23andMe is reportedly in talks for a $4 billion SPAC IPO - Business Insider

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23andMe is reportedly planning a $4 billion public debut via Richard Branson's SPAC weeks after quietly raising $82.5 million from Sequoia

. It is not yet clear whether that funding round would remain distinct from the reverse merger deal should the talks move forward.The filing states that 23 investors have committed to the funding round so far, but does not identify which individuals or funds are involved.

A representative for 23andMe previously confirmed Sequoia Capital and NewView Capital co-led the round. It is not yet clear whether the funding round could be converted into an investment alongside the SPAC deal, commonly called a PIPE investment. The structure of the PIPE allows private and existing investors to allocate funds, and therefore shares in the newly public company, at a discount.

To date, 23andMe has raised $791 million, according to the company's website. It was last privately valued at $2.5 billion,

 

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