Clustermarket Closes £250,000 Seed Round less than 6 Months after Leaving Accelerator
We have another #BigBangMoment to announce from one of our alumni, the indomitable Clustermarket!
28 MAY 2017
Just a couple of months after launching in the UK and Germany one of our Accelerator alumni, the online sharing platform for life sciences Clustermarket, has just raised a seed investment round of £250,000.
The investment comes as they are trying to establish their platform Oxford, Cambridge and London – the so-called “golden triangle” of research in the UK. They also aim to develop their service in other areas of the UK, and expand the features of the platform. The round was lead by Angels in MedCity, with further participation from the London Co-Investment Fund.
Clustermarket aims to democratize life sciences by enabling smaller institutions and individual researchers to access highly technical equipment for the first time. The Clustermarket model – bringing the sharing economy to research – reduces wastage in the life sciences and makes research projects more affordable by reducing equipment’s idle time and allowing researchers to contribute their expertise beyond the walls of their main institution. They also aim to disrupt the competitive atmosphere in life sciences and speed up the innovation process by encouraging exchange of expertise between researchers and institutions, as well as equipment.
Scientists from any field can register on the platform and access latest technology or share their own technology with others through the platform. The platform is also not only about sharing equipment but also about pooling analysis, expertise and infrastructure. This is a huge milestone in Clustermarket’s growth, and we are very proud of their achievements. We doubt it will be long before we have some more #BigBangMoments from them to report!