May 22, 2024
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Battery Ventures acquires Labguru

Image taken from LabGuru website

Battery Ventures, a global, technology-focused investment firm, announced the acquisition of Labguru (BioData), the life-science laboratory-data platform from Holtzbrinck Digital. Terms were not disclosed.

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. 

Logo taken from Battery website

“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.  

Logo taken from Labguru website

“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.”

Image taken from LabGuru website

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.”

Source

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