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Bay Area's 23andMe is Gunning for a $200 Million Cash Raise



9/8/2017 6:32:15 AM

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Personal genomics company 23andMe is "raising close to $200 million in a funding round led by Sequoia Capital," according to TechCrunch.

Price talk: A source tells Axios that the round is being done at a $1.5 billion pre-money valuation, which would be a significant step-up from where 23andMe last raised funding in late 2015. It's also likely that the total will come in a bit higher than $200 million, with existing investors like Fidelity expected to participate.

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