South African biotechnology start-up 3X4 Genetics, which offers genetic testing to patients through a network of health practitioners, announces the raising of $2.5 million from US venture capital firm Alethea Capital Management.
The company, founded in 2017 by Jason Haddock (photo, left) and Yael Joffe (photo, right), will have the opportunity to receive additional funding of $2.5 million during its next development phase. As part of this investment, 3X4 Genetics plans to relocate its office to the United States. The reason for this decision, according to Jason Haddock, is that the United States represents a larger market for genetic testing than South Africa.
3X4 Genetics claims to have performed nearly 3,000 genetic tests in its laboratory in Durban, South Africa, with the support of more than 200 health practitioners. These tests have helped treat patients and enabled them to adopt an appropriate lifestyle.
Chamberline Moko
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Algeria launched its first AI and cybersecurity start-up cluster to accelerate digital job creation. More than 7,800 start-ups are registered,...
Niger and Italy aim to curb migration by creating local employment through structured cooperation. A $4.7 million youth entrepreneurship...
Authorities plan to operationalize the universal service fund in 2026 to expand telecom access nationwide. Telecom operators will contribute 2%...
Terra Industries plans a major drone manufacturing plant in Accra with capacity of 50,000 units annually by 2028. The facility targets growing...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...