September 2021 – SmartLabs Continues to Gather Momentum with $250mm Series B Completion

September 2021 – SmartLabs Continues to Gather Momentum with $250mm Series B Completion

Avalon’s client, SmartLabs, has announced an additional capital raise of $250 million in Series B financing. The additional capital will be used to both expand their physical footprint, planning to scale operations to 2 million square feet within the next five years, and to launch an updated version of its proprietary laboratory operations system. SmartLabs has raised a total of $330 million of capital over the past 18 months to swiftly accelerate growth.

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