About LabNow
LabNow is a company based in Austin (United States) founded in 2005. It operates as a B2B. LabNow has raised $21.64 million across 5 funding rounds from investors including Sammons and Austin Technology Incubator. LabNow operates in a competitive market with competitors including Chembio, Cellavision, Diatron, MicroX Labs and Sedia Biosciences, among others.
- Headquarter Austin, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.64 M (USD)
in 5 rounds
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Latest Funding Round
$605 K (USD), Series B
May 11, 2010
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Investors
Sammons
& 1 more
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Employee Count
Employee Count
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Funding Insights of LabNow
LabNow has successfully raised a total of $21.64M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $605 thousand completed in May 2010. 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 B — $605,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2010 | Amount | Series B - LabNow | Valuation |
investors |
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| May, 2009 | Amount | Series B - LabNow | Valuation |
investors |
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| Apr, 2009 | Amount | Series B - LabNow | Valuation |
investors |
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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 LabNow
LabNow has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Sammons and Austin Technology Incubator. 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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Deep tech commercialization is facilitated by Austin Technology Incubator.
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Founded Year | Domain | Location | |
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Investments are directed toward consumer products and B2B services.
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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 LabNow
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - LabNow
| 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 |
Labnow Comparisons
Competitors of LabNow
LabNow 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 Chembio, Cellavision, Diatron, MicroX Labs and Sedia Biosciences, 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 |
Proprietary immunoassay platform is utilized for infectious disease diagnostics.
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| domain | founded_year | HQ Location |
Solutions for digital microscopy.
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| domain | founded_year | HQ Location |
Hematology and clinical chemistry analyzers with reagents are manufactured.
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| domain | founded_year | HQ Location |
MEMS-based biochips are developed for blood cell counting.
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| domain | founded_year | HQ Location |
Point-of-care HIV diagnostic assays and surveillance tools are developed.
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| domain | founded_year | HQ Location |
Diagnostic tools for infectious diseases are developed using genotyping platforms.
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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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Frequently Asked Questions about LabNow
When was LabNow founded?
LabNow was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is LabNow located?
LabNow is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is LabNow a funded company?
LabNow is a funded company, having raised a total of $21.64M across 5 funding rounds to date. The company's 1st funding round was a Series B of $783.35K, raised on Jun 01, 2006.
What does LabNow do?
LabNow, established in 2005 and currently in Dissolved stage, focuses on providing healthcare solutions, developing medical devices, offering diagnostic solutions, and point-of-care systems. Offers WBC counting point-of-care diagnostic systems for healthcare needs. Adapting to market demands with innovation and client-focused strategies.
Who are the top competitors of LabNow?
LabNow's top competitors include Cellavision, Chembio and MicroX Labs.
Who are LabNow's investors?
LabNow has 2 investors. Key investors include Sammons, and Austin Technology Incubator.