Tag: 23andMe
23andMe set to go public via a Virgin Group SPAC merger
Genetics testing and genome research company 23andMe is set to go public via a merger with special purpose acquisition corp (SPAC) VG Acquisition Corp, a vehicle set up by Richard Branson and his company Virgin Group. The transaction is expected to result in 23andMe having around $984 million in cash…
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23andMe raises $82.5 million in new funding
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…
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Expanding its women’s health benefits offerings for employers, Mayven raises $45 million
Over the past twelve months, Mayven, the benefits provider focused on women’s health and family planning, has expanded its customer base to include over 100 companies and grownits telehealth services to include 1,700 providers across 20 specialties — for services like shipping breast milk, finding a doula and egg freezing,…
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California Senator proposes tighter regulations on direct-to-consumer genetics testing companies
A state senator in California is introducing legislation designed to provide more direct oversight over direct-to-consumer genetic testing companies. The new regulations, introduced by Santa Ana’s Democratic Senator Thomas Umberg, builds on attempts in the California Consumer Privacy Act to regulate the ways data collected from genetic testing can be…
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Ancestry lays off 6% of staff as consumer genetic testing market continues to decline
Excitement in the consumer genetic testing market continues to show signs of slowing down. In the past two weeks layoffs have hit two of the biggest consumer genetic testing services — 23andme and Ancestry — with the latter announcing that it would slash its staff by 6% earlier today, in…
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Layoffs reach 23andMe after hitting Mozilla and the Vision Fund portfolio
Layoffs in the technology and venture-backed worlds continued today, as 23andMe confirmed to CNBC that it laid off around 100 people, or about 14% of its formerly 700-person staff. The cuts would be notable by themselves, but given how many other reductions have recently been announced, they indicate that a…
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