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54gene

Health TechNigeriaClosed 2024

Total Raised

$45M

Peak Valuation

Undisclosed

Employees

Year Collapsed

2024

Business model

Genomics research company building an African genetic data biobank for drug discovery partnerships.

In brief

Aimed to correct the severe underrepresentation of African genetic data in global drug research by building a large-scale biobank across Nigeria and other African countries. A pandemic-era pivot into COVID-19 testing brought early revenue but distracted from the core genomics mis…

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Key facts

Founded
2019
Closed
2024
Headquarters
Lagos, Nigeria
Industry
Health Tech
Employees
Revenue
Undisclosed

Related failures

Often compared with: 23andMe, Illumina.