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23Mofang Raises $15.8 Million for China Personal DNA Test

publication date: Mar 6, 2018

23Mofang of Chengdu raised $15.8 million in venture financing in a round led by Matrix Partners China, a joint venture fund formed by Matrix Partners of the US and China partners. Founded in 2015, 23Mofang provides saliva-based genetic testing for individuals, with six separate testing services including health risks, rare genetic diseases and drug reactions. It claims to have completed 150,000 tests so far. Maximum cost for the 23Mofang test is $158. Its biochip, which was co-developed with Thermo Fisher Scientific, tests for as many as 300 medical conditions. More details....

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