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uBiome

Health TechUSAClosed 2019

Total Raised

$105M

Peak Valuation

$600M

Employees

Year Collapsed

2019

Business model

At-home microbiome testing kits, billed repeatedly to insurance without adequate clinical necessity documentation.

In brief

Sold at-home gut microbiome test kits, then aggressively billed insurers for follow-up tests without clear clinical justification. An FBI raid on its offices in 2019 revealed the founders had continued this billing practice despite internal warnings, and the company filed for ban…

See the What Happened tab for the full account.

Key facts

Founded
2012
Closed
2019
Headquarters
San Francisco, USA
Industry
Health Tech
Employees
Revenue
Undisclosed

Related failures

Often compared with: 23andMe, Viome.