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Zageno Secures $33M Funding To Revolutionize Life Science Research Procurement

Jun 05, 2023over 2 years ago

Amount Raised

$33 Million

CambridgeBiotechnology

Investors

High Sage VenturesCapnamic VenturesOak Ridge Management GroupGrazia EquityGeneral Catalyst

Description

CAMBRIDGE, MA / May 25, 2023 / ZAGENO, the leading online marketplace for life science research products, announces the completion of a $33 million funding round. General Catalyst, the largest public pension fund in the United States, Grazia Equity, OakRidge Management Group, and a German investment house led this round, joined by existing investors Capnamic Ventures and HighSage Ventures.

Company Information

Company

ZAGENO

Location

Cambridge, Massachusetts, United States

About

ZAGENO transforms lab supply procurement with the industry’s largest AI-powered marketplace, featuring over 40 million products from 5,300+ global suppliers. Scientists, lab managers, and procurement teams rely on ZAGENO’s all-in-one platform for painless lab supply procurement that optimizes budgets and enhances productivity, while suppliers gain a powerful sales channel. With automated order and delivery tracking, custom workflows, real-time spend analytics, and offloaded supplier management, ZAGENO empowers labs of all sizes to achieve full lab supply ordering automation. Founded in 2015, ZAGENO is headquartered in the U.S., with offices across Europe and Asia.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech