latest Funding Round
    $3.7 M (USD), Seed

    Jun 20, 2018

  • Investors
  • Employee Count
    41

    as on Jan 31, 2020

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Products & Services of BioAscent

BioAscent offers a comprehensive portfolio of products and services, including Integrated Drug Discovery, Medicinal Chemistry, Compound Screening, and Computational Chemistry. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Comprehensive projects for developing new drugs

Design and synthesis of chemical compounds

High-throughput testing of potential drug candidates

Data analysis to accelerate drug design processes

People of BioAscent
Headcount 50-200
Employee Profiles 42
Board Members and Advisors 4
Employee Profiles
People
Enrico Verpalen
Scientist
People
Cheryl Pattie
Senior Scientist
People
Grace Datu Tasik
Scientist III & Account Manager, Compound Management
People
Paul Smith
CEO

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Board Members and Advisors
people
Phil Jones
Chief Scientific Advisor
people
Louis J. Nisbet
Board Member
people
Glenn Crocker
Board Member
people
David Milroy
Board Member

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Funding Insights of BioAscent

BioAscent has successfully raised a total of $3.7M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.7 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 3
  • Last Round Seed — $3.7M
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2018 Amount Seed - BioAscent Valuation

investors

Mar, 2014 Amount Seed - BioAscent Valuation

investors

Nov, 2013 Amount Seed - BioAscent Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in BioAscent

BioAscent has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Maven Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
Multiple sectors are targeted for private equity investments.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by BioAscent

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - BioAscent

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bioascent Comparisons

Employees
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Competitors of BioAscent

BioAscent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as McKesson, Resilience, Entero Healthcare, Zhejiang Mingdu Zhikong Technology and ASP Isotopes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Products and services are provided in the healthcare industry.
domain founded_year HQ Location
Supply chain services for biopharma sector are provided.
domain founded_year HQ Location
India's leading healthcare products distribution platform
domain founded_year HQ Location
AI-based logistics services are provided in Hangzhou, China.
domain founded_year HQ Location
Supply chain solution services for isotope production are provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bioascent

Frequently Asked Questions about BioAscent

When was BioAscent founded?

BioAscent was founded in 2013.

Where is BioAscent located?

BioAscent is headquartered in Motherwell, United Kingdom. It is registered at Motherwell, Scotland, United Kingdom.

Is BioAscent a funded company?

BioAscent is a funded company, having raised a total of $3.7M across 3 funding rounds to date.

How many employees does BioAscent have?

As of Jan 31, 2020, the latest employee count at BioAscent is 41.

What does BioAscent do?

BioAscent was established in 2013 in Motherwell, United Kingdom, focusing on compound management within the drug discovery sector. Services provided include compound management, Compound Cloud, compound collection sharing, and disaster recovery. Operations are conducted from a former automated facility of Merck. A confidential partner-matching service is facilitated to enable sharing of compound collections with pharmaceutical, biotechnology, and academic institutions under owner-specified terms.

Who are the top competitors of BioAscent?

BioAscent's top competitors include Entero Healthcare, McKesson and Resilience.

What products or services does BioAscent offer?

BioAscent offers Integrated Drug Discovery, Medicinal Chemistry, Compound Screening, and Computational Chemistry.

Who are BioAscent's investors?

BioAscent has 1 investor. Key investors include Maven Capital Partners.

What is BioAscent's valuation?

The valuation of BioAscent is $4.22M as of Jun 2018.

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