|[March 25, 2014]
Assay Depot Raises Series B Funds to Grow 'Science as a Service' Platform
SAN DIEGO --(Business Wire)--
Depot Inc., the world's leading marketplace for scientific services,
today announced that it raised $3 million in Series B financing.
Bootstrap Venture Fund, a venture capital fund that specializes in IT
businesses in the life sciences space, led the round. The funds will be
used to drive continued growth of Assay Depot's innovative research
sourcing platform, which is already used by scientists in over 100
"Assay Depot is fundamentally changing how scientific research is
sourced and managed," said Kyle Williams, General Partner of Bootstrap
Venture Fund. "By simplifying access to experts and services, the
company is dramatically lowering barriers to scientific innovation and
ushering in a new, cost-effective approach to research."
Often referred to as "Amazon.com (News - Alert) for scientists," Assay Depot is the
only online marketplace that allows anyone to source research services
quickly, efficiently and at no cost. Assay
Depot also hosts a network of private research marketplaces that
connects scientists inside large pharmaceutical companies with experts
at 9,000 global research suppliers (aka CROs). Each private research
marketplace serves as an end-to-end vendor relationship management (VRM)
system that can be used to capture scientist feedback in the form of
ratings and reviews.
"Assay Depot is using the power of the Internet to create a new model
for scientific research," said Kevin Lustig Ph.D., Assay Depot's CEO.
"By making it possible for anyone to order any service on demand, we
enable entire research projects to be carried out without direct access
to a laboratory. Scientists can now create and run multiple complex
experiments in parallel."
About Assay Depot
Assay Depot is the world's largest marketplace for scientific services.
The company operates a network of public and private online marketplaces
that makes it easy for scientists to find experts and purchase services
in more than 500 research areas. Assay Depot is changing the way
scientific research is done. For more information visit our free Public
Marketplace, read the Assay
Depot Blog or follow us on Twitter (News - Alert) @assaydepot.
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