24Haymarket and Forward Partners invest in Clustermarket
24Haymarket, a private capital firm focused on growth equity and venture capital investments in the UK, and Forward Partners, an early-stage investor focused on applied AI, marketplaces and e-commerce, have invested in Clustermarket, a SaaS-enabled marketplace for laboratories and equipment.
Existing investors such as Jonathan Milner and Bruce Barclay also participated in the $3.5 million round.
Clustermarket stated that its mission is to transform scientific research and development by building the world’s leading operating system for scientists. Its cloud-based lab management software helps organisations to manage resources and activities across their facilities, providing an overview of scientific equipment, laboratory bookings and technical service orders, and allows teams to communicate with each other.
The company says its software creates transparency within institutions and links to Clustermarket’s online equipment sharing platform, which provides access to thousands of scientific instruments and the best service providers, helping organisation to make good use of their existing resources by offering access to lab equipment and technical services to other organisations.
Clustermarket lists more than 70,000 scientific instruments on its platform, including highly specialised instruments such as microscopes, flow cytometers, and sequencing machines, as well as PCR machines, centrifuges and others.
The company stated it is growing rapidly, with more than 20% user growth month-on-month over the past 18 months.
Clustermarket chief executive Johannes Solzbach said: “Our software helps institutions to better manage and utilise their assets, increasing efficiencies within labs and informing future investment. With so much money pouring into life sciences and research, in particular after Covid, organisations want to make sure the impact of their equipment and future investment is maximised. We’re delighted to welcome our new investors as we look to scale up our business considerably in the near future, adding more equipment and users to build our network and data pool.”
Alan Jamieson, investor director representing 24Haymarket, added: “It is a very exciting prospect to support this management team as they use this new investment to build resources and capabilities across the business. This will accelerate the penetration of labs and users globally and allow us to facilitate the enhanced services that the internet of things offers both labs and equipment suppliers.”
Forward Partners chief executive Nic Brisbourne commented: “Clustermarket fits neatly into the type of company we like to partner with: a digital marketplace that is addressing friction and boosting efficiencies – in this case in the scientific and medical research space – a huge market that is even more crucial in the wake of the pandemic. By partnering with Clustermarket we hope to be able to support future growth, not only via capital, but with the hands-on support we offer from our investment team and our studio.”
Date published: June 28, 2021