LetsGetChecked, the Ireland-headquartered provider of diagnostic testing kits for home use, closed a $150m series D round yesterday featuring genomics technology producer Illumina and healthcare services provider Optum.
The round was led by investment firm Casdin Capital and included CommonFund Capital, Transformation Capital, HLM Venture Partners, Qiming Venture Partners USA and Symphony Ventures, the private investment vehicle for professional golfer Rory Mcllroy.
Illumina and Optum took part in the round through their respective corporate venturing units, Illumina Ventures and Optum Ventures. The Irish Times reported it valued the company at over $1bn.
LetsGetChecked produces a range of at-home testing kits for men and women’s health, general wellness and sexual health. It also produces testing kits for covid-19, which can provide results online in one to two days.
The proceeds of the round will be used to launch new offerings including virtual consultation services, pharmaceutical services and new types of testing kits.
The company has raised $263m since it was founded in 2015. Illumina Ventures and HLM Venture Partners co-led a $71m round in May 2020 that included Optum Ventures, Deerfield, CommonFund Capital, Angeles Investment Advisors, Transformation Capital and Qiming Venture Partners USA.
LetsGetChecked had received $30m in its mid-2019 series B round, which was led by Leerink Transformation Partners and backed by Optum Ventures and existing investors including Qiming Venture Partners.
Optum Ventures had previously led a $12m series A round for the company in 2018, investing together with Qiming Venture Partners.