Lab­vi­va nets $20M Se­ries A to ease life sci­ence pro­cure­ment process

Or­der­ing and procur­ing sup­plies and ma­te­ri­als for re­searchers and pro­duc­ers in the life sci­ences in­dus­try is an im­por­tant step, but it can be a com­plex process to nav­i­gate. It can be filled with in­ef­fi­cien­cy, but one start­up is look­ing to im­prove the process.

Lab­vi­va, a Mass­a­chu­setts-based start­up, is a dig­i­tal mar­ket­place that aims to pro­vide a user-friend­ly plat­form for or­ga­ni­za­tions in the life sci­ences field. The site com­bines AI with pro­cure­ment sys­tems such as SAP Ari­ba and Mi­crosoft Dy­nam­ics 365 to al­low buy­ers, main­ly large re­search or­ga­ni­za­tions or in­sti­tu­tions, to con­nect with ma­jor sup­pli­ers such as Ther­mo Fish­er Sci­en­tif­ic or Sar­to­rius. The Se­ries A an­nounced Mon­day is worth $20 mil­lion.

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