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- Genome Medical
Genome Medical Valuation, Funding & Investors
Genome Medical is valued at $230M as of August 2021.
Last Genome Medical valuation
$230M
Series C · Aug 2021
Last Genome Medical funding round
$75M
Undisclosed stage · Sep 2024
Cumulative funding Genome Medical raised
$196M
across 7 funding rounds
Key investors in Genome Medical
Canaan Partners
Casdin Capital
Illumina Ventures
HealthInvest Equity Partners
GE Ventures
Perceptive Advisors
About Genome Medical
Genome Medical is a national telegenomics company providing virtual genetic care through its network of specialists and Genome Care Delivery platform. It assists healthcare providers and patients in interpreting genetic tests for disease risk assessment, diagnosis acceleration, treatment decisions, and cost reduction in everyday care.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Services
Valuation
$230M (Aug 2021)
Genome Medical Valuation
Genome Medical is currently valued at $230M, based on its Series C in August 2021.
The $60M round was led by Casdin Capital.
Genome Medical valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series C | $230M |
Genome Medical Funding History
Genome Medical has raised a total of $196M across 7 funding rounds.
Genome Medical's first fundraising round was a $400K seed round in November 2016. The most recent completed round was a $75M undisclosed-stage round in September 2024.
Genome Medical funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2024 | Undisclosed stage | - | $75M | - | Genome Medical, founded in 2016, provides precision medicine services integrating genetic testing and counseling into healthcare systems for areas like cancer, cardiovascular diseases, reproductive health, and rare genetic disorders. The company offers virtual access to genetic specialists via its technology platform to make genomics more accessible to providers and patients. In September 2024, Genome Medical raised $75.3 million in a Series D funding round, bringing total funding to approximately $120 million. Investors included Casdin Capital, GV (formerly Google Ventures), and others. The funds will enhance the technology platform, expand partnerships with health systems, hospitals, and employers, and accelerate adoption of genomic medicine to improve patient outcomes and healthcare efficiency. Prior rounds include a Series C in August 2021 raising $60 million and earlier Series B and A rounds, with additional investors like Illumina, Kaiser Permanente Ventures, and Canaan Partners. The round aligns with growing demand for genetic services driven by advances in genomic medicine. Genome Medical aims to integrate genetics into routine care, supporting physicians with personalized treatment plans. |
| Aug 2021 | Series C | Casdin Capital (lead) | $60M | $230M | Genome Medical is a telegenomics technology and services company providing genetic expertise in clinical areas such as pharmacy, cancer, pediatrics, and cardio, founded in 2016 by Lisa Alderson, Randy Scott, and Robert Green. On August 30, 2021, it announced the acquisition of GeneMatters, a community-focused genomic counseling provider, simultaneously closing a $60 million Series C financing round led by Casdin Capital, with participation from new investors GV (formerly Google Ventures), Amgen Ventures, and Perceptive Advisors, alongside existing investors including Canaan Partners, Kaiser Permanente Ventures, Illumina Ventures, LRVHealth, Echo Health Ventures, Revelation Partners, HealthInvest Equity Partners, Avestria Ventures, Flywheel Ventures, Dreamers Fund, and Blue Ivy Ventures. The financing, totaling $60 million, aimed to accelerate commercial traction, expand the team, enhance configurable technology solutions for genomic medicine programs, and build out physician services, test ordering, and guidelines-based care plans. In connection with the round, Eli Casdin and Shaun Rodriguez from Casdin Capital, Jill Davies from GeneMatters, and Anthony Philippakis from GV (as observer) joined the board. The acquisition of GeneMatters solidified Genome Medical's position as a leader in digital genetic health. The company operates in the applied genomics and healthcare sector, competing with firms like InformedDNA and SteadyMD. Subsequent developments include a Series D round of approximately $75 million in September 2024. |
| Jul 2020 | Series B | Samsung Catalyst Fund (lead) | $14M | - | Genome Medical is a US-based telemedicine service provider specializing in genomic testing, guiding patients to appropriate genetic tests and experts. The company raised $14 million in a Series B extension round on July 2, 2020, led by Samsung Catalyst Fund, with participation from existing investors including Canaan Partners, Illumina Ventures, Echo Health Ventures, Perceptive Advisors, LRVHealth, Kaiser Permanente Ventures, Avestria Ventures, Casdin Capital, HealthInvest Equity Partners, Revelation Partners, Dreamers Fund, Flywheel Ventures, and Manatt Ventures, as well as co-founder Randy Scott. This brought the total Series B to $37 million and overall funding since 2016 to $60 million. The funding supports expansion of virtual clinical genetics care, technology platform development, and programs for cancer, reproductive health, pharmacogenomics, care navigation, and e-consult services amid rising telehealth demand from the COVID-19 pandemic. Samsung Catalyst Fund will partner with Genome Medical on consumer-focused digital health initiatives combining genomic data, clinical genetics expertise, and technology. Previous rounds included a $23 million Series B in June 2019 led by Echo Health Ventures and a $23 million Series A-1 in January 2018 led by GE Ventures. |
| Jun 2019 | Series B | Echo Health Ventures (lead); Manatt Venture Fund; Casdin Capital; LRVHealth; Dreamers VC; Perceptive Advisors | $23M | - | Genome Medical is a nationwide telegenomics company founded in 2016 that provides genomic-based medicine and genetic counseling services through a cloud-based platform. The company works with hospitals, health systems, payers, providers, and employers to deliver on-demand access to genetic experts for virtual consultations and genetic wellness assessments across all 50 states. In June 2019, Genome Medical raised $23 million in Series B financing led by Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. Additional new investors in the round included LRVHealth, Casdin Capital, Perceptive Advisors, Manatt Venture Fund, and Dreamers Fund, while existing investors Canaan Partners, GE Ventures, Illumina Ventures, Kaiser Permanente Ventures, and HealthInvest Equity Partners also participated. With this Series B round, the company had raised a cumulative total of $46 million since its 2016 founding. The funds were allocated toward scaling operations to expand the team of clinical genomics specialists and accelerate development of the proprietary genomic care delivery platform to meet rising demand for genetic services among hospitals and health systems. Jessica Zeaske from Echo Health Ventures joined the company's board of directors, and Keith Figlioli from LRVHealth became a board observer as part of the investment. CEO Lisa Alderson emphasized that the funding would enable Genome Medical to service the sharply rising demand for genetic expertise and help address a significant gap in access to genomic medicine across the United States. |
| Jan 2018 | Series A | GE Ventures (lead); Illumina Ventures; Kaiser Permanente Ventures; Canaan Partners | $11M | - | Genome Medical raised $23 million in an A-1 round on January 8, 2018, led by GE Ventures, with participation from investors including Canaan Partners. The company, founded in 2016, develops a telehealth platform focused on genomic medicine, providing clinical assessments, test recommendations, and personalized care plans. Subsequent funding included a series B starting in 2019 and a $60 million series C in August 2021 led by Casdin Capital, with investors such as Illumina Ventures and Kaiser Permanente Ventures. |
| May 2017 | Series A | Canaan Partners (lead); Illumina Ventures; Techammer; Flywheel Ventures; HealthInvest Equity Partners; Blue Ivy Ventures | $12M | - | Genome Medical, founded in 2016, is a telegenomics platform that delivers on-demand access to genetic experts for virtual visits and provider-to-provider consultations, serving hospitals, health systems, payers, and employers. The company's cloud-based genomic care delivery platform eliminates geographic and workforce barriers to accessing genetic specialists and supports personalized medicine adoption in clinical settings. The company has grown significantly since its founding, acquiring GeneMatters in 2021 and raising a total of at least $180 million across multiple rounds by 2024. |
| Nov 2016 | Seed | HealthInvest Equity Partners | $400K | - | - |
Who has invested in Genome Medical?
15 investors have backed Genome Medical across its funding rounds, including Canaan Partners, Casdin Capital, Illumina Ventures, HealthInvest Equity Partners, GE Ventures and Perceptive Advisors.
Lead investors include Casdin Capital, Samsung Catalyst Fund, Echo Health Ventures, GE Ventures and Canaan Partners.
Genome Medical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2017 | ||
| 2 | Lead | May 2017 | ||
| 2 | Lead | Jun 2019 | ||
| 2 | Participant | Nov 2016 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | May 2017 | ||
| 1 | Participant | May 2017 | ||
| 1 | Lead | Jul 2020 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | May 2017 | ||
| 1 | Lead | Jan 2018 | ||
This data is available for Pro users. Sign up to see all 15 Genome Medical investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Genome Medical
Genome Medical has acquired 1 company to date.
Last acquisition by Genome Medical was on August 30th 2021. Genome Medical acquired GeneMatters for undisclosed valuation.
Latest Acquisitions by Genome Medical
| Description | GeneMatters is a Minneapolis-based operator of a tele-genetic counseling network connecting patients with board-certified counselors. Launched in 2016, the platform supports pre- and post-test counseling for hereditary cancer, carrier screening, and pharmacogenomics panels from labs like Invitae and Color Genomics. GeneMatters serves over 100 healthcare providers across the U.S., enabling virtual sessions compliant with HIPAA. |
| HQ Country | |
| HQ City | Minneapolis, MN |
| Deal Date | 30 Aug 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Genome Medical acquisitions and their M&A valuation multiples. Start Free Trial | |
Genome Medical Competitors
Genome Medical competitors include listed companies like Atrys Health, Pangaea Oncology and Castle Biosciences, and private ones like Hertility Health, PrognomiQ and uBiome.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $109M | - | ||
| Publicly listed | $162M | ($12M) | $245M | 2.1x | ||
| Private | - | - | $180M | - | ||
| Private | - | - | $298M | - | ||
| Publicly listed | $17M | ($1M) | $59M | 3.7x | ||
| Publicly listed | $344M | ($429K) | $1.1B | 2.5x |
Genome Medical Public Comps
Genome Medical is still privately-owned, but its public comps include American Well, Atrys Health, ToolGen, Veraxa Biotech, Korro Bio, Abclon, Nyxoah, LifeMD, Cibus and Tauns Laboratories.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $249M | ($63M) | 0.2x | 0.2x | (0.8x) | (3.1x) | |||
| $162M | ($12M) | 2.3x | 2.1x | (30.2x) | 14.9x | |||
| $951K | ($26M) | 211.6x | - | (7.8x) | - | |||
| $29K | ($79M) | 7313.2x | - | (2.6x) | - | |||
| $6M | ($112M) | 15.8x | 48.9x | (0.9x) | (1.1x) | |||
| $3M | ($12M) | 79.2x | - | (22.2x) | - | |||
| $12M | ($97M) | 9.5x | 3.2x | (1.1x) | (1.4x) | |||
| $194M | ($2M) | 0.7x | 0.7x | (89.1x) | 75.2x | |||
This data is available for Pro users. Sign up to see all Genome Medical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Genome Medical
| When was Genome Medical founded? | Genome Medical was founded in 2016. |
| Where is Genome Medical headquartered? | Genome Medical is headquartered in San Francisco, CA, United States. |
| Is Genome Medical publicly listed? | No, Genome Medical is a private, VC-backed company. |
| What is Genome Medical's valuation? | Genome Medical was last valued at $230M in its Series C in August 2021. |
| How much funding has Genome Medical raised? | Genome Medical has raised $196M across 7 funding rounds. |
| What was Genome Medical's last funding round? | Genome Medical's last funding round was a $75M undisclosed-stage round in September 2024. |
| Who are Genome Medical's investors? | Genome Medical's investors include Illumina Ventures, Canaan Partners, Casdin Capital, HealthInvest Equity Partners, Kaiser Permanente Ventures, Manatt Venture Fund, Techammer, Flywheel Ventures, Samsung Catalyst Fund, LRVHealth and 5 others. |
| Which companies are comparable to Genome Medical? | Companies comparable to Genome Medical include Hertility Health, Atrys Health, PrognomiQ, uBiome, Pangaea Oncology and Castle Biosciences. |
| How many companies has Genome Medical acquired? | Genome Medical has acquired 1 company, including GeneMatters. |
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