About LabConnect
LabConnect is a company based in Johnson City (United States) founded in 2002.. LabConnect has raised $28.5 million across 4 funding rounds from investors including Broadoak Capital Partners, ABS Capital and CYWP Fund. LabConnect has completed 2 acquisitions, including A4PBio and Cryo Store. LabConnect offers products and services including Central Lab Services, Lab Kit Production, Sample Management, Data Management, and Logistics. LabConnect operates in a competitive market with competitors including Pharmaron, Pfizer, Boehringer Ingelheim, Lonza and Dotmatics, among others.
- Headquarter Johnson City, United States
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Sectors
Healthcare
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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
$28.5 M (USD)
in 4 rounds
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Latest Funding Round
$24.5 M (USD), Series A
Jun 13, 2017
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Investors
Broadoak Capital Partners
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
A4PBio
& 1 more
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Products & Services of LabConnect
LabConnect offers a comprehensive portfolio of products and services, including Central Lab Services, Lab Kit Production, Sample Management, Data Management, and Logistics. 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.
Manages testing and processing for clinical trials
Produces and assembles kits for sample collection
Handles storage and tracking of clinical samples
Integrates and ensures accuracy of trial data
Provides sample shipping and tracking services
Offers secure storage for biological samples
Delivers scientific project management expertise
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Finance and Accounting
12 people
Software Development Team
11 people
Leadership Team
10 people
Sales and Marketing
10 people
Senior Team
8 people
Human Resources and Administration
7 people
Operations Team
4 people
Data Analysis and Operations Team
3 people
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Funding Insights of LabConnect
LabConnect has successfully raised a total of $28.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $24.5 million completed in June 2017. 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 4
- Last Round Series A — $24.5M
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First Round
First Round
(11 Jan 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Series A - LabConnect | Valuation | ABS Capital , Broadoak Capital Partners |
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| Mar, 2016 | Amount | Private Equity Round - LabConnect | Valuation | CYwP Funds |
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| Mar, 2016 | Amount | Series A - LabConnect | Valuation | Broadoak Capital Partners |
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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 LabConnect
LabConnect has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Broadoak Capital Partners, ABS Capital and CYWP Fund. 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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Founded Year | Domain | Location | |
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Flexible growth capital is provided by CYWP Fund.
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Founded Year | Domain | Location | |
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Investment banking services are offered in the United States.
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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 LabConnect
LabConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include A4PBio and Cryo Store. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of bioanalytical services and bio-logistics solutions for drug discovery and regulatory compliance
|
2011 | ||||
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Tools for biostorage
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LabConnect
| 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 |
Labconnect Comparisons
Competitors of LabConnect
LabConnect 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 Pharmaron, Pfizer, Boehringer Ingelheim, Lonza and Dotmatics, 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 |
Drug discovery and development services for small molecules are provided.
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| domain | founded_year | HQ Location |
Pharmaceutical products for treating multiple diseases are provided.
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| domain | founded_year | HQ Location |
Generic drugs and clinical research services are provided globally.
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| domain | founded_year | HQ Location |
CDMO services for pharma, biotech, and specialty ingredients are provided.
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| domain | founded_year | HQ Location |
AI powered scientific data management and workflow automation solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Labconnect
Frequently Asked Questions about LabConnect
When was LabConnect founded?
LabConnect was founded in 2002 and raised its 1st funding round 4 years after it was founded.
Where is LabConnect located?
LabConnect is headquartered in Johnson City, United States. It is registered at Johnson City, Tennessee, United States.
Who is the current CEO of LabConnect?
Tom Sellig is the current CEO of LabConnect.
Is LabConnect a funded company?
LabConnect is a funded company, having raised a total of $28.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jan 11, 2006.
What does LabConnect do?
LabConnect was founded in 2002 and is headquartered in Johnson City, United States. Operations focus on the biopharmaceutical sector, where laboratory testing services are delivered alongside clinical trial research support. Functional services for biopharma clients are also managed, encompassing specimen management and logistics. These activities are conducted to facilitate research and development in healthcare and life sciences.
Who are the top competitors of LabConnect?
What products or services does LabConnect offer?
LabConnect offers Central Lab Services, Lab Kit Production, Sample Management, Data Management, and 3 more products and services.
How many acquisitions has LabConnect made?
LabConnect has made 2 acquisitions, including A4PBio, and Cryo Store.
Who are LabConnect's investors?
LabConnect has 3 investors. Key investors include Broadoak Capital Partners, ABS Capital, and CYWP Fund.
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