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...
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...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
PAD signs 30-year PPP to rehabilitate Boscam terminal Project includes new platform and potential 700-meter quay Plan aims to restore regional traffic...
Globeleq launches 250 MW solar plant with battery storage near Lusaka Project aims to stabilize grid and meet peak electricity demand Move supports...
Funding targets SMEs, farmers, and agricultural value chains Program aims to improve access to finance and attract private capital Initiative to...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...