Google injects $3.9m into biotech start-up

by admin May 23, 2007 at 11:26 am

In search of organic data…

Google has invested $3.9m in 23andMe, a biotech start-up co-founded by the wife of Google co-founder Sergey Brin, according to a filing with the US Securities and Exchange Commission.

With its investment, Google will hold a minority stake in 23andMe, co-founded last year by Anne Wojcicki. The company focuses on aiding consumers in understanding their genome.

The search giant was one of several investors in a series A, or first round, of funding for the biotech company. Other investors include biotech giant Genentech, Mohr Davidow Ventures and New Enterprise Associates. Terms of the financing deal were not disclosed.

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