TechCrunch
You don’t often hear of five-year-old companies raising multi-million dollar seed rounds, but that’s exactly what’s happened in Hong Kong today where biotech firm Prenetics closed $2.65 million for its next-generation prenatal DNA testing.
Prenetics has also got itself a new CEO: Danny Yeung, who led Groupon’s East Asia business until April of this year. Yeung, who is not drawing a salary and participated in the round in a personal capacity, helped bring other investors to the tablet, including 500 Startups, SXE Ventures (a fund Yeung co-founded this year), Groupon’s APAC lead Joel Neoh, and Singapore’s Coent Venture Partners.
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