28 03 2016

Maverick Capital acquires a minority stake in Science Exchange, the leading marketplace for scientific research

Science Exchange, the leading marketplace for scientific research, announced that it has raised $25 million in new funding.


Maverick Capital led the round, with participation from Union Square Ventures, Index Ventures, OATV, Collaborative Fund, YC Continuity Fund, TEDMED CEO Jose Suarez, Sam Altman, Steve Case, Paul Buchheit, and other angel investors. The company has now raised over $30 million. Since its founding in 2011, Science Exchange has become the world’s leading marketplace for scientific research services. The company provides secure access to a network of 1000s of screened and verified contract research organizations (CROs), academic labs, and government facilities that are available to conduct experiments on the behalf of scientists. The Science Exchange platform has been used by scientists from over 2,500 different companies and organizations. The company has experienced significant growth in the last 12 months, including seeing the total transactional volume of experiments conducted through the Science Exchange platform grow over 500% in 2015. Science Exchange is headquartered in Palo Alto, CA, and has clients, including many large pharmaceutical companies, around the globe. The company plans to use the new funding to expand its team in all areas including product, engineering, sales, marketing, and customer success. Maverick Capital, Ltd. is an employee owned hedge fund sponsor. The firm provides its services to pooled investment vehicles. It invests in the public equity markets of the United States. The firm also manages funds. Maverick Capital was founded in 1990 and is based in Dallas, Texas. Jones Day advised Maverick Capital in its acquisition of a minority stake in Science Exchange with a team led by Dallas-based Corporate partner Charles Haag. Involved fees earner: Charles Haag - Jones Day;

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