Harbottle & Lewis has advised London-based sharing platform for life sciences, Clustermarket, on its seed investment round from business angels from the Angels in MedCity programme and the London Co-Investment Fund.
Clustermarket is an online platform, allowing life science experts, companies and institutions to share their technology and infrastructure with their peers. On top of that, whole scientific services can be offered on the platform. Clustermarket’s goal is to support scientists in their research by giving them access to existing resources and by making it financially sustainable.
The investment will help Clustermarket to grow its business and establish the company in the “Golden Triangle” (Cambridge, London and Oxford). The company aims also to expand its platform within the UK, and develop complementary features on the platform.
Johannes Solzbach, Clustermarket CEO, said: “I’m thrilled to see our investors backing our mission to break down the barriers to entry for science start-ups by democratising scientific research. This investment is helping us offer scientists more and better collaboration opportunities in the UK.”
Anthony Clarke, LBA CEO, commented: “The Clustermarket platform provides medical equipment holders with a means to make additional revenue through their under-utilised assets and provides a net benefit to the whole life sciences eco-system.”
On working with Harbottle & Lewis, Johannes Solzbach, Clustermarket CEO commented: “Tony Littner, Tom Macleod and Jamie Feldman were of immense help during the whole process of this first funding round. Their advice and support were crucial from the very beginning and made it easy for us to close the round on time.”
Tony Littner, Head of Harbottle & Lewis’ Start-up and Venture Capital Group led the team that advised on the transaction with support principally from Tom Macleod (Corporate) and Jamie Feldman (Employment).