About Labby
Labby is a company based in Boston (United States) founded in 2017 by Anshuman Das and Julia Somerdin.. Labby has raised $480 thousand across 3 funding rounds from investors including National Science Foundation, AgriTech Capital and MassChallenge. Labby offers products and services including Inline Fat & Protein Analyzer and Integrated Milk Testing Solutions. Labby operates in a competitive market with competitors including xFarm, CropX, Stellapps, CropIn and Arable, among others.
- Headquarter Boston, United States
- Founders Anshuman Das, Julia Somerdin
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Sectors
AgricultureTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$480 K (USD)
in 3 rounds
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Latest Funding Round
$255.91 K (USD), Grant
Sep 01, 2021
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Investors
National Science Foundation
& 2 more
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Employee Count
Employee Count
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Products & Services of Labby
Labby offers a comprehensive portfolio of products and services, including Inline Fat & Protein Analyzer and Integrated Milk Testing Solutions. 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.
Measures butterfat, protein, and blood in milk for quality control.
Provides real-time insights on milk composition and herd health.
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Funding Insights of Labby
Labby has successfully raised a total of $480K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $255.91 thousand completed in September 2021. 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 Funding
- Total Rounds 3
- Last Round Grant — $255,906
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Grant - Labby | Valuation |
investors |
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| Nov, 2020 | Amount | Seed - Labby | Valuation | AgriTech Capital |
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| May, 2018 | Amount | Seed - Labby | Valuation | MassChallenge |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Labby
Labby has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include National Science Foundation, AgriTech Capital and MassChallenge. 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.
| Investor | Description | Founded Year | Domain | Location |
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AgriTech Capital is focused on innovation in the agribusiness sector.
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Founded Year | Domain | Location | |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Labby
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Labby
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Labby Comparisons
Competitors of Labby
Labby 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 xFarm, CropX, Stellapps, CropIn and Arable, 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 |
Farm management solutions are delivered via an IoT-sensor platform.
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| domain | founded_year | HQ Location |
Provider of wireless sensors for soil moisture monitoring
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| domain | founded_year | HQ Location |
Provider of IoT and software solutions for dairy supply chain optimization
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
IoT-based farm monitoring and crop management solutions are provided.
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| domain | founded_year | HQ Location |
Instruments for chemical analysis are developed and manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Labby
When was Labby founded?
Labby was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Labby located?
Labby is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Labby?
Anshuman Das is the current CEO of Labby. They have also founded this company.
Is Labby a funded company?
Labby is a funded company, having raised a total of $480K across 3 funding rounds to date.
What does Labby do?
Labby was founded in 2017 in Boston, United States, within the food technology sector. IoT-enabled systems for food analysis are developed and supplied. A portable spectrometer and AI-driven analytics platform are utilized to deliver molecular composition and nutritional data on food items. Databases and solutions for agricultural products, liquors, and dairy are maintained to support industry applications. Operations focus on enabling precise food evaluation through connected devices.
What products or services does Labby offer?
Labby offers Inline Fat & Protein Analyzer and Integrated Milk Testing Solutions.
Who are Labby's investors?
Labby has 3 investors. Key investors include National Science Foundation, AgriTech Capital, and MassChallenge.