Science Inc. is a Los Angeles-based startup studio that develops, invests in, and acquires various businesses. Science Inc. invests money and offers expertise to bring companies to profitability. In 2011, Michael Jones founded the company and is the current chief executive officer. In its early stages, Science Inc. built various tech startups internally and offered support services to early-stage startups. Jones spent time working with the companies' CEOs and investors on strategy, growth and business development.
Video Science Inc.
Funding
Science Inc. initially received $10 million in backing from well-known investor Eric Schmidt's Tomorrow Ventures. In 2013, Science Inc. raised $30 million in funding from Hearst Ventures, the investment arm of media giant Hearst Corporation, and was named to Fast Company's list of The Most Innovative Companies. Science Inc. also recently raised $20 million in debt financing from Silver Lake Waterman.
Maps Science Inc.
Notable affiliated companies
Dollar Shave Club
Dollar Shave Club launched with early investments and support from Science Inc. Science Inc. was Dollar Shave Club's first investor, before the startup raised a $1 million seed round in March 2012. It was acquired by Unilever in 2016.
DogVacay
Initial funding for the DogVacay was obtained from Science Inc. DogVacay is a Santa Monica based company known for home dog boarding and other pet services.
HelloSociety
Science Inc. funded an incubated HelloSociety, a social media marketing and technology firm that consults on strategic partnerships with influencers and market analytics. The company was purchased by The New York Times in March 2016.
Other
Other startups that have come from Science Inc. include HomeHero, HelloSociety, FameBit, Delicious, Playhaven, and Quarterly. In 2016, FameBit was acquired by Google.
In 2015, Science Inc. sold off its mobile advertising network PlayHaven to mobile game publisher RockYou.
The company currently focuses on mobile entertainment for millennials, including the popular App Wishbone, which has more than 3.1 million monthly active users.
References
Source of the article : Wikipedia
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