I saw this article on TechCrunch – 23andMe raises $82.5 million in new funding: https://techcrunch.com/2020/12/29/23andme-raises-82-5-million-in-new-funding/. Slightly longer article.
Darrell Etherington @etherington / 11:04 AM CST•December 29, 2020
DNA testing technology company 23andMe has raised just shy of $82.5 million in new funding, from an offering of $85 million in total equity shares, according to a new SEC filing. The funding, confirmed by the Wall Street Journal, comes from investors including Sequoia Capital and NewView Capital. It brings the total raised by 23andMe to date to over $850 million.
There’s no specific agenda earmarked for this Series F round, according to a statement from the company to the WSJ, beyond general use to continue to fund and grow the business. 23andMe’s business is based on its distribution of individual home genetic testing kits, which provide customers with insights about their potential health and their family tree based on their DNA.