Tech Company Financing Transactions
BenchSci Funding Round
BenchSci, based in Toronto ON, secured $20.5 million from iNovia Capital, Afore Capital and Golden Ventures.
Transaction Overview
Company Name
Announced On
6/27/2019
Transaction Type
Venture Equity
Amount
$20,500,000
Round
Series A
Investors
iNovia Capital (Lead Investor) (Antoine Nivard)
Gradient Ventures (Darian Shirazi)
Proceeds Purpose
BenchSci will use the additional investment to expand its office and team to meet growing demand from pharmaceutical companies for its biomedical AI technology, which empowers scientists to run more successful experiments to accelerate drug discovery.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
559 College St. 201
Toronto ON, M6G 1A9
Canada
Toronto ON, M6G 1A9
Canada
Phone
Undisclosed
Website
Email Address
Overview
As a team of former bench scientists, we experienced challenges finding commercial antibodies. So we spent two years building machine learning software to extract antibody usage data in the form of published figures, decoding millions of papers and making the data easily discoverable for scientists. The result: BenchSci.
Management Team
Title
Name
Email & Social
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