Capital & Investment Coverage — $250 Million Series B

In September 2021, SmartLabs closed a $250 million Series B round led by ArrowMark Partners with participation from Winslow Capital, Onex Falcon, Breed’s Hill Capital, and Conversion Ventures. The financing was arranged in partnership with Morgan Stanley’s investment-banking group, which served as SmartLabs’ advisor throughout the process.

The capital accelerated the national build-out of the Universal Lab Framework and advanced the Lab Operating System (Lab OS) — a digitally connected architecture linking design, operations, compliance, and data across facilities.

At the time, the transaction ranked among the 15 largest private-equity and venture funding rounds globally, according to AlleyWatch and London Tech Watch rankings for September 2021. It signaled that investors had begun to view scientific infrastructure as a technology platform in its own right — scalable, capital-efficient, and mission-critical to innovation.

Read the full coverage →

• Business Wire — Official press release (Sep 20 2021)

• PitchBook — ArrowMark Leads $250M Round for SmartLabs (Sep 21 2021)

• AlleyWatch — The 15 Largest Global Startup Funding Rounds of September 2021 (Oct 2021)

• AlleyWatch — The 10 Largest US Startup Funding Rounds of September 2021 (Oct 2021)

• London Tech Watch — Global Funding Coverage (Oct 2021)

• MarketScreener — SmartLabs Launch and Sell-Out of GxP-Compliant Facilities (Nov 9 2021)

• Law360 — Ropes & Gray Led Lab-Space Provider Lands $250M Series B (Oct 2021)

• DelveInsight — SmartLabs Announces USD 250M Series B Financing (Sep 21 2021)

• Boston Business Journal — SmartLabs Raises $250M to Scale Operations (Sep 20 2021) (may require login)