Owner – Abveris (now part of Twist Bioscience)
ntroducing Garren Hilow: Gritty, Organic Entrepreneurial Excellence
Meet Garren Hilow—an entrepreneur and biotech enthusiast.
Garren was the co-creator and majority owner of Abveris, a pioneering biotech services company specializing in contract drug discovery. He steered the ship through innovative funding strategies, enabling organic growth. Leveraging technology licensed from an academic lab, the company surged ahead, fueled by reinvested profits for five slow growth years.
In a game-changing move, Garren secured sole ownership in 2019 by placing his family's home as collateral—an audacious step that propelled the company's trajectory. He and his wife guaranteed millions in debt to acquire the struggling business, a testament to their belief in its potential (also the beauty of leverage and bankruptcy laws in the USA).
From a humble valuation of $2M in 2019 and rocky financial terrain, Garren led Abveris through near-bankruptcy scenarios and successfully maneuvered the COVID-19 turbulence. Amidst challenges, he built a resilient company showcasing an elite sales and marketing engine. Grooming another leader and then stepping aside as CEO to prepare the company to sell for top dollar, he set the stage for its remarkable exit.
With a modest $1M fundraising post-acquisition, Abveris underwent exponential growth. In a stunning culmination, it was acquired by Twist Biosciences for a staggering $190M in late 2021. Garren's strategic foresight remained evident as he retained majority company ownership through the exit.
Beyond Abveris, Garren passionately mentors a diverse cohort of entrepreneurs. His passion for collaborative growth echoes his work, offering insights into sales, marketing, and financial strategy.
Rooted in family values, Garren resides in Duxbury, MA, with his wife and two sons. Armed with an economics degree from Bentley University, he blends academic wisdom with hands-on entrepreneurial experience and passion.
Garren Hilow's exceptional journey is a testament to the spirit of entrepreneurship. It is an inspiring tale of calculated risk-taking, innovation, and collaborative success.