Quartzy
“Can a lab-management SaaS become the dominant procurement and trade-credit rail for life-sciences R&D spend?”
Founded2011
HQHayward, California, USA
FoundersJayant Kulkarni, Adam Regelmann
Total raised$24M+ (disclosed)
Latest roundSeries B, 2016
IndustryVertical SaaS / Life Sciences Lab Management
The story
Quartzy began as a free lab-inventory/order-tracking SaaS for academic labs. By 2018 it pivoted into a two-sided marketplace (Quartzy Shop) that monetizes the transaction rather than the software seat. It now blends vertical SaaS (inventory, requests, punchout, accounting integrations) with a distribution/marketplace business — extending trade credit to labs on large orders (with Nuvo-based KYB/underwriting) is the natural embedded-finance layer on top of that marketplace.
Product timeline
2011
Founded at Y Combinator by Kulkarni and Regelmann as lab supply management tool· launch
2015
Partnered with Stanford University for campus-wide lab supplies procurement· partnership
2016
Raised $17M Series B to build up supply-side marketplace· funding
2018
Launched Quartzy Shop marketplace for direct product ordering· product
2025
Introduced BioPASS managed procurement service and Nuvo-powered credit onboarding· product
The stack
4 layers disclosed in Quartzy’s embedded-finance stack
Payments / PSP
Lending
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
6 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.