About LabMinds
LabMinds is a company based in Boston (United States) founded in 2009.. LabMinds has raised $9.6 million across 5 funding rounds from investors including Waters Corporation, Oxford Technology and Red Deer Capital. LabMinds offers products and services including bufferPrep System. LabMinds operates in a competitive market with competitors including Aethon, Hamilton Company, MEGAROBO, Stratec Biomedical and Protedyne, among others.
- Headquarter Boston, 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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- Legal Name Accroma Labtec Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.6 M (USD)
in 5 rounds
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Latest Funding Round
$6.4 M (USD), Series C
Nov 18, 2021
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Investors
Waters Corporation
& 3 more
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Employee Count
Employee Count
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Products & Services of LabMinds
LabMinds offers a comprehensive portfolio of products and services, including bufferPrep System. 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.
Automates buffer preparation to reduce errors and save lab time.
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Board Team
5 people
Leadership Team
1 people
Operations Team
1 people
Sales and Marketing
1 people
Chairman Team
1 people
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Funding Insights of LabMinds
LabMinds has successfully raised a total of $9.6M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $6.4 million completed in November 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 5
- Last Round Series C — $6.4M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series C - LabMinds | Valuation |
investors |
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| Jun, 2020 | Amount | Series B - LabMinds | Valuation |
investors |
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| Jun, 2019 | Amount | Series B - LabMinds | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 LabMinds
LabMinds has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Waters Corporation, Oxford Technology and Red Deer Capital. 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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Venture capital firm focused on angel investments
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Founded Year | Domain | Location | |
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Early-stage micro-VC investments are focused on UK companies.
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Founded Year | Domain | Location | |
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Provider of laboratory management system for researchers and clinicians
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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 LabMinds
| 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 - LabMinds
| 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 |
Labminds Comparisons
Competitors of LabMinds
LabMinds 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 Aethon, Hamilton Company, MEGAROBO, Stratec Biomedical and Protedyne, 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 |
Autonomous robots are deployed for hospital internal logistics and deliveries.
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| domain | founded_year | HQ Location |
Developer of automated liquid handling systems
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| domain | founded_year | HQ Location |
Robotic solutions for industrial laboratory automation are provided by MEGAROBO.
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| domain | founded_year | HQ Location |
Provider of automated analyzer systems, data management software, and solutions for IVD sample preparation
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| domain | founded_year | HQ Location |
Robotic platforms for lab automation are developed.
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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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Latest news on Labminds
Frequently Asked Questions about LabMinds
When was LabMinds founded?
LabMinds was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is LabMinds located?
LabMinds is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is LabMinds a funded company?
LabMinds is a funded company, having raised a total of $9.6M across 5 funding rounds to date.
What does LabMinds do?
LabMinds was founded in 2009 in Boston, United States, and operates within the life and medical sciences sector. Automated liquid handling systems, including the Revo platform, are developed, manufactured, and marketed to support laboratory operations. Processes such as buffer and stock solution preparation are automated, incorporating water purification, solid dosing, weighing, stirring, temperature and pH control, vacuum filtering, label printing, and adherence to GLP standards.
Who are the top competitors of LabMinds?
LabMinds's top competitors include Aethon, MEGAROBO and Hamilton Company.
What products or services does LabMinds offer?
LabMinds offers bufferPrep System.
Who are LabMinds's investors?
LabMinds has 4 investors. Key investors include Waters Corporation, Oxford Technology, Red Deer Capital, and ACF Investors.
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