(Photo Courtesy of SCRA)
SC Launch Inc., the investment affiliate of the South Carolina Research Authority, has invested $300,000 in SiteLabs, Inc.
The Clemson-based health technology company is transforming independent pharmacies into neighborhood hubs for preventive care and clinical research.
The investment is part of SiteLabs’ $2 million Seed Round, led by Boomerang Ventures.
Officials said it reflects SC Launch Inc.’s continued confidence in SiteLabs’ scalable model for improving health-care access and supporting local businesses across South Carolina and beyond.
This SC Launch Inc. investment, as part of a broader fundraising initiative, exemplifies a commitment to strategic partnering that elevates startups to new levels of success, said SCRA Interim President and CEO Bill Kirkland.
Added Kirkland, “This initiative not only benefits SiteLabs but also contributes to job development and economic growth within our state.”
SiteLabs, Inc. became a SCRA member company in May of 2023 and an SC Launch, Inc. portfolio company when it received its first investment of $250,000 in October 2023.
Since then, SC Launch Inc. has supported SiteLabs’ growth from pilot programs in South Carolina to a national network of pharmacies equipped to deliver high-impact preventive care.
Officials said the company’s model not only expands patient access but also strengthens the economic sustainability of independent pharmacies through new revenue streams and patient engagement tools.
“We’re helping these pharmacies become an extension of care in their communities,” said Darren Schaupp, CEO of SiteLabs. “Our partnerships with health systems, health plans, and pharmaceutical companies focus on preventive care and access to research for any patient — especially at-risk populations — providing convenient access to screenings for diabetes, heart disease, cancer, and other conditions.”
Officials said with continued strategic participation from the Labcorp Venture Fund and new investment from Boomerang Ventures, SC Launch Inc.’s follow-on investment reinforces a strong confidence in SiteLabs.
Over the next 12 to 18 months, the company plans to scale its network from regional pharmacies to hundreds of sites nationwide.
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.
Officials say the returns on this funding provide the resources for additional investments in next-generation technology startups.
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.
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