SC Launch Inc. invests in SiteLabs
October 10, 2023
Daniel Gambrell, investment associate, SCRA, Darren Schaupp, co-founder and CEO, SiteLabs
South Carolina Research Authority’s investment affiliate, SC Launch Inc., has invested in SiteLabs. The $250,000 investment will help the Seneca-based startup scale its point-of-care testing platform for independent pharmacies. The platform enables them to offer a complete testing solution from scheduling to payments, testing supplies, and a secure patient portal.
SiteLabs became an SCRA Member Company in May of this year and an SC Launch Inc. Portfolio Company with this investment.
Seeing the need for more access to affordable health care, SiteLabs equips independent pharmacies with services patients need in their neighborhoods. Their testing platform allows pharmacists to test for common conditions, including diabetes, high blood pressure, high cholesterol, strep throat, and others.
SCRA Investment Associate Daniel Gambrell said, “By providing the test kits and the testing platforms to manage patient testing, SiteLabs has made patient-centered health care services turn-key for pharmacies. This is a game-changer in simplified preventive care.”
“We have a team of professionals with diverse backgrounds in the health care industry, but our common mission is our deep commitment to customers. We know our solution is working, and having trusted partners like the teams at SCRA and SC Launch Inc. gives us the support we need to continue growing,” said SiteLabs CEO Darren Schaupp.
“We look for startups that are making a difference in the lives of others, and SiteLabs is an excellent example of this,” said SCRA Executive Director Bob Quinn. “What the SiteLabs team has created is innovative, but it’s also customer-focused with the ease for patients’ use in mind.”
SiteLabs is also invested in patient education and recently published ‘The Importance of Regular A1C Tests for Patients with Diabetes’ on their blog. A1C testing is just one of the many test kits they provide to pharmacies.
About SC Launch Inc.
Established in 2006, SC Launch Inc. is the investment affiliate of the South Carolina Research Authority. The independent, nonprofit corporation provides convertible loans and investment funding to qualifying SCRA Member Companies. The returns on this funding provide additional coaching and grants to next-generation technology startups.
About SCRA
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority fuels the state’s innovation economy through the impact of its comprehensive services to technology-based startups, academia, and industry. SCRA provides funding and support to accelerate the growth of academic startups; high-quality lab and administrative workspaces; facilitation and funding for partnerships between and among industry, startups, and academic institutions; assistance and funding for the relocation of technology-based companies to South Carolina; and coaching and funding for startups that may also receive investments from its affiliate, SC Launch Inc.
