LabMinds

LabMinds develops, manufactures and sells next generation solutions for laboratory challenges with a particular focus on combining advanced laboratory products with leading edge usability and network technologies. The initial target market is research laboratories, but the technology also finds application in the pharma and health & fitness industry.

Total Funding

$6.2 M

Type

Private

Oxford, GB

Founded

2009

Size (employees)

15 (est)

Website

labminds.co

LabMinds was founded in 2009 and is headquartered in Oxford, GB

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LabMinds Office Locations

LabMinds has offices in Boston and Oxford

Oxford, GB (HQ)

57 Woodstock Rd

Boston, US

125 Lincoln St

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LabMinds Financials and Metrics

Summary Metrics

Founding Date	2009
Total Funding	$6.2 m
Latest funding size	$3.18 m
Time since last funding	3 years ago

LabMinds's latest funding round in February 2015 was reported to be $3.2 m. In total, LabMinds has raised $6.2 m

LabMinds Financials

Summary

GBP
Net income (FY, 2016)	(288.6 k)
Cash (31-Dec-2016)	9.2 k

Income Statement

GBP	FY, 2010	FY, 2011	FY, 2015	FY, 2016
EBITDA	(122.4 k)	(238.7 k)
EBIT	(122.7 k)	(239.8 k)
Pre tax profit	(122.7 k)	(239.8 k)	(180.6 k)	(562.7 k)
Income tax expense	5.1 k	22.5 k	26 k	274.1 k

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Balance Sheet

GBP	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	14.2 k	142.8 k	603 k	222.2 k	150 k	627.5 k	9.2 k
Accounts Receivable			80.9 k	390.9 k	45 k	31.6 k
Inventories							27.2 k
Current Assets	19.3 k	178.9 k	683.9 k	613.1 k	195 k	2.5 m	2.9 m