Science Warehouse
Spend and procurement management software.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 4.0x EV/Revenue 0.1x EV/EBITDA | round | |
| N/A | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 5 % | (9 %) | 10 % | 3 % | (11 %) | 12 % | 19 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (9 %) | 5275 % | 10 % | 37 % | 11 % | 21 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (5 %) | 9 % | 6 % | 31 % | 18 % | 13 % | 53 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Science Warehouse Ltd. originated in 2000 as a spinoff from the University of Leeds, founded by Dr. David Hames. Initially conceived by Dr. Hames, a research scientist, the platform's primary goal was to simplify the procurement of goods and services for his own research group. The company evolved from this specific need into a comprehensive, cloud-based procurement platform catering to a wide array of sectors.
The firm's business model is centered on providing Software-as-a-Service (SaaS) e-procurement solutions. It generates revenue by offering web-based procurement, catalogue, and spend analysis tools that help client organizations manage their purchasing cycle, reduce costs, and ensure compliance. Unlike providers that only supply the tools, Science Warehouse distinguished itself by offering a fully managed service, handling data management on behalf of its customers. The company serves a diverse client base across both the public and private sectors, including higher education, healthcare (such as the NHS), biopharma, and manufacturing.
The core product, formerly known as Science Warehouse Marketplace and now called Advanced Cloud Marketplace, is an e-marketplace integrating with leading ERP and finance systems. This platform provides end-users with access to millions of products, streamlining the ordering process. Key features include spend analytics for visibility into on- and off-contract spending, sourcing tools to guide strategic procurement, and robust procurement functionalities to manage requisitions, purchases, and invoices with a full audit trail. By consolidating purchasing and providing deep spend visibility down to the invoice line-item level, the system enables organizations to identify savings opportunities, improve contract negotiations, and reduce maverick spending. In March 2018, the company was acquired by the enterprise software firm Advanced for £16 million, a move designed to bolster Advanced's cloud-first strategy and enhance its enterprise resource planning (ERP) offerings.
Keywords: e-procurement, spend management, source-to-settle, procurement software, SaaS, spend analytics, P2P, strategic sourcing, catalogue management, contract management, ERP integration, purchase-to-pay, procurement intelligence, managed catalogue solutions, supplier management, cost savings, purchasing compliance, invoice management, requisition management, Advanced Cloud Marketplace