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Genetics testing startup Prenetics buys UK's DNAFit to move into consumer services
2018-04-19T07:11:35Z - Jon Russell / TechCrunch
Prenetics, a Hong Kong-based startup that offers genetic testing services for patients, is expanding outside of Asia and into the consumer space after it acquired London-based company DNAFit. In addition, Prenetics International will be focused on a B2B with insurers and for corporates,” Prenetics CEO Danny Yeung told TechCrunch via email. The deal sees DNAFit CEO Avi Lasarow becomes CEO of Prenetics International, a newly formed business unit, with Yeung CEO of parent company Prenetics Group. At the time of that funding, which happened in October, Yeung said Prenetics had processed 200,000 DNA samples. Yeung joined the firm as CEO in 2014, after leaving Groupon following its acquisition of his Hong Kong startup uBuyiBuy, and it has been in startup mode since then.

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