Labscoop — an online marketplace like Amazon, but for research, clinical and industrial labs in many industries — has been “hyper-focused” on helping hospitals and other organizations procure laboratory supplies they need to fight the spread of COVID-19.
“So far, we’ve provided supplies to support over 2.5 million tests, and we anticipate continued growth,” the Little Rock company’s founder and CEO, Kundan Das, said in an email. “Our efforts are powered by the Labscoop Trusted Supplier Network, which has been cultivated and vetted over the past few years. Some of our manufacturers are also utilizing our trusted supplier network to source raw materials.”
The supplies include consumables, reagents, personal protective and other equipment and other materials.
Labscoop has been aiding those efforts since mid-February.
“The hospitals and other organizations ... expressed their urgent and dire need for assistance in securing resources to increase their testing capacity and ensure the safety of their health care workers,” Das said. “This is what we do; this is what we’re good at. So it was an easy decision to make the pivot.”
He said the company had already helped the U.S. Department of Veterans Affairs, U.S. Department of Defense, Broad Institute of Massachusetts Institute of Technology & Harvard, Stanford University and Children’s Hospital Colorado.
Labscoop was founded in 2014 and is a tenant of the Little Rock Technology Park. It has 22 web designers, software engineers and data managers, as well as fulfillment and customer service personnel. Leaders include COO Jordan Price and Johann Vidanage, director of vendor relations, who once worked for Google.
Das said Labscoop aims to streamline the ordering experience of labs, introduce them to innovative, cost-effective alternatives, and save them money.
The company is profitable; suppliers pay it a percentage commission per transaction, and each supplier contract is negotiated individually, he said.
The idea was born of Das’ experience establishing biotech startup Redoxica, and as a research assistant.
“I realized the significant and unique challenges associated with procuring lab consumables and equipment. This problem led to the founding of Labscoop: a streamlined, team-centric, scientific marketplace,” Das said. “I love solving problems through innovative, well-designed products, but it’s our customers, who are at the forefront of aerospace, biomedical research, agriculture and many other sectors, who we admire and are inspired by.”
He said Labscoop’s C-19 efforts would go on as long as they’re needed, but his team is also working on a second version of its web application and on a logistics AI system. It is considering an $8 million Series A funding round as well.