Battery Ventures, a global, technology-focused investment firm, has made a significant, majority investment in Titian Software Ltd, a UK company that develops innovative sample-management software and related services for life-sciences laboratories.
Specific terms of the deal have not been disclosed.
Titian will use the new funds to support organic growth as well as potential future acquisitions.
Titian’s founder, Edmund Wilson, retains a meaningful ownership stake in the company and will remain closely involved in leading the business going forward.
Titian’s Mosaic helps researchers better manage and automate critical processes, allowing its customers to maximise research efficiency and speed up the discovery and delivery of new drugs.
