Google Docs for life sciences startup Benchling raises $7 million in growth capital from Thrive, A16z and others

Google Docs for life sciences startup Benchling raises $7 million in growth capital from Thrive, A16z and others

Posted 21 seconds ago by Sarah Buhr (@sarahbuhr)
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Benchling, a biotech company out of Y Combinator providing cloud-based software for researchers, tells TechCrunch it has raised $7 million in growth funding to continue creating tools to help the science community access research from big pharma and other leaders in the space.

You might think of Benchling as the Google Docs portion of the life sciences industry. While IT solutions software isn’t the sexiest thing happening in biotech, it’s an important step in organizing the research to get to those breakthroughs and Benchling provides that part of the ecosystem.

But what started out as a cloud collaboration tool for scientists has grown since its launch in 2012 to include more than 40,000 researchers (up from 2,000 in 2014) and now works with some of the biggest players in the business such as MIT labs, Zymergen, Editas and the top 20 pharma labs in the country, according to the startup.

benchling_editor

In just the past year Benchling says it has made strides to make its software faster and even more powerful to enable researchers to extract the information needed when they need it — multiples faster than what one might get with a simple query from a Google or excel spreadsheet.

Thrive Capital led the round, joined by previous investors Andreessen Horowitz (which led the previous round), and a number of angel investors, including Y Combinator partner Geoff Ralston, Sequoia partner Matt Huang and CXO of Tencent David Wallerstein.

Ashton Kutcher, who has said in the past he was interested in putting more money into biotech startups, is a notable new Benchling benefactor, adding a small but undisclosed amount to this latest round of financing.

Benchling has now raised $13 million in total.

Featured Image: Amy/Flickr UNDER A CC BY 2.0 LICENSE
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  • Marc Andreessen

    • Bio Marc Andreessen is a cofounder and general partner of the venture capital firm Andreessen Horowitz. He is an innovator and creator, one of the few to pioneer a software category used by more than a billion people and one of the few to establish multiple billion-dollar companies. Marc co-created the highly influential Mosaic Internet browser and cofounded Netscape, which later sold to AOL for $4.2 …
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  • Thrive Capital

    • Overview Thrive Capital is a venture capital investment firm focused on media and internet investments. Since its founding, Thrive has raised $200 million from institutional investors, including Princeton University, Wellcome Trust, and Hall Capital. According to a profile in Forbes, Thrive was one of three firms (joining Sequoia Capital and Greylock Partners) to invest in Instagram's $50 million Series …
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  • Ashton Kutcher

    • Bio Ashton Kutcher is an actor, tech investor and producer. In 2011, Kutcher created a venture fund, A-Grade Investments, with Ron Burkle and Guy Oseary. A-Grade has invested in multiple tech companies including Spotify, Airbnb, Foursquare, Fab, Uber, Dwolla and Path. Kutcher is also co-founder of Katalyst, a media company creating original content for digital media, television and film. In 2010, Kutcher …
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    • Overview Y Combinator is a startup accelerator based in Mountain View, CA. In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money ($120K) in a large number of startups (most recently 68). The startups move to Silicon Valley for 3 months. The YC partners work closely with each company to get them into the best possible shape and refine their pitch …
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