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23andMe Considering Sale of Lemonaid Health

Jan 19, 2025

Contract Type

partnership

SunnyvaleInformation TechnologyBiotechnologyHealth CareGenetics

Description

23andMe is reportedly considering the sale of Lemonaid Health, its telehealth operation, after acquiring Lemonaid in 2021 for $400 million. This comes amid a larger restructuring that involved job cuts and a $30 million settlement related to a data breach.

Company Information

Company

23andMe

Location

2555 Park Blvd

Sunnyvale, California, United States

About

23andMe Research Institute is a nonprofit medical research organization that enables people everywhere to access their genetic information, learn about themselves and participate in the world's largest crowdsourced research initiative. The Institute aims to be the world's most significant contributor to scientific advancement, uniting people with the common goal of improving health and deepening our understanding of DNA — the code of life.

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

23andMe signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.