BioSpace.com Raises Over $10 Million in Series B Financing
SAN FRANCISCO, Aug. 24 /PRNewswire/ -- BioSpace.com, the global hubsite for the life sciences industry, today announced it has closed a second round of financing totaling over $10 million. Investors in the round include Alloy Ventures, Brentwood Venture Capital, Integrity Partners, Lombard Investments and Affiliates, Sanderling Ventures, Sequoia Partners and Sofinnova Ventures. "We're delighted with the results of our second round," said Scott Clarke, CEO of BioSpace.com. "We raised more than our original goal by combining new investors with the partners that were key contributors in our first round. This is both a tremendous validation of our model and a significant vote of confidence to our progress thus far." The company has also released figures today revealing that the number of unique visitors to its hubsite has tripled since January of this year to a current rate of more than 600,000 per month. BioSpace.com tracks over 2.2 million page views on its site every month. Since the launch of its website in 1995, BioSpace.com has invested over $14 million in building a global hubsite that offers a range of services targeting what the company has defined as the basic needs of the life sciences industry: information, products & services, people, and capital. In addition to creating one of the Internet's most comprehensive life sciences-related information and service resources, BioSpace.com has worked in conjunction with the National Institutes of Health (NIH) to develop an award-winning end-to-end e-commerce solution for the industry. The company was also recently chosen by the California Healthcare Institute (CHI) to design and host the organization's next generation Internet site. "This year has been one of setting and achieving milestones to expand the range of needs we fulfill for the industry, with the goal of creating a true one-stop content and commerce portal for the life sciences," said Mr. Clarke. "We believe that the continuing growth of our online community of users is a testament to the success of our efforts. We will continue to enhance the range and caliber of our services." About the Investors To find out more about the investment firms listed on the release, please visit their websites. Alloy Ventures: http://www.alloyventures.com Brentwood Venture Capital: http://www.brentwoodvc.com Lombard Investments: http://www.lombardinvestments.com Sanderling Ventures: http://www.sanderling.com Sofinnova Ventures: http://www.sofinnova.com About BioSpace.com BioSpace.com (http://www.biospace.com) is the global hubsite for the life sciences industry. The company provides a host of content and commerce services for the largest Internet community of life sciences professional, governmental and academic individuals and organizations. BioSpace.com attracts over 2.2 million page views per month from over 600,000 unique visitors seeking real-time industry news & information, exclusive content, investment data, company profiles, stock quotes, start-up resources, event listings, employment & real-estate services, and an innovative business-to-business (B2B) supply solution developed cooperatively with the National Institutes of Health (NIH). The company is dedicated to accelerating discovery in the life sciences by facilitating exchange crucial to the industry through the application of contextual commerce; an end-to-end e-commerce solution.RELATED LINKS
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