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Turnover Labs raised $1.4M in Pre-Seed funding led by Pace Ventures and GC Ventures to expand its engineering team and accelerate R&D efforts.

Oct 22, 202410 months ago

Amount Raised

$1.4 Million

Round Type

seed

New YorkBiotechnologyManufacturing

Investors

Sandy Spring Climate PartnersGc VenturesPace Ventures

Description

Turnover Labs, a NYC-based early-stage startup, raised $1.4M in Pre-Seed funding. The funding will be used to expand its engineering team and grow business development efforts.

Company Information

Company

Turnover Labs

Location

New York, New York, United States

About

Turnover Labs is an early-stage startup based in New York City focused on decarbonizing the chemical manufacturing industry. The company aims to transition its technology from laboratory settings to practical applications. With recent funding, Turnover Labs plans to expand its engineering team and enhance its business development efforts.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers