SA’s 3X4 Genetics raised $2.5mln to relocate to the US
Friday, 13 December 2019 17:58
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
Live News
-
Algeria, Egypt Agree Direct Shipping Route to Drive $5B Trade Goal
19:34
-
Cameroon Moves to Channel CFA8B Cylinder Market to Local Factories With Import Tax
19:22
-
Guinea Approves $34.5 Million Digital Strategy for Vocational Training
19:12
-
Togo Kicks Off Landmark 20th Lomé Fair with Digital Push, Chinese Delegation
18:53
-
Urban Pigeons Found to Harbor Drug-Resistant Bacteria in Togo
18:49
-
AIIB Approves $200M Loan for Benin's Multimodal Transport System
18:47
-
Chad Turns to Egypt to Modernize State TV as Foreign Media Lead Audience Ratings
18:38
-
Measles Cases Drop 80%, Ethiopia's Marburg Response and Cholera in DRC (Weekly Health Update)
18:02
-
Zambia Unveils National Strategy to Protect Young Internet Users
06:18
-
Togo’s Edomatch Targets Faster Hiring With Mobile Recruitment Platform
06:09
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...
Algeria and Egypt to launch direct Algiers-Alexandria maritime link to boost trade Bilateral trade surpassed $1B in 2024; target set...
AIIB approves $200M for Benin’s Greater Nokoué urban mobility project Plan includes road upgrades, public buses, smart traffic and lagoon...
Chad partners with Egypt to modernize state TV and train media staff Project aims to improve Télé Tchad’s content, skills and viewer experience ...
This week in African health news: Global measles cases have dropped nearly 80 percent since 2000, but major challenges remain across the continent....
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...