Results 1 to 2 of 2

Thread: New Investments in to Boost DNA Business

  1. #1
    Registered Users
    Missouri, U.S.
    Colonial American
    Y-DNA (P)
    R1b-U152 >L2>BY34131
    mtDNA (M)

    United States of America Scotland England Netherlands

    New Investments in to Boost DNA Business

    NEW YORK (GenomeWeb) New investments in online family history company should fuel further expansion of its growing AncestryDNA consumer genomics business. announced the investments, the amount of which was undisclosed, last week. Under the terms of the deal, Menlo Park, California-based Silver Lake and Singaporean technology investment firm GIC acquired substantial equity stakes in Provo, Utah-based, bringing the company's total valuation to $2.6 billion, they said.


    "It's incredible to think that even with all we've accomplished in just four years at AncestryDNA, Silver Lake and GIC are going to help us move even faster," Chahine told GenomeWeb. According to Chahine, AncestryDNA has accomplished "massive advances in science and technology" and has genotyped 1.5 million people since the service launched in May 2012. "We look forward to bringing even more tools for self-discovery to millions across the globe," he said.

    AncestryDNA has strengthened its global outreach lately. In March, the company announced that its autosomal DNA testing service, which relies on Illumina SNP genotyping microarrays, is now available in more than 30 different countries, from Albania to Vatican City. The company last year rolled out AncestryDNA in Australia, Canada, Ireland, New Zealand, and the UK.


    "While we're really excited about DNA as a standalone profitable proposition, it's also having a meaningful and better-than-anticipated impact on the subscriber business," he said.

  2. #2
    Registered Users

    Of course the DNA testing increases subscriptions, people need tress to join what they call 'DNA circles'. Also they push subscriptions hard on the site, there are adverts all over the place.

Similar Threads

  1. Replies: 5
    Last Post: 08-16-2018, 06:59 AM
  2. The business of genetic ancestry
    By DebbieK in forum General
    Replies: 85
    Last Post: 08-07-2015, 02:05 PM
  3. Monkeys Show Alcohol May Boost Your Immune System
    By Clinton P in forum Health and Fitness
    Replies: 1
    Last Post: 12-31-2013, 06:59 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts