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Vietnam’s Gene Solutions is set to complete a $50 million Series C funding round to support its upcoming Hong Kong IPO for global growth.

PRIVATEJun 01, 20262 months ago

Amount Raised

$50 Million

Round Type

Series C

CharlottesvilleBiotechnology

Description

Gene Solutions, a Vietnamese diagnostic testing startup, is preparing for a Hong Kong IPO and aims to finalize a $50 million Series C round. The company specializes in non-invasive prenatal testing and cancer screening. CEO Nguyen Hoai Nghia stated the goal is to raise about $100 million through the share offering. They aim for a valuation of around $800 million and to meet revenue targets of $90 million by year-end.

Company Information

Company

Gene Solutions

Location

123 E. Main Street

Charlottesville, Virginia, United States

About

Gene Solutions represents a breakthrough diagnostic and therapeutic approach to Central Nervous System disease indications utilizing mitochondrial genomics to identify disease-causing mitochondrial mutations. These mutations, which have been validated as highly indicative in Parkinson's Disease, will form the basis of Gene Solutions diagnostics and therapeutic development platforms.

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