Company Research Report: HappiLabs

Company Overview

Name and Mission

HappiLabs
Mission Statement: To improve the happiness of scientists and the quality of their research.

Foundation and History

• Founded in 2012

• Founded by Tom Ruginis, the CEO and Virtual Lab Manager, formerly a scientist and lab manager.

Key People

• Tom Ruginis - CEO & Virtual Lab Manager

• Elizabeth Varhegyi, PhD - Head of eCommerce

• Haley Grimm, PhD - Head of VLM Services

• Rachel Ruginis - VP of Operations

• Mark Winkler - VP of Technology

• Key managers include PhDs with diverse expertise in science and management.

Headquarters

• 2242 W Harrison St, Mailbox 15, Chicago, IL, USA 60612

Number of Employees

• 25 team members

Revenue

• Managed a total lab spend of $97 million in 2023

Company Highlights

• Known for the Virtual Lab Manager service, providing lab and finance operation support to scientists.

Products

Product Offerings

HappiLabs offers a range of services aimed at enhancing lab efficiency:

Virtual Lab Manager

• Description: An outsourced lab management service allowing scientists to focus on research while the company handles the logistics, procurement, and regulatory tasks.

• Key Features:

• Lab procurement and purchasing process management.

• Price comparison and product research to ensure cost efficiency.

• Supplier relations and management of customer service issues.

• ETA and logistics coordination with a custom app for tracking orders.

• Bookkeeping and accounts payable support tailored to lab operations.

• Environmental Health and Safety (EH&S) compliance support.

Software Tools

• ETA Dashboard and Lab Spending Dashboard: Facilitate efficient lab management and financial visibility.

Recent Developments

Business Developments

• Received a $120,000 investment from Y Combinator in 2018.

New Products and Partnerships

• Actively developing new internal software tools aimed initially for in-house use, with plans for future external offerings.

• Exploring hardware and software solutions for future scientific advancements.

Corporate Initiatives

• HappiLabs has been actively supporting inclusion and diversity, celebrating various community initiatives and participating in events such as Indigenous Peoples Day and Global Diversity Awareness Month.

• Promotion of sustainability through initiatives such as donations to the Forest Stewardship Council in connection with product sales.

Notable Comments on Performance

• Praised by industry clients as a value-add to biotech startups, contributing significantly to operational efficiency and cost savings.

Conclusion

HappiLabs positions itself as an essential partner for lab operations, focusing on providing expert management services to facilitate the scientific mission of its clients. Ensuring cost efficiency, operational accuracy, and regulatory compliance are hallmarks of their service suite.