Total amount raised
$240 Millions
Latest funding date
Location
Opentrons has successfully raised significant funding through multiple rounds, with notable investors such as Jacket River and SoftBank Vision Fund backing the company. The latest funding round, a Series C, closed on September 23, 2021.
Opentrons specializes in developing pipetting robot technology to automate laboratory experiments, offering products like the Opentrons Flex and OT-2. Keep reading to explore the intricacies of Opentrons' fundraising journey and the investors supporting this innovative platform.
What Is Opentrons?
Opentrons, founded in 2014 by Nicholas Wagner and Will Canine, is a life science company based in Brooklyn, New York. The company specializes in developing pipetting robot technology to automate laboratory experiments, making scientific research faster and less tiresome.
Operating in industries such as AI, biotechnology, electronics, hardware, and robotics, Opentrons has an employee count ranging from 101 to 250. Their flagship products, including the Opentrons Flex and OT-2, are designed to make lab automation accessible and flexible for various research needs.
How Much Funding Has Opentrons Raised?
- Pre-Seed Round
- Amount Raised: $25K
- Date: July 2014
- Lead Investors: SOSV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their pipetting robot technology.
- Seed Round
- Amount Raised: $7.2M
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and market their initial product offerings.
- Seed Round
- Amount Raised: $10M
- Date: March 2018
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product line and scale operations.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital.
- Venture Round
- Amount Raised: $2.3M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing research and development.
- Series B
- Amount Raised: $20.6M
- Date: August 2020
- Lead Investors: SOSV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product capabilities.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional funding for operational needs.
- Series C
- Amount Raised: $200M
- Date: September 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in global expansion and develop new robotic tools.
Total Amount Raised: $240.1M. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a large investment fund that focuses on technology companies. It is known for making substantial investments in high-growth sectors.
- Investment Focus Areas: Technology, AI, robotics, healthcare.
- Notable Investments: Uber, WeWork, ARM Holdings.
- SOSV
- Details: SOSV is a global venture capital firm that operates startup development programs. It specializes in accelerator programs to support early-stage companies.
- Investment Focus Areas: Biotechnology, hardware, software, sustainability.
- Notable Investments: Formlabs, NotCo, Opentrons.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that invests in early-stage companies. It focuses on transformative technologies across various sectors.
- Investment Focus Areas: Clean technology, healthcare, IT.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding and mentorship. It has supported numerous successful startups through its programs.
- Investment Focus Areas: Software, hardware, biotech.
- Notable Investments: Airbnb, Dropbox, Stripe.
- Sands Capital
- Details: Sands Capital is an investment management firm that focuses on growth companies. It participated in the Series C funding round for Opentrons.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Amazon, Netflix, Tesla.
What's Next for Opentrons?
Opentrons is poised for significant growth with its recent $200 million Series C funding. The company plans to develop new robotic tools, expand its biofoundry capabilities, and create additional diagnostic labs. These initiatives align with the increasing demand for lab automation and advanced diagnostic services, presenting substantial opportunities for Opentrons to scale globally.
Future fundraising opportunities seem promising as Opentrons continues to innovate and expand its market reach. However, the company may face challenges such as competition, regulatory hurdles, and integration issues with new technologies. Navigating these obstacles will be crucial for sustaining its growth trajectory and capitalizing on emerging industry trends.
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