54gene

company

About

54gene is a healthcare startup that offers a genetics testing platform.

Details

Last Funding Type
Convertable Note
Last Funding Money Raised
$50M
Industries
Biotechnology,Genetics,Health Care,Life Science
Founded date
Jan 1, 2019
Number Of Employee
101 - 250
Operating Status
Active

54gene is a healthcare startup unlocking the African genome to fuel genetic research and development that may lead to new discoveries and benefit all populations.

54gene was founded in 2019 by Dr. Abasi Ene-Obong to address the significant gap in the global genomics market: Nearly 90% of genetic material used in pharmaceutical research is caucasian. Only 2% is African, despite the fact that Africans and people of African ancestry are more genetically diverse than all other world populations combined. As a result, pharmaceutical research and development is lacking the diverse data that may hold the key to medical discoveries and new healthcare solutions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$94.72M
54gene has raised a total of $94.72M in funding over 2 rounds. Their latest funding was raised on Oct 28, 2022 from a Convertable Note round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 28, 2022 Convertable Note $50M 7 Detail
Sep 16, 2021 Series B $25M 8 Cathay Innovation Detail
Aug 15, 2021 Series A 1 Detail
Aug 15, 2021 Series A Detail
Jul 23, 2021 Funding Round $75K 1 Detail

Investments

Number of Investments
Number of Lead Investments
42
4
54gene has made 42 investments. Their most recent investment was on Sep 14, 2022, when Prolific Machines raised $42M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 14, 2022 Prolific Machines
Series A $42M Biotechnology
Aug 30, 2022 tokenproof
Seed $5M Blockchain
Aug 1, 2022 FiscalNote
Post-IPO Equity $100M Artificial Intelligence
Apr 25, 2022 DAOHQ
Seed $1.30M Blockchain
Apr 20, 2022 Ink
Pre-seed $1.50M Content

Employee Profiles

Number of Employee Profiles
5
54gene has 5 current employee profiles, including Executive Jude Uzonwanne
Executive
Executive
Board member
Executive