Science Exchange

Name

Science Exchange

Legal name

Science Exchange, Inc.

Website

http://scienceexchange.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Life Sciences R&D Procurement Software

NAICS

Scientific Research and Development Services (5417), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Clinical Trial Informatics (EDC/CTMS/eCOA/eTMF) (HLAGAJAM)

Keywords

• R&D procurement platform
• Scientific supplier marketplace
• Life sciences procurement
• Supplier orchestration software
• Preclinical research outsourcing

Headquarters

HQ city

Palo Alto

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform / Marketplace Transaction Fees: Science Exchange earns revenue from facilitating transactions between R&D buyers (biopharma companies) and scientific service suppliers on its marketplace platform. The platform provides supplier discovery, contracting, compliance, and payment processing services, with fees structured around the transaction volume processed through the platform. The company surpassed $1 billion in cumulative platform transactions in 2025.
2. Subscription / Enterprise Licensing: Enterprise biopharma customers access the platform under a master service agreement, typically with annual or multi-year contract terms. Customers gain access to the full platform including the supplier marketplace, workflow automation, payments, and analytics.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Science Exchange operates an R&D orchestration platform that connects life sciences organizations (enterprise biopharma and emerging biotech) with a pre-qualified network of 3,800+ scientific service suppliers through a unified marketplace. The platform automates supplier requests, approvals, compliance (GxP, HIPAA, SOC 2), contracting under a single master agreement, payments via Stripe, and provides AI-powered spend analytics and supplier insights for preclinical, clinical, and HEOR research.

Product overview

Science Exchange is an R&D orchestration platform — an intelligent infrastructure layer built specifically for life sciences supplier management. The platform operates as a unified ecosystem combining three natively connected layers: the network (access to 3,800+ pre-qualified, pre-contracted scientific service suppliers), the platform (execution via the R&D Marketplace, Workflows, Payments, Analytics, and Integrations modules), and intelligence (continuous optimization through AI). The core platform modules include the R&D Marketplace for supplier sourcing, Analytics for spend intelligence, Workflows for procurement automation, Payments for invoice and payment processing, Security & Compliance for regulatory coverage (SOC 2, ISO 9001, HIPAA, GDPR), Artificial Intelligence for supplier insights and anomaly detection, and Integrations for ERP/P2P connectivity. Additional add-on modules include Virtual Lab Manager (VLM) for dedicated procurement support, HEOR & Real-World Evidence for payer evidence generation, Preclinical R&D for discovery acceleration, and Clinical Research for trial vendor coordination. The March 2025 acquisition of HappiLabs added scientific procurement software capabilities for lab consumables. Interactive tools include the Discovery Tax Calculator and Enterprise Buyer's Guide to Scientific Operations Software. The platform's AI Charter outlines responsible AI practices. Recent product expansions in 2025 added clinical and HEOR capabilities along with AI-powered workflow automation features.

Differentiator

Problem solved

Functional benefit

Products and services

• Science Exchange R&D Orchestration Platform A SaaS platform connecting enterprise biopharma and emerging biotech R&D teams with 3,800+ pre-qualified, pre-contracted scientific service suppliers under a single master agreement, with workflow automation, AI-powered supplier normalization, integrated payments, and ERP/P2P integrations (SAP Ariba, Coupa, SAP, Oracle).
• Virtual Lab Manager (VLM) A dedicated procurement support service where Virtual Lab Managers work directly with scientific teams to handle purchasing, supplier management, and payment processing, freeing scientists to focus on research. Designed for emerging biotech and lean R&D organizations that lack dedicated procurement staff.
• HappiLabs Scientific procurement software for lab consumables and small-to-mid-sized life sciences customers, acquired by Science Exchange in March 2025 to expand sourcing capabilities for emerging biotech and smaller R&D organizations.

Quantifiable outcome

• 66% year-over-year growth in gross marketplace volume in 2025, surpassing $1 billion in cumulative platform transactions.
• +10 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability8 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• HappiLabscoreStrategic or Co-development Partner · 1 March 2025In March 2025, Science Exchange acquired HappiLabs, a Chicago-based scientific procurement software company. The acquisition strengthens Science Exchange's sourcing expertise for lab consumables and small-to-mid-sized life sciences customers, expanding the platform's capabilities in scientific procurement.
• StripecoreTechnology or IntegrationStripe is used as the third-party payment processor for credit card transactions on the Science Exchange platform. Stripe handles payment card processing; Science Exchange does not directly collect or store payment card information.
• SAP AribacoreTechnology or IntegrationScience Exchange integrates with SAP Ariba as a procure-to-pay (P2P) system, enabling seamless data flows between the Science Exchange platform and enterprise ERP/P2P systems used by customers.
• CoupacoreTechnology or IntegrationScience Exchange integrates with Coupa as a procure-to-pay (P2P) system, enabling organizations to digitize supplier budgets and quotes upstream, with line-item data ingested, structured, and integrated directly into Coupa.
• DataRep (EU Data Protection Representative)minorOthersScience Exchange has appointed DataRep as its EU Data Protection Representative for GDPR compliance purposes in the EU/EEA and UK, enabling customers and users to exercise their data portability and data management rights.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Scientist.com: Scientist.com operates a marketplace connecting pharmaceutical and biotech researchers with pre-vetted contract research organizations and scientific service providers — the closest direct competitor to Science Exchange's R&D marketplace, serving the same biopharma procurement use case.
• ZAGENO: ZAGENO operates an online marketplace for life science research products, comparing SKUs across hundreds of suppliers for biotech and academic buyers — overlapping with Science Exchange's supplier discovery and consumables procurement capabilities.
• Quartzy: Quartzy provides lab supply ordering and inventory management software for academic and biotech labs, competing in the lab consumables procurement space that the HappiLabs acquisition now addresses for Science Exchange.

Emerging players

• Labviva: Labviva provides an AI-powered procurement platform for life sciences lab supplies, reagents, and instruments — directly competing with the HappiLabs/Science Exchange consumables procurement motion for small-to-mid-sized biotech customers.

Broad incumbents

• SAP Ariba: SAP Ariba is the dominant horizontal procurement and P2P platform, integrated directly with Science Exchange but also identified as a competitor by Science Exchange's own materials — represents the broader generic procurement threat Science Exchange must defend against.
• Coupa Software: Coupa is a broad business spend management platform that integrates with Science Exchange for downstream procurement processing and competes in supplier orchestration, though not purpose-built for life sciences R&D compliance.
• ServiceNow: ServiceNow is a broad enterprise workflow and supplier management platform explicitly cited by Science Exchange as a horizontal incumbent whose orchestration tools were not built for regulated life sciences R&D.
• Jaggaer: Jaggaer is an enterprise procurement and supplier management platform with deep verticals including life sciences — competing with Science Exchange for enterprise R&D procurement wallet share among large biopharma.

Others

• BioIVT: BioIVT is a major biospecimen and biological products supplier that has launched a direct punchout integration with Science Exchange — both a supplier-partner and a potential disintermediation vector as suppliers build direct procurement channels.
• Charles River Laboratories: Charles River Laboratories is a leading CRO and preclinical services provider that partnered with Science Exchange on joint webinars — a supplier-partner in the marketplace and a competitor for direct enterprise CRO procurement spend.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/scienceexchange
• LinkedInlinkedin.com/company/science-exchange
• Xx.com/scienceexchange

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Science Exchange