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23andMe

Genomics/digital healthUSA
💀 Dead / Bankrupt
Peak $6 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    ~2015
  2. 📈
    Peak valuation
    $6 Billion ’21
  3. 💔
    Became a Unitard
    Mar 2025
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt March 2025; assets to TTAM (Wojcicki) $305M, closed July 2025

How it happened

23andMe pioneered consumer DNA testing and went public via SPAC in 2021 at a valuation around $6B. A failure to build a sustainable business beyond one-time test kits, a major 2023 data breach, and dwindling cash crushed the company. It filed for Chapter 11 in March 2025; co-founder Anne Wojcicki's nonprofit TTAM acquired the assets for $305M, closing in July 2025.

Source: Outbid Regeneron; SEC deregistration June 2025