Cambridge, USA-based online marketplace for life science research products, Zageno, raises USD 33 million in funding. The round took place on May 25, 2023. General Catalyst, the largest public pension fund in the United States, Grazia Equity, Oakridge Management Group, and a German investment house led the financing for the company. 

Meanwhile, existing investors Capnamic Ventures and HighSage Ventures provided the investment.

Purpose of funding for Zageno 

With the latest proceeds, Zageno seeks to fuel its expansion plans in the United States as well as Europe. Meanwhile, it has plans to significantly enhance the accessibility and affordability of life science research products. 

The company also seeks to expand its operations and grow its business reach. It is on a mission to pioneer innovation in the scientific research industry. 

What the CEO has to add

Florian Wegener, CEO of ZAGENO, said, “We’re thrilled to welcome new investors, including one of America’s most powerful shareholder bodies and global leader in the investment industry and a prominent German investment house, while enjoying continued support from General Catalyst and existing investors. This funding empowers scientists to focus on scientific value creation.”

In addition, Joe von Rickenbach, Chairman of the Board of ZAGENO, said, “With this funding, ZAGENO is positioned to deliver even greater value to scientists worldwide. Their innovative platform drives unmatched efficiency and cost savings.”

What the investors have to add

Larry Bohn, Managing Partner at General Catalyst, further added, “ZAGENO is transforming the scientific research industry with its groundbreaking platform. We proudly support their journey.”

The venture capital firm boasts offices in regions such as San Francisco, Palo Alto, New York City, London, and Boston. Its portfolio includes companies such as Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara, Snap, Stripe, and Warby Parker. 

About the company 

In 2015, Founders David Pumberger, Florian Wegener, and Kilian Veer launched the company. It operates as a marketplace for life sciences research products. The company revolutionizes how scientists discover, procure, and manage life science research products. ZAGENO supports researchers pursuing breakthroughs that improve our lives. In addition, the company has a global presence with offices in Cambridge, San Francisco, Berlin, and Bangalore. 

ZAGENO’s online marketplace offers a vast selection of products and services, such as laboratory equipment, consumables, chemicals, antibodies, and customized solutions. By providing scientists access to a network of verified suppliers, the ZAGENO platform enables informed purchasing decisions. The company strives to simplify product discovery, experiment planning, and seamless purchasing from thousands of suppliers. 

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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