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
-
BCEAO, HEC Paris launch banking training programme addressing AI and cybersecurity risks
21:27
-
Togo to increase cotton fertilizer purchases by 15% in 2026
19:25
-
BEAC Inducts 39 Auditors to Strengthen Governance, Risk Control
19:23
-
World Bank Allocates CFA224bn to Develop Congo Basin Forest Economies, Create 220,000 Jobs
18:18
-
Cameroon Deploys Equipment to Cut CFA80 Billion Dairy Import Bill
15:27
-
Uganda eyes China market with coffee and dairy push at Shanghai trade fair
14:34
-
DR Congo Signs Digital Pact to Overhaul Education System
14:26
-
Paul Olivier Ahoua Launches Intelligent Customer Service DiscutAI Platform
14:22
-
Ethiopia Opens Drug Testing Hub to Support Local Medicine Production
13:53
-
Equatorial Guinea Eyes New Subsea Cable to Fix Unreliable Internet
09:40
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Uganda showcased coffee, tea and dairy products in Shanghai to expand exports to China Coffee exports reached $2.4bn in 2025, making Uganda...
New facility includes 40 laboratories, genomics platforms and a bioequivalence center The center will test and certify locally produced medicines...
Government considers joining Medusa cable to improve network stability Project estimated at €20–60 million, with rollout targeted for...
Ethiopia signs roadmap with Russia’s Rosatom to develop civil nuclear sector Partnership aims to reduce reliance on hydropower, which dominates...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...