LabCorp

Founded 1978

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 24
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 19
Rounds per year 0.56
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 2
Key employees Soon

Areas of investment

  • Health Care
  • Biotechnology
  • Health Diagnostics
  • Medical
  • Personal Health
Summary

LabCorp is the famous Corporate Investor, which was founded in 1976. The main office of represented Corporate Investor is situated in the Burlington. The venture was found in North America in United States.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. We can highlight the next thriving fund investment areas, such as Cloud Computing, Medical Device. Among the most popular portfolio startups of the fund, we may highlight Flatiron Health, ORIG3N, Navigating Cancer.

The fund is constantly included in 2-6 deals per year. The increased amount of exits for fund were in 2019. The high activity for fund was in 2019. Opposing the other organizations, this LabCorp works on 22 percentage points less the average amount of lead investments. Speaking about the real fund results, this Corporate Investor is 0 percentage points less often commits exit comparing to other organizations. Deals in the range of 10 - 50 millions dollars are the general things for fund. When the investment is from LabCorp the average startup value is 10-50 millions dollars.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the LabCorp, startups are often financed by General Catalyst, Hatteras Venture Partners, 180 Degree Capital. The meaningful sponsors for the fund in investment in the same round are Hatteras Venture Partners, GV, DEFTA Partners. In the next rounds fund is usually obtained by The Kraft Group, Spectrum Health Ventures, Hatteras Venture Partners.

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Related Funds

Funds investing in previous rounds
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Typical Co-investors
LabCorp is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after LabCorp:
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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

TrakCel

Clinical Trials
Collaboration
Supply Chain Management
1
03 Mar 2021 United Kingdom, Cardiff

Circuit Clinical

Clinical Trials
Internet
Product Research
Recruiting
Social Network
1
$7M02 Mar 2021 United States, Buffalo

Dorsata

Health Care
Information Services
Information Technology
Software
1
$5M09 Apr 2020 United States, Washington

PathAI

Health Care
Health Diagnostics
1
$15M04 Nov 2019 United States, Boston

Navigating Cancer

Health Care
Medical
Wellness
1
$26M17 Sep 2019 United States, Seattle

Boston MicroFluidics

Biotechnology
Health Care
Medical
Medical Device
1
$17M27 Aug 2019 United States, Boston

Sandstone Diagnostics

Health Care
Medical
Medical Device
1
$2M06 May 2019 United States, " United States"}

KIYATEC

Biotechnology
Health Diagnostics
Life Science
1
$3M01 May 2019 United States, Greenville

Mission Bio

Bioinformatics
Biotechnology
Genetics
Health Care
1
$30M13 Dec 2018 United States, San Francisco
News
TrakCel Fuels Growth and Increased Market Access Through Strategic Investment Round

– TrakCel, a leading supplier of cellular orchestration solutions supporting the cell and gene therapy industry, today announces that it has closed its latest funding round led by AmerisourceBergen and Labcorp (NYSE: LH).
– These strategic investments enable further transformation of TrakCel’s cellular therapy orchestration solution, growth of its existing partner ecosystem, and continued global expansion.
– The company will use both the investment and the combined expertise gained from collaborations with the investors to further augment its offering to both clinical and commercial-stage cell and gene therapy developers as part of its drive toward industry standardization and future innovation.

Presage Sets the Stage for Commercial Expansion with Closing of $13M Financing and Execution of New Phase 0 Trial Agreements with Merck and Maverick Therapeutics

– Presage Biosciences closed a $13m financing and commenced new research collaborations with Merck and Maverick Therapeutics.
– The financing includes $7m raised from new investors, including the LabCorp Venture Fund, Bristol Myers Squibb, and InHarv Partners Ltd.
– An additional $6m convertible note from Takeda Ventures will convert to equity.
– The proceeds from this financing will support expansion of Presage’s existing network of clinical sites in the U.S. and Australia, as well as development of next-generation CIVO microdose injection devices designed to access a wider spectrum of cancers.
– Presage has pioneered a new approach to early evaluation of investigational cancer drugs and combinations in clinical trials with a technology that enables detailed assessment of multiple drugs simultaneously in patients with solid tumors.

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