Benchling Revenue, Valuation, Funding & Investors

Benchling is valued at $6.1B as of November 2021. Benchling revenue was $50M, as disclosed with its April 2021 round.

Last Benchling valuation

$6.1B

Series F · Nov 2021

Last Benchling funding round

$100M

Series F · Nov 2021

Benchling revenue

$50M

Series E · Apr 2021

Key investors in Benchling

  • Thrive Capital
  • Benchmark
  • Menlo Ventures
  • Y Combinator
  • Andreessen Horowitz
  • Lux Capital

Benchling Overview

About Benchling

Benchling is a software company that sells a cloud R&D platform to life sciences and biotechnology organisations. The platform brings electronic lab notebooks, sequence design and molecular biology tools, sample and inventory registries, workflow management and data analysis into one system of record for scientific work. Customers are pharmaceutical and biotechnology companies, agricultural and industrial biology firms, and academic laboratories, which pay recurring subscriptions for access. Benchling also offers a developer platform with APIs for connecting laboratory instruments and other systems, and has added artificial intelligence tools to its product through acquisitions. The company was founded in 2012 by Sajith Wickramasekara and Ashu Singhal and is headquartered in San Francisco, California. It is privately held and backed by venture and growth investors.


Founded

2012

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$50M (Apr 2021)

Valuation

$6.1B (Nov 2021)

Benchling Valuation

Benchling is currently valued at $6.1B, based on its Series F in November 2021. Read the announcement ↗

The $100M round was led by Altimeter Capital and Franklin Templeton, with participation from Lone Pine Capital.

Benchling's valuation has grown 7.2x from $850M at its Series D in May 2020 to $6.1B in November 2021, across 3 priced rounds.

Benchling valuation by funding round

Revenue multiple
Benchling valuation by funding round
DateStageValuationRevenue Multiple
Nov 2021Series F$6.1B-
Apr 2021Series E$4B80.0x
May 2020Series D$850M40.5x

Benchling Revenue

Benchling's latest recorded revenue is $50M, as of its Series E in April 2021. At a $4B valuation, that implies a 80.0x revenue multiple.

Revenue grew from $21M in May 2020 to $50M in April 2021, while the revenue multiple moved from 40.5x to 80.0x.

Benchling revenue by funding round

Benchling revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2021$50M$4B80.0xSeries E
May 2020$21M$850M40.5xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Benchling Funding History

Benchling has raised a total of $412M across 8 funding rounds.

Benchling's first fundraising round was a $900K seed round in February 2014. The most recent completed round was a $100M Series F in November 2021.

Benchling funding rounds

Benchling funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Series FAltimeter Capital (lead); Franklin Templeton (lead); Lone Pine Capital$100M$6.1BAltimeter Capital and Franklin Templeton co-led a $100 million Series F in Benchling in November 2021 at a valuation of $6.1 billion, with Lone Pine Capital and Tiger Global among the investors. The round followed a $200 million Series E in April 2021 and, per the company, gave Benchling the capital to build out its product, including capabilities for early development and RNA therapeutics, and to expand in Europe, the Middle East and Africa. Benchling said it recorded triple-digit year-over-year revenue growth in its most recent fiscal quarter, a 70% increase in customer count and a best-in-class dollar-based net expansion rate. Benchling operates a cloud R&D platform for biotechnology and life sciences companies that brings experiments, sequences, samples and workflows into one system, with customers such as Gilead Sciences, Sanofi and Regeneron. The company was founded in 2012 by Sajith Wickramasekara and Ashu Singhal and is headquartered in San Francisco.
Apr 2021Series ESequoia Capital (lead); ICONIQ Capital; Menlo Ventures; Lead Edge Capital; Spark Capital; Lux Capital; Byers Capital; Benchmark; Altimeter Capital; Thrive Capital; Alkeon Capital$200M$4BBenchling, a San Francisco-based life sciences R&D cloud platform, provides cloud-based software that enables scientists in biotech, biopharma, agriculture, and other industries to track findings, collaborate, and accelerate research and development processes. The platform supported Covid-19 antibody treatments and serves over 150 enterprises, 300,000 scientists, and 1,000 R&D organizations across medicine, agriculture, materials, food, consumer packaged goods, and energy. On April 14, 2021, Benchling raised $200 million in its Series E funding round, achieving a $4 billion post-money valuation and unicorn status. The round was led by Sequoia Capital Global Equities, with participation from Altimeter Capital, Byers Capital, Elad Gil, and existing investors including Thrive Capital, Benchmark, Menlo Ventures, Alkeon Capital, ICONIQ, Lux Capital, Spark Capital, and Lead Edge Capital. This brought total funding to approximately $350 million, positioning the company closer to an IPO. Benchling's revenue exceeded $50 million in 2020, doubling from 2019, with annual recurring revenue (ARR) doubling for the fourth consecutive year. The funds were earmarked for aggressive investment in product development, global expansion, and supporting enterprise customers in therapeutic research verticals. The Series E followed a $50 million Series D in 2020 led by Alkeon Capital. A subsequent Series F round in November 2021 raised $100 million at a $6.1 billion valuation, co-led by Altimeter Capital and Franklin Templeton, with new investors Tiger Global and Lone Pine Capital, to further product development and EMEA expansion.
May 2020Series DAlkeon Capital (lead); ICONIQ Capital; Menlo Ventures; Spark Capital; Lux Capital; Benchmark; Thrive Capital$50M$850MBenchling is a life sciences R&D cloud platform that provides end-to-end software for biotech companies to manage research, development, collaboration, and data. It serves scientists at organizations developing therapeutics, sustainable products, and more, with customers including Gilead and Sanofi. The platform supports advanced product capabilities and international expansion. On May 28, 2020, Benchling closed a $50 million Series D funding round led by Alkeon Capital, with participation from new investors Spark Capital, Lux Capital, and ICONIQ Partners, plus existing investors Benchmark, Thrive Capital, and Menlo Ventures. CEO Saji Wickramasekara told Forbes the round brought total funding to $114 million at an $850 million valuation. The capital was intended to develop advanced product capabilities and expand international presence, including opening an office in Zurich, Switzerland. In 2020, Benchling doubled its annual recurring revenue and added over 150 new users amid the COVID-19 pandemic. By the following year, revenue exceeded $50 million, doubling from the prior year. The company continued raising capital, with a $200 million Series E in April 2021 at $4 billion valuation led by Sequoia Capital Global Equities, and later rounds including Series F.
Jul 2019Series CMenlo Ventures (lead); Y Combinator; Lead Edge Capital; Benchmark; Thrive Capital$35M-Menlo Ventures led a $34.5 million Series C in Benchling in July 2019, with new investors Lead Edge Capital and Y Combinator Continuity and existing investors Benchmark and Thrive Capital also participating. Benchling said the funds would support global growth, product expansion and commercial partnerships. The company reported that revenue and customer count had roughly tripled since its Series B in June 2018 and that more than 170,000 scientists used the platform. Benchling sells a cloud platform for life sciences research and development that replaces paper notebooks and disconnected tools with a single system for experiments, sequences, samples and collaboration. Its customers include pharmaceutical and biotechnology companies as well as universities. The round followed a $7 million Series A in October 2016 and a $14.5 million Series B in June 2018. Benchling was founded in 2012 by Sajith Wickramasekara and Ashu Singhal and is headquartered in San Francisco.
Jun 2018Series BBenchmark (lead); F-Prime; Thrive Capital$15M-Benchling, a data management and collaboration platform for life sciences research, closed a $14.5 million Series B funding round on June 14, 2018, led by Benchmark with participation from F-Prime Capital and Thrive Capital. Benchmark General Partner Eric Vishria joined the board of directors. The funding supports accelerated product development, team growth, and expansion of its customer base among pharmaceutical, biotech, and academic users including Regeneron Pharmaceuticals, Incyte, Editas Medicine, Agenus, Zymergen, Obsidian Therapeutics, Harvard, MIT, UC Berkeley, and Stanford. At the time, over 100,000 scientists used the platform across enterprises and academia. The company reported 500% year-over-year ARR growth and a tripling of its customer base since its prior 2016 round.
Oct 2016Series AThrive Capital (lead); Andreessen Horowitz; Section Partners$7M-Benchling, a cloud-based R&D software platform for life sciences including lab notebooks, LIMS, and molecular biology tools, raised $7 million in funding on October 24, 2016, led by Thrive Capital with participation from Andreessen Horowitz and angels including Y Combinator's Geoff Ralston, Sequoia's Matt Huang, Tencent's David Wallerstein, and Ashton Kutcher. This brought total funding to over $13 million. The platform served over 40,000 scientists across more than 10,000 academic institutions and 150 companies. Funds were allocated to expand scientific operations, broaden development into more therapeutic areas, and enhance the platform's comprehensiveness, with a planned release bridging structured and unstructured scientific data. Thrive Capital investor Miles Grimshaw highlighted Benchling's potential as leading collaboration software for researchers, akin to Greenhouse and GitHub in other sectors.
Apr 2015SeedAndreessen Horowitz (lead); Kevin Mahaffey; Natalie Carnegie; Thrive Capital; Rogue Capital$5M-Andreessen Horowitz led a $5 million seed round in Benchling in April 2015, with Thrive Capital, Rogue Capital and individual investors Kevin Mahaffey and Natalie Carnegie also participating. Andreessen Horowitz said the money would be used to scale the company's operations. The round came a year after Benchling's first seed funding from Y Combinator, SV Angel, Founders Fund and Draper Associates. Benchling builds cloud software for life scientists, covering DNA design and analysis, electronic lab notebooks and collaboration, and had started offering its core tools free to academic researchers. The a16z announcement framed the market as the large annual spend on laboratory research that is still run on desktop software and paper. Benchling was founded in 2012 by Sajith Wickramasekara and Ashu Singhal and is based in San Francisco.
Feb 2014SeedSV Angel; Y Combinator; Founders Fund; Draper Associates$900K-Y Combinator, SV Angel, Founders Fund and Draper Associates invested in Benchling in a seed round of about $900,000 in February 2014, alongside other angel investors. Benchling was a Y Combinator company from the 2012 batch, and the round followed its launch of browser-based software for biologists. The funds were intended to extend the product beyond DNA design and analysis into broader tools for laboratory research. Benchling offers cloud software that lets scientists design and edit DNA sequences, keep electronic lab notebooks and collaborate on experiments, replacing desktop tools and paper records. Its customers at the time were academic labs and early biotech teams, and the product was free to academic users. The company was founded in 2012 by Sajith Wickramasekara and Ashu Singhal and is headquartered in San Francisco.

Who has invested in Benchling?

23 investors have backed Benchling across its funding rounds, including Thrive Capital, Benchmark, Menlo Ventures, Y Combinator, Andreessen Horowitz and Lux Capital.

Lead investors include Altimeter Capital, Franklin Templeton, Sequoia Capital, Alkeon Capital, Menlo Ventures and 3 other investors.


Benchling Investors

Investors in Benchling by funding rounds participated
InvestorHQRoundsRoleFirst check
Thrive CapitalUnited StatesNew York City, NY6LeadApr 2015
BenchmarkUnited StatesSan Francisco, CA4LeadJun 2018
Menlo VenturesUnited StatesMenlo Park, CA3LeadJul 2019
ICONIQ CapitalUnited StatesSan Francisco, CA2ParticipantMay 2020
Y CombinatorUnited StatesSan Francisco, CA2ParticipantFeb 2014
Lead Edge CapitalUnited StatesNew York City, NY2ParticipantJul 2019
Spark CapitalUnited StatesSan Francisco, CA2ParticipantMay 2020
Lux CapitalUnited StatesNew York City, NY2ParticipantMay 2020
Altimeter CapitalUnited StatesMenlo Park, CA2LeadApr 2021
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadApr 2015
Alkeon CapitalUnited StatesNew York City, NY2LeadMay 2020
SV AngelUnited StatesSan Francisco, CA1ParticipantFeb 2014
Lone Pine CapitalUnited StatesGreenwich, CT1ParticipantNov 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Benchling

Benchling has acquired 4 companies to date.

Last acquisition by Benchling was on August 20th 2025. Benchling acquired ReSync Bio for undisclosed valuation.


Latest Acquisitions by Benchling

ReSync Bio
Sphinx Bio
PipeBio
Overwatch Research
Description
ReSync Bio is a scientific software company supplying biopharmaceutical firms with tools to expedite drug discovery. The solutions integrate data analysis pipelines for target identification, validation, and compound screening processes.
Sphinx Bio is a software company that built an analysis platform for scientists working with experimental data. The platform lets researchers examine and act on results as they arrive, so they spend less time switching between tools and cleaning data afterwards. Its customers are biotechnology and pharmaceutical research teams that generate laboratory data. The company was led by founder Nicholas Larus-Stone. It was an early-stage startup that sold software to laboratories and was acquired by Benchling in 2025, when its team and technology were folded into the Benchling R&D platform. Its software was aimed at scientists who wanted analysis and decision support inside the same environment where they recorded experiments. After the acquisition, its technology and team joined Benchling to support the artificial intelligence features of the R&D Cloud.
PipeBio is a bioinformatics platform accelerating antibody discovery and optimization for biopharma developers targeting oncology and immunology therapeutics. Boston-based and launched in 2021, it offers cloud-based tools for sequence analysis, structural modeling via AlphaFold integration, and affinity maturation simulations using datasets from 10,000-plus therapeutic antibodies. PipeBio partners with contract research organizations to streamline hit-to-lead workflows, reducing design cycles by processing gigabytes of NGS data from hybridoma and phage display screens.
Overwatch Research is a developer of experimental tracking software tailored for VivoQuant users in preclinical research. The platform streamlines data management, reduces manual errors, and facilitates lab collaboration for animal model studies. Headquartered in the United States, it targets biomedical researchers conducting physiological and imaging experiments.
HQ CountryUnited StatesUnited StatesDenmarkUnited Kingdom
HQ City
San Francisco, CA
San Francisco
Horsens
Belfast
Deal Date20 Aug 202520 Aug 202520 Oct 202424 Feb 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Benchling Competitors

Benchling competitors include listed companies like Glaukos, United Imaging, ICON plc and Schrödinger, and private ones like Cityblock Health and Commure.

Public and private companies comparable to Benchling
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GlaukosUnited StatesUnited StatesPublicly listed$507M($157M)$14B19.1x
United ImagingChinaChinaPublicly listed$2.1B$369M$14B5.7x
ICON plcIrelandIrelandPublicly listed$8.3B$816M$16B2.3x
SchrödingerUnited StatesUnited StatesPublicly listed$256M($96M)$2B7.1x
Cityblock HealthUnited StatesNew York City, NYPrivate$2.2B-$5.7B-
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x

Benchling Public Comps

Benchling is still privately-owned, but its public comps include Doximity, Waystar, BillionToOne, CCC Intelligent Solutions, M3 Inc., Adaptive Biotech, 10x Genomics, Oxford Nanopore Technologies, Privia Health and InSilico Medicine Cayman.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Doximity$645M$229M8.0x7.8x22.6x15.4x
Waystar$1.1B$390M6.1x5.3x17.1x12.6x
BillionToOne$305M$12M16.2x11.5x411.5x74.2x
CCC Intelligent Solutions$1.1B$238M5.4x5.0x23.8x11.8x
M3 Inc.$2.2B$467M3.2x3.0x15.5x12.1x
Adaptive Biotech$277M($39M)15.6x14.9x(110.1x)769.5x
10x Genomics$643M($16M)13.5x13.9x(536.7x)(129.6x)
Oxford Nanopore Technologies$299M($133M)9.1x7.8x(20.5x)(44.9x)

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Common questions about Benchling

When was Benchling founded?Benchling was founded in 2012.
Where is Benchling headquartered?Benchling is headquartered in San Francisco, CA, United States.
Is Benchling publicly listed?No, Benchling is a private, VC-backed company.
What is Benchling's valuation?Benchling was last valued at $6.1B in its Series F in November 2021.
How much funding has Benchling raised?Benchling has raised $412M across 8 funding rounds.
What was Benchling's last funding round?Benchling's last funding round was a $100M Series F in November 2021, led by Altimeter Capital and Franklin Templeton.
Who are Benchling's investors?Benchling's investors include Thrive Capital, Benchmark, Menlo Ventures, ICONIQ Capital, Y Combinator, Lead Edge Capital, Spark Capital, Lux Capital, Altimeter Capital, Andreessen Horowitz and 13 others.
What is Benchling's revenue?Benchling's latest recorded revenue is $50M (April 2021).
What is Benchling's revenue multiple?Benchling's latest valuation implies a 80.0x revenue multiple ($4B valuation on $50M of revenue).
Which companies are comparable to Benchling?Companies comparable to Benchling include Glaukos, United Imaging, ICON plc, Schrödinger, Cityblock Health and Commure.
How many companies has Benchling acquired?Benchling has acquired 4 companies, including ReSync Bio, Sphinx Bio, PipeBio and Overwatch Research.

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