Quartzy's founders have deep expertise in the life sciences market. Jayant is a former neuroscientist, with a PhD from Cornell University and a degree in engineering from IIT (Madras). Adam has both an MD and a PhD from Columbia University, with an emphasis on immunology. Their talent and teamwork are where Quartzy got its start.
Quartzy becomes the first life-sciences startup to join Y Combinator, the prestigious Silicon Valley incubator of companies like Airbnb, Dropbox and Weebly. During YC we raised our seed financing from a group of prominent investors including SV Angel and the Life Sciences Angel Network.
We spend our first two years building the software that will make life better for lab managers and scientists around the world. Then we begin to spread the word. In 2013 we pass 25,000 global beta users and raise our Series A from the premier VC firm Khosla Ventures. This round includes capital from the CEO of Yelp, the former COO of Paypal, and other leading Silicon Valley angels.
Demand reaches critical mass, and in August of 2014 we officially launch the Quartzy Marketplace with a few key suppliers. Soon thousands of labs from across the country are buying from us.
Quartzy grows by leaps and bounds thanks to strong word-of-mouth: 70% of new sign-ups are referred to the site by other members, who give Quartzy a net promoter score (NPS) of 84. Enthusiastic adoption by the scientific community, and steady improvements to our software, propel us across the 100,000-user mark.
As demand grows, we add more suppliers to the Quartzy Marketplace and focus on unit economics. We close a major Series B, led by Eminence Capital and joined by Khosla Ventures and others.
Our Series B financing allows us to build out our sales team, and this month we cross $10 million in annualized sales. That's 100% of our sales at the same time in 2015.
Imagine joining Salesforce in 1999 or Dropbox in 2007. Is that crazy talk? We don't think so. We're building the central platform for the hottest industry of the 21st century. We power labs and biotech firms all over the world… and we're being adopted by more every day. Our outstanding product solves a real problem that matters to the future of world science, health and progress. We have a smart team that lives to solve problems and cares about making a difference. What's not to like?