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Total amount raised
$45.2M
Latest funding date
2026-04-13
Location
Quartzy has successfully raised $22.2 million over three funding rounds, with backing from Y Combinator and other top investors. The platform offers comprehensive lab management solutions, streamlining inventory, purchasing communications, and ordering processes for small- and medium-sized R&D organizations.
What Is Quartzy?
Founded by Jayant Kulkarni and Adam Regelmann, Quartzy is headquartered in the San Francisco Bay Area. The company specializes in providing a vertically-integrated procurement platform and lab management solutions for small- and medium-sized R&D organizations in the life sciences industry.
Quartzy's platform helps manage inventory, streamline purchasing communications, and consolidate ordering processes. It serves thousands of labs at pharmaceutical and biotechnology companies, hospitals, and academic centers.
With a team of 51-200 employees, Quartzy continues to innovate in the lab management space, enhancing operational efficiency and accelerating scientific discovery.
How Much Funding Has Quartzy Raised?
- Seed Round
- Amount Raised: $1.2 million
- Date: February 2012
- Lead Investors: Life Sciences Angel Network
- Other Investors: Y Combinator, SV Angel, Washington University, Science House Capital, and others
- Motivation Behind the Round: To support the development and growth of Quartzy's free web app designed to help life scientists manage their labs, inventories, and orders.
- Series A Round
- Amount Raised: $4 million
- Date: July 2013
- Lead Investors: Khosla Ventures
- Other Investors: Lerer Ventures, Jeremy Stoppelman, David Sacks, and others
- Motivation Behind the Round: To help scientists manage their lab inventory more efficiently and target the specialized market of research scientists and lab managers.
- Series B Round
- Amount Raised: $17 million
- Date: January 2016
- Lead Investors: Eminence Capital
- Other Investors: Khosla Ventures, YC Continuity Fund, A Capital, Jeremy Stoppelman, Justin Caldbeck, Tikhon Bernstam, Gil Elbaz
- Motivation Behind the Round: To build up the supply side, recruit executive talent, onboard new suppliers, and accelerate deals with leading companies.
- Venture Round
- Amount Raised: Undisclosed (estimated ~$5–11 million per third-party sources)
- Date: November–December 2019
- Lead Investors: Undisclosed
- Motivation Behind the Round: To continue platform growth and expansion of lab procurement services.
- Debt Financing Round
- Amount Raised: $23 million
- Date: April 13, 2026
- Lead Investors: Avenue Capital Group and BroadOak Capital Partners
- Motivation Behind the Round: To support continued investment in its software platform, supplier network expansion, customer experience improvements, and go-to-market capabilities.
Quartzy has raised a total of at least $45.2 million based on disclosed funding rounds. The 2019 round amount was not publicly confirmed; total includes $23M debt financing closed April 2026.
Key Investors
- Avenue Capital Group
- Details: Avenue Capital Group is a global investment firm managing approximately $10 billion in assets. Its Avenue Growth Lending Funds focus on providing venture debt to high-growth, VC-backed technology and life science companies.
- Investment Focus Areas: Life sciences, technology, high-growth companies.
- Notable Investments: Quartzy (lead lender, 2026 debt financing).
- BroadOak Capital Partners
- Details: BroadOak Capital Partners is a specialist investor in life sciences, having invested in over 75 companies across research tools, diagnostics, and biopharma services.
- Investment Focus Areas: Life sciences, research tools, diagnostics, biopharma services.
- Notable Investments: Quartzy (co-lender, 2026 debt financing).
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since its inception. It is known for its intensive three-month programs that help startups refine their business models and pitch to investors.
- Investment Focus Areas: Technology startups, various industries.
- Notable Investments: Dropbox, Airbnb, Stripe.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that provides funding for early-stage companies. Founded by Vinod Khosla, it focuses on impactful and innovative technologies.
- Investment Focus Areas: Technology, healthcare, clean energy.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Eminence Capital
- Details: Eminence Capital is a $6 billion, stage-agnostic fund based in New York. The firm often takes large positions in public companies, particularly in the life sciences sector.
- Investment Focus Areas: Life sciences, public companies.
- Notable Investments: Not specified.
- Life Sciences Angel Network
- Details: Life Sciences Angel Network is a New York-based investment group. It focuses on funding startups in the life sciences sector.
- Investment Focus Areas: Life sciences, scientific research, development.
- Notable Investments: Not specified.
- YC Continuity Fund
- Details: YC Continuity Fund is an investment fund associated with Y Combinator. It aims to support startups that have graduated from the Y Combinator accelerator program.
- Investment Focus Areas: Startups, Y Combinator alumni.
- Notable Investments: Not specified.
What's Next for Quartzy?
Quartzy stands at the cusp of significant growth opportunities. With a robust $17 million Series B financing, the company aims to expand its marketplace offerings and build up the supply of lab equipment. Partnerships with academic institutions and a potential major retail deal could further amplify its reach. The increasing demand for cost-effective lab supplies and the rise of digital inventory management tools present a fertile ground for Quartzy's expansion.
Future fundraising seems likely, given the involvement of high-profile investors like Eminence Capital. This financial backing could support further development and scaling of Quartzy's platform. However, challenges such as balancing supply and demand, recruiting executive talent, and navigating regulatory issues in the life sciences sector could pose hurdles. Despite these challenges, Quartzy's strategic moves and industry trends suggest a promising trajectory ahead.
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