Labviva is a digital marketplace that integrates with enterprise procurement systems to provide researchers with transparent access to life science products, enabling them to optimize spending and supplier management. By offering price comparisons and automated inventory control, Labviva helps organizations reduce R&D costs by an average of 20% in the first year.
Funding
$55.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Life science researchers often lack efficient tools for comparing prices and managing inventory, leading to increased R&D costs and administrative overhead. Inefficient procurement processes and limited visibility into spending patterns further exacerbate these challenges.
Solution
Labviva offers a digital purchasing platform that integrates with enterprise procurement systems, providing researchers with transparent access to life science products and optimizing spending. The platform enables price comparisons across suppliers, automated inventory control, and real-time data analytics, empowering organizations to reduce R&D costs and improve supplier management. By streamlining the procurement process and offering comprehensive data insights, Labviva helps research institutions and biopharmaceutical companies accelerate their research and development efforts.
Target Audience
Labviva primarily serves research institutions, biopharmaceutical companies, and other life science organizations seeking to optimize their procurement processes and reduce R&D spending.
Features
- Integration with existing enterprise procurement systems for seamless workflow
- Chemical and antibody sourcing through a science-centric search and browse interface
- Real-time price comparisons from multiple suppliers
- Automated inventory management system with complete visibility over stockroom shelves
- Forecasting of upcoming inventory needs
- Compliance tracking with EH&S regulatory requirements
- Consolidated views of spend across the entire organization
- Custom reporting and filtering for in-depth data analysis