Labguru will combine forces with Titian
Software to create a global tier-1 lab-management and
sample-management platform
Battery Ventures, a global, technology-focused investment firm,
announced the acquisition of Labguru (BioData Inc.), the
life-science laboratory-data platform, from Holtzbrinck Digital.
Terms were not disclosed.
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Labguru provides a comprehensive laboratory data-management hub
for planning and tracking; documenting experiments; streamlining
lab logistics; and sharing results across teams and organizations.
Labguru’s easy-to-use, cloud-based, research-to-production
life-science platform combines an Electronic Lab Notebook (ELN), a
Laboratory Information Management System (LIMS) and a set of
informatics tools to enable and enhance research and production.
Labguru is trusted by hundreds of thousands of scientists across
the biotechnology, pharmaceutical and advanced-industry segments,
as well as researchers at global academic and research
institutions.
Labguru will join Battery’s Titian Software to create a global
organization that offers an end-to-end solution across life
sciences and laboratory applications from research to production,
spanning the entire workflow from ELN to inventory and sample
management, research, testing and QC workflows.
“Together Titian and Labguru will use the investment by Battery
to further support organic growth as well as shape the direction of
the group’s future acquisitions, in fulfilling the group vision to
become the one-stop shop of the global life-science software
market,” said Battery General Partner Jesse Feldman.
“We are excited to bring together Titian and Labguru and to work
with the companies’ leaders to provide an integrated laboratory and
sample-management offering to researchers,” Feldman said. “The two
companies already serve researchers across multiple disciplines at
the forefront of science, and we look forward to expanding how we
serve our customers.”
Labguru’s executive team, including CEO Ariel Yarnitsky and
founder and CTO Jonathan Gross, will remain in their current roles,
working alongside the Titian executive team following the
transaction.
“We’re excited to join forces with Battery, a long-standing
investor with domain expertise across life-science informatics and
laboratory automation and leverage their vast experience during
Labguru’s next growth phase,” said Yarnitsky. “Specifically,
Labguru’s mission to build a leading solution catering to the broad
needs of scientists in one coherent and easy-to-use platform
becomes even more exciting by joining hands with Titian and with
the strong support of Battery. Between the additional capital from
Battery and the product and cultural fit with Titian, we could not
think of a more suitable partner to propel Labguru forward.”
Founder Gross added: “Partnering with Battery and Titian will
accelerate our ability to leverage technology, experience and
insights to effectively widen the scope of our platform, benefiting
science and scientists. This is an important and dramatic step in
Labguru’s journey. Further, with Battery Ventures’ long-standing
experience investing in data and AI companies, we have found a
valuable partner to help shape our vision as we continue building
on Labguru’s suite of artificial intelligence tools.”
Titian Software Founder and Chief Product Officer Edmund Wilson
added, “We are delighted to partner with Labguru. Our companies
share a common commitment to providing state-of-the-art solutions
to the life sciences community, delivered by staff who offer
tremendous domain expertise.”
Holtzbrinck Digital played a crucial role in Labguru's
development and success. Their vision and support have been
instrumental in the company's fast growth and positioning as a
tier-1 lab-management software company. "We are extremely happy
with Labguru's development over the last years and are proud of the
strides we've made together. Finding a partner like Battery, who
shares our commitment to innovation and excellence, marks a
thrilling next chapter for Labguru," said Marc-Orell Dedorath, head
of group M&A at Holtzbrinck.
“We are thrilled to unite two major forces in a market that's
only beginning to realize its vast potential,” added Justin Rosner,
a principal at Battery. “We look forward to working with the
Labguru and Titian teams as we embark on this journey
together."
About Labguru (BioData Inc.)
Labguru (BioData Inc.) was founded in 2007 and is the developer
of a secure, cloud-based laboratory data management platform for
life science research and industry. Labguru is an all-in-one
platform that streamlines laboratory operations by recording and
managing data and inventory, offering molecular biology and
chemistry tools, enabling lab automation, and providing
data-driven, AI-assisted insights for increased efficiency. As a
trusted tool for more than 120,000 scientists worldwide, we empower
the digitalization efforts of customers ranging from start-ups to
global life science organizations. To learn more about Labguru,
visit www.labguru.com.
About Titian Software
Titian Software was founded in 1999 and is a leading provider of
sample management software solutions, catering to the unique needs
of research laboratories, biobanks, and pharmaceutical companies
worldwide. Titian's Mosaic Sample Management Software encompasses a
comprehensive suite of tools for sample tracking, inventory
management, and workflow automation. Mosaic empowers laboratories
to efficiently manage vast repositories of samples, including
compounds, biological materials, and clinical specimens while
ensuring data integrity and traceability throughout the sample
lifecycle. www.titian.co.uk.
About Battery Ventures
Battery partners with exceptional founders and management teams,
developing category-defining businesses in markets including
software and services, enterprise infrastructure, online
marketplaces, healthcare IT, and industrial technology. Founded in
1983, the firm backs companies at all stages, ranging from seed and
early to growth and buyout, and invests globally from six strategic
locations: Boston; San Francisco and Menlo Park, Calif.; Tel Aviv;
London; and New York. Follow the firm on Twitter @BatteryVentures,
visit our website at www.battery.com, and find a complete list of
Battery's portfolio companies here.
About Holtzbrinck Digital
Holtzbrinck Digital manages the investments of the Holtzbrinck
Publishing Group in digital startups in the science and education
sector, as well as other areas of strategic importance. Holtzbrinck
Digital supports them in their development with expertise,
resources, and a long-term commitment, enabling the companies to
achieve the best possible development.
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Battery Ventures Megan O’Leary Marketing Director
moleary@battery.com U.S.: +1-415-426-5912
Labguru (BioData) Amy Kenigsberg K2 Global Communications
amy@k2-gc.com U.S.: +1-913-440-4072
Titian Software Ruth Petersen Vice President of Global
Marketing ruth.petersen@titian.co.uk U.S.: +1-858-220-1679