23andMe Raises $50 Million in New Funding, Adding Yuri Milner as Investor
Personal genomics company 23andMe said it has raised more than $50 million in a new funding round, a near doubling of its investments so far. 23andMe has already raised over about $68 million since it was founded in 2006. The new financing includes Russian investor Yuri Milner, as well as existing investors Sergey Brin of Google, 23andMe CEO and co-founder Anne Wojcicki, New Enterprise Associates, Google Ventures and MPM Capital. The money will be used by the Mountain View, Calif., company to grow to one million customers and also to cut the price of its Personal Genome service to $99, which offers 244 reports on health and personal traits, as well as genealogy and ancestry information. That price was originally $999 and provided only 14 reports.