Quartzy scores $23M
Quartzy raised $23 million to expand its lab‑procurement platform aimed at simplifying life‑science supply workflows. The funding targets tighter integration of procurement and lab operations rather than discovery science itself ((ventureburn.com)).
Quartzy said April 13 it secured $23 million in financing to expand the software and logistics it uses to buy and track lab supplies for life-science customers. (finance.yahoo.com) The Hayward, California, company said Avenue Capital Group and BroadOak Capital Partners provided the funding. Quartzy said the money will support platform development and customer growth across life-science organizations. (markets.financialcontent.com) Quartzy sells software that handles inventory, purchase requests, approvals, ordering and invoicing for research labs. It also runs warehouse infrastructure and private-label products alongside a marketplace with millions of items from outside suppliers. (quartzy.com) Life-science labs buy a steady flow of gloves, pipette tips, reagents and other consumables, and those purchases often run through separate systems for scientists, lab managers and procurement teams. Quartzy’s pitch is that one system can connect those steps so labs spend less time on manual purchasing work. (ventureburn.com) The financing points to investor interest in companies that sell the operating systems around research, not just the science itself. Quartzy said its customers range from seed-stage startups to public companies, giving it exposure to a broad slice of the biotech market. (tmcnet.com) Quartzy has been around since 2011, according to Y Combinator and the company’s public profiles. Y Combinator lists the company as active, based in Hayward, with about 100 employees. (ycombinator.com) Public company databases show Quartzy had raised earlier venture funding before this new round. Crunchbase lists the April 2026 deal as debt financing, which suggests the $23 million was structured differently from a standard equity round. (crunchbase.com) BroadOak partner Bill Snider said in the company’s announcement that Quartzy already serves thousands of research labs and suppliers. The next test is whether that extra capital helps it turn lab purchasing into a more centralized, repeatable workflow. (markets.financialcontent.com)
