About Valence Labs
Valence Labs is a company based in Montreal (Canada) founded in 2017 by Therence Bois was acquired by Recursion in May 2023.. Valence Labs has raised $8.5 million across 3 funding rounds from investors including Recursion Pharmaceuticals, Fundica and Fifty Years. Valence Labs operates in a competitive market with competitors including Asimov, Cellarity, Metaphore, Panakeia and Evolved By Nature, among others.
- Headquarter Montreal, Canada
- Founders Therence Bois
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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
*********
- Legal Name Valence Discovery Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 3 rounds
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Latest Funding Round
$8.5 M (USD), Seed
Dec 15, 2021
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Investors
Recursion Pharmaceuticals
& 7 more
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Employee Count
Employee Count
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Acquired by
Recursion
(May 08, 2023)
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Funding Insights of Valence Labs
Valence Labs has successfully raised a total of $8.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $8.5 million completed in December 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 Seed — $8.5M
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First Round
First Round
(13 Jul 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Valence Labs | Valuation | Fifty Years , Air Street Capital | |
| Jul, 2018 | Amount | Grant - Valence Labs | Valuation |
investors |
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| Jul, 2018 | Amount | Grant - Valence Labs | Valuation |
investors |
| 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 Valence Labs
Valence Labs has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Recursion Pharmaceuticals, Fundica and Fifty Years. 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 multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm investing in AI & life science sectors
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Founded Year | Domain | Location | |
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Venture capital investments are made in precision medicine companies.
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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 Valence Labs
| 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 - Valence Labs
| 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 |
Valence Labs Comparisons
Competitors of Valence Labs
Valence Labs 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 Asimov, Cellarity, Metaphore, Panakeia and Evolved By Nature, 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 |
Provider of integrated suite for advanced genetic design and manufacturing
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| domain | founded_year | HQ Location |
Developer of drugs to treat various diseases
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| domain | founded_year | HQ Location |
Provider of machine language and computational platform for drug discovery
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| domain | founded_year | HQ Location |
AI-based software is provided for cancer diagnosis and precision treatment.
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| domain | founded_year | HQ Location |
Digital technology for biomedicinal molecule development in research is utilized.
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| domain | founded_year | HQ Location |
Provider of software solutions for molecular diagnostics and discovery
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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 Valence Labs
Frequently Asked Questions about Valence Labs
When was Valence Labs founded?
Valence Labs was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Valence Labs located?
Valence Labs is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Valence Labs a funded company?
Valence Labs is a funded company, having raised a total of $8.5M across 3 funding rounds to date. The company's 1st funding round was a Grant of $100K, raised on Jul 13, 2018.
What does Valence Labs do?
Valence Labs was established in 2017 in Montreal, Canada, as a research and productization unit within Recursion. Focus is placed on applying artificial intelligence to drug discovery processes. Computational methods are utilized to support advancements in healthcare, while open science initiatives and academic collaborations are encouraged. Operations center on developing tools and models for pharmaceutical innovation in the biotech sector.
Who are the top competitors of Valence Labs?
Who are Valence Labs's investors?
Valence Labs has 8 investors. Key investors include Recursion Pharmaceuticals, Fundica, Fifty Years, Air Street Capital, and Amplitude Ventures.