vp1

ISSUE – Sep. 06 | 23andMe is raising about $200 million, led by Sequoia

23andMe, the Mountain View-based genetic testing and analysis company, is raising close to $200 million in a funding round led by Sequoia Capital, multiple sources tell us. Sources say that Fidelity is also looking to participate. We’d first heard in spring that the 11-year-old company was looking for more money to expand its genetics research arm and develop new products. The fresh capital should allow it to continue growing its revenue, without the pressure of going public just yet, which sources say that cofounder and CEO Anne Wojcicki is reluctant to do. [ Tech Crunch]

read_2

ad