23andMe Raises More Than $22 million in Series C Financing
November 9, 2010
Mountain View, Calif. – November 9, 2010 – 23andMe, Inc., a leading personal genetics company, announced today the closing of its Series C financing. The company raised a total of more than $22 million of funding from a new investor, Johnson & Johnson Development Corporation, and current investors — including New Enterprise Associates and Google Ventures. “We believe this round of financing will help us achieve our goal of dramatically accelerating the pace of research and could ultimately make health care research and health care delivery more efficient,” said Anne Wojcicki, chief executive officer of 23andMe. 23andMe is actively recruiting for several key positions within the company. Available positions are listed on the company’s website. This press release does not constitute or form part of, and should not be construed as an offer or an invitation to sell or issue, or the solicitation of any offer to buy or subscribe for, any securities.
23andMe, Inc., headquartered in Sunnyvale, CA, is a leading consumer genetics and research company. Founded in 2006, the company’s mission is to help people access, understand, and benefit from the human genome. 23andMe has pioneered direct access to genetic information as the only company with multiple FDA clearances for genetic health reports. The company has created the world’s largest crowdsourced platform for genetic research, with 80% of its customers electing to participate. The 23andMe research platform has generated more than 180 publications on the genetic underpinnings of a wide range of diseases. The platform also powers the 23andMe Therapeutics group, currently pursuing drug discovery programs rooted in human genetics across a spectrum of disease areas, including oncology, respiratory, and cardiovascular diseases, in addition to other therapeutic areas. More information is available at www.23andMe.com.