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Healthtech 54gene of Nigeria to closedown

👨🏿‍🚀TechCabal Daily - 54gene shuts down

Nigerian genomics startup 54gene is shutting down. Yesterday, ex-CEO Ron Chiarello confirmed the startup's closure to TechCabal.

Exclusive: After raising $45m in two years, 54Gene is shutting down

Genomics startup 54Gene has initiated the winding down of its operations, sources connected to the company confirmed to TechCabal. The company started the process in July 2023.

54gene's workforce got leaner amid a fresh change in management

54gene cuts about 25% of its already lean workforce amid a fresh change in management and a bid to raise new investment.

👨🏿‍🚀TechCabal Daily - Nigeria's new tech fund

The Nigerian government has launched a $672 million fund for tech for young people in its tech and creative sectors. The fund will see investments across 200 tech and creative startups, and 450 tech-powered SMEs. More in #TCDaily.

Nigeria's genomics startup, 54gene gets new CEO

Ron Chiarello, PhD, has been appointed CEO after serving as co-CEO of 54gene, Inc. a health data technology company on a mission to transform

54gene Announces Leadership Changes in Mission to Transform Diversity of Genomics Research Data

54gene's trouble came from a costly failed business bet

Accepting to raise a down round at over 3x valuation cut shows that 54gene was in need of rescuing cash. Here’s how it fell into dire straits

54gene CEO steps down 2 months after the company laid off 30% of its workforce

It’s not clear why Ene-Obong is stepping down, but the company’s recent struggles are likely to be a contributing factor.

African genomics startup 54gene CEO Steps Down and Teresia Bost Appointed as Interim CEO    : TechMoran