Battery Ventures Acquires Analytical-Instrumentation Pioneer LI-COR Biosciences

LI-COR Biosciences, a member of Bio Nebraska, has been acquired by Battery Ventures, a global, technology focused investment firm.

Announcement from Battery Venture

Bill and Elaine Biggs, co-founders of LI-COR Biosciences, a member of Bio Nebraska, are among the 2021 Nebraska Business Hall of Fame honorees. Article by the Lincoln Journal Star.

Battery Ventures, a global, technology focused investment firm, has acquired LI-COR Biosciences, an industry-leading company that makes highly engineered instrumentation systems for environmental research, agriculture, drug discovery, protein research and therapeutics development.

LI-COR, founded by Bill and Elaine Biggs, has two main business lines: environmental-monitoring instrumentation, including devices and software for scientists to analyze plants, atmospheric qualities, gas and soil, and a biotechnology business, offering a portfolio of imaging and analysis instruments, proprietary software and reagents sold mainly to life-science research institutions and pharmaceutical producers.

An increased need for climate-change analysis and adaptation, as well continued global population growth and the need to improve food production, are larger trends pushing the adoption of LI-COR’s environmental products. LI-COR’s biotechnology products help researchers improve the human condition through innovative research tools that help scientists solve global health challenges. Based in Lincoln, Neb., the company counts more than 3,000 academic and commercial customers across 100 countries and operates two subsidiaries in Germany and the United Kingdom.