Total amount raised
$2.7 Billion
Latest funding date
2021-04-05
Location
Invitae has established itself as a key player in the genetic testing industry, offering a comprehensive range of services in collaboration with Labcorp. Their platform provides accessible genetic data, personal health insights, and tailored care for patients.
Keep reading to explore the intricacies of Invitae's fundraising journey and the investors backing this innovative platform.
What Is Invitae?
Invitae is a prominent player in the genetic testing and healthcare industry, known for its collaboration with Labcorp to make genetic data more accessible and integrated into routine healthcare. Their services are designed to provide personalized care and meaningful insights through a wide range of genetic tests.
Invitae's offerings are accessible through Labcorp's nationwide network of patient service centers and are covered by most health plans. The company is dedicated to advancing the field of genetics and improving patient care, with over 5 million patients and their providers having chosen their services.
How Much Funding Has Invitae Raised?
- Series E
- Amount Raised: USD 40,000,000
- Date: December 2013
- Series F
- Amount Raised: USD 120,000,000
- Date: October 2014
- Post-IPO Secondary
- Amount Raised: USD 44,000,000
- Date: November 2016
- Post-IPO Equity
- Amount Raised: USD 74,000,000
- Date: July 2017
- Post-IPO Equity
- Amount Raised: USD 75,000,000
- Date: March 2018
- Post-IPO Equity
- Amount Raised: USD 196,700,000
- Date: March 2019
- Post-IPO Debt
- Amount Raised: USD 300,000,000
- Date: September 2019
- Post-IPO Equity
- Amount Raised: USD 184,000,000
- Date: April 2020
- Post-IPO Equity
- Amount Raised: USD 460,000,000
- Date: January 2021
- Post-IPO Debt
- Amount Raised: USD 1,150,000,000
- Date: April 2021
- Lead Investors: SoftBank
In total, Invitae has raised USD 2,643,700,000.
Key Investors
- SoftBank
- Details: SoftBank is a Japanese multinational conglomerate holding company known for its investments in technology, energy, and financial sectors. It operates the Vision Fund, one of the largest technology-focused venture capital funds in the world.
- Investment Focus Areas: Technology, telecommunications, energy
- Notable Investments: Uber, WeWork, ARM Holdings
- Series F Investors
- Details: The Series F round had 14 investors, though specific names are not disclosed. These investors contributed to a significant funding round that helped Invitae expand its services.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Series E Investors
- Details: The Series E round included 5 investors who played a crucial role in providing early-stage funding to Invitae. This round helped the company scale its operations and enhance its genetic testing capabilities.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
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