Quartzy, a Hayward, CA–based vertically integrated procurement platform for the life sciences industry, has secured $23 million in financing.
Investors
Avenue Capital Group and BroadOak Capital Partners provided the financing.
Avenue Capital Group is a global investment firm with approximately $10 billion in assets under management. The firm focuses on specialty lending, opportunistic credit, and special situations investments across the United States, Europe, and Asia. Headquartered in New York, it has a significant international presence spanning Europe, Asia, and Abu Dhabi.
BroadOak Capital Partners is a life sciences–focused investment and advisory firm serving companies in the research tools and consumables, diagnostics, and biopharma services sectors. BroadOak has led or participated in investments in more than 75 companies across multiple funds and investment vehicles.
Quartzy Use of Funds
The company will use the funds to support platform innovation, expand its supplier network, enhance customer experience, and strengthen go-to-market capabilities.
About Quartzy
Quartzy is a vertically integrated procurement platform designed for life sciences organizations. The platform provides scientists, lab managers, and procurement teams with greater visibility and control over lab operations. Quartzy combines inventory management, request workflows, approvals, purchasing, and integrations with leading research tools, backed by its own warehouse infrastructure and private-label products. It also operates a marketplace offering access to millions of products from a broad supplier network, ensuring reliability, competitive pricing, and efficient fulfillment.
Funding Details
Company: Quartzy, Inc.
Raised: $23.0M
Round: Not disclosed
Funding Date: April 2026
Lead Investor: Avenue Capital Group, BroadOak Capital Partners
Additional Investors:
Company Website: https://www.quartzy.com/
Software Category: Life Sciences Procurement / SaaS / Lab Management Software
Source: https://www.businesswire.com/news/home/20260413482610/en