Impact Laboratories Secures $4.95M to Accelerate Sustainable Science Innovation
James Connelly, CEO of Impact Laboratories and My Green Lab said, 'This investment signals a pivotal shift in how science integrates sustainability. Our enhanced software will empower labs with real-time data, security, and ROI-driven insights—enabling them to make measurable environmental progress. Thanks to our investors' support, we're scaling solutions that drive global impact.'
By enhancing Impact Laboratories ' software tools, this investment will bolster its position as a leader in providing secure, data-driven solutions that deliver genuine environmental and financial returns for laboratories worldwide. Furthermore, these funds will support a robust market development strategy to expand My Green Lab Certification and improve the technology used to audit and verify the My Green Lab ACT Ecolabel, the industry's most comprehensive ecolabel for laboratory products.
Driving Impact Through Investment
The funding round, led by a consortium of impact-driven investors including the Spokane Angel Alliance, TVF | Tacoma Venture Fund, LabX Media, and Greenhouse Capital Partners underscores the growing demand for data-driven sustainability solutions in science. These investors bring not only capital but also deep expertise in scientific research, sustainable investment, and media outreach to accelerate Impact Laboratories' mission.
'Backing Impact Laboratories means investing in a smarter, more sustainable scientific future,' said Peter Henig, Founder and Managing Partner of Greenhouse Capital Partners.
'Sustainable science is the future of research. Impact Laboratories' solutions give scientists the tools to integrate sustainability without sacrificing innovation,' said Jim Datin, former CEO of BioAgilytix and current GHO Operating Partner. 'This investment fuels the shift toward environmentally responsible labs that also excel in efficiency and cost savings.'
Bob Kafato, President of LabX Media, emphasized the long-term impact of this investment: 'As investors, we have a responsibility to support innovations that move industries forward. The scientific industry is at a turning point—labs that prioritize sustainability will not only lead in innovation but also in operational excellence. This funding ensures that environmental responsibility becomes an integral part of scientific progress.'
A Global Shift Towards Sustainable Science
As scientific research expands globally, the need for secure and scalable sustainable solutions has never been greater. Impact Laboratories' ability to provide third-party independent verification and robust sustainability tools plays a crucial role in reducing the industry's environmental impact.
Madin Akpo-Esambe, General Partner at TVF | Tacoma Venture Fund, spoke to the broader implications of this investment: 'Greener labs mean a greener world. By accelerating lab sustainability, we're not just improving operational efficiency, but we're also creating systemic change for the better.'
Tom Simpson, Founder and CEO of Spokane Angel Alliance, emphasized the power of regional funding networks in driving mission-based companies with global impact. 'Seeing a company like Impact Laboratories scale globally from Spokane signals a new level of maturity in our start-up ecosystem and investment community,' he noted. This success highlights how regional capital can fuel ventures that create meaningful change worldwide.
Impact Laboratories and My Green Lab are collaborating to empower scientists and laboratory professionals to create lasting environmental change. This successful fundraising round will propel progress toward a future where sustainability is integrated into every laboratory around the globe.
About Impact Laboratories
Impact Laboratories, the commercial arm of My Green Lab, provides third-party verification and enterprise software solutions that enable labs to achieve and maintain sustainability benchmarks. From academia to biotech and pharma, Impact Laboratories supports the scientific community in reducing its environmental footprint while ensuring operational efficiency. The company drives the expansion of the world's most trusted green lab certification and verification tools.
About My Green Lab
My Green Lab® is a nonprofit environmental organization with a mission to build a global culture of sustainability in science. The organization is the world leader in developing internationally recognized sustainability standards for laboratories and laboratory products—bringing sustainability to the community responsible for the world's life-changing medical and technical innovations. Laboratories are some of the most resource-intensive spaces in any industry, but they don't have to be. By introducing a new perspective and proven best practices within a carefully crafted framework, My Green Lab has inspired tens of thousands of scientists and lab professionals to make positive changes in their labs by reducing the environmental impact of their work.
My Green Lab Certification
The world's most trusted green lab certification, guiding scientists and lab teams toward actionable sustainability practices. Supported by third-party verification from Impact Laboratories, My Green Lab Certification has engaged 3,800 labs in 50 countries reaching over 42,000 scientists (as of early 2025).
My Green Lab ACT Ecolabel
The first ecolabel for lab equipment and supplies that provides transparent, third-party verified data to help scientists and procurement teams make sustainable choices. Forty companies and 1,500 products currently have an ACT Ecolabel, with third-party verification provided by SMS Collaborative.
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These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control, which could cause our actual results to differ materially from those expressed in the forward-looking statements. Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include: efficiencies in plant operations and our overall supply chain network; price and product competition; the success and cost of new product development efforts; the lack of market acceptance of new products; changes in demand for our products, which may result from changes in consumer behavior or loss of brand reputation or customer goodwill; the impact of customer store brands on our branded retail volumes; the impact of any laws and regulatory matters affecting our food business, including any additional requirements imposed by the FDA or any state or local government; the extent to which good-fitting business acquisitions are identified, acceptably integrated, and achieve operational and financial performance objectives; inflationary pressures resulting in higher input costs; fluctuations in the cost and availability of ingredients and packaging; adverse changes in freight, energy or other costs of producing, distributing or transporting our products; the reaction of customers or consumers to pricing actions we take to offset inflationary costs; adverse changes in trade policies, including increased tariffs, retaliatory trade measures, or other trade restrictions; dependence on key personnel and changes in key personnel; adequate supply of labor for our manufacturing facilities; stability of labor relations; geopolitical events that could create unforeseen business disruptions and impact the cost or availability of raw materials and energy; dependence on a wide array of critical third parties to support our operations, including contract manufacturers, distributors, logistics providers and IT vendors; cyber-security incidents, information technology disruptions, and data breaches; the potential for loss of larger programs or key customer relationships; capacity constraints that may affect our ability to meet demand or may increase our costs; failure to maintain or renew license agreements; the possible occurrence of product recalls or other defective or mislabeled product costs; the effect of consolidation of customers within key market channels; maintenance of competitive position with respect to other manufacturers; the outcome of any litigation or arbitration; significant shifts in consumer demand and disruptions to our employees, communities, customers, supply chains, production planning, operations, and production processes resulting from the impacts of epidemics, pandemics or similar widespread public health concerns and disease outbreaks; changes in estimates in critical accounting judgments; and risks related to other factors described under 'Risk Factors' in other reports and statements filed by us with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q (available at Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on statements that are based on current expectations. Expand THE MARZETTI COMPANY (In thousands) June 30, 2024 ASSETS Current assets: Cash and equivalents $ 161,476 $ 163,443 Receivables 95,817 95,560 Inventories 169,301 173,252 Other current assets 17,037 11,738 Total current assets 443,631 443,993 Net property, plant and equipment 534,543 477,696 Other assets 296,550 285,242 Total assets $ 1,274,724 $ 1,206,931 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 117,962 $ 118,811 Accrued liabilities 68,332 65,158 Total current liabilities 186,294 183,969 Noncurrent liabilities and deferred income taxes 89,935 97,190 Shareholders' equity 998,495 925,772 Total liabilities and shareholders' equity $ 1,274,724 $ 1,206,931 Expand
