23andMe

23andMe Holding Co.
Company typePublic
OTC Pink: MEHCQ
Nasdaq: ME
ISINUS90138Q3065
US90138Q4055 
Industry
FoundedApril 2006 (2006-04)
Founders
FateFiled for Chapter 11 Bankruptcy in March 2024
Headquarters,
United States
Key people
  • Joe Selsavage (CEO)
Products
Services
Revenue US$192 million (2024)
US$−681 million (2024)
US$−666 million (2024)
Total assets US$395 million (2024)
Total equity US$189 million (2024)
Number of employees
582 (2024)
Website23andme.com
Footnotes / references
Financials as of March 31, 2024.

23andMe Holding Co. is an American personal genomics and biotechnology company based in South San Francisco, California. It is best known for providing a direct-to-consumer genetic testing service in which customers provide a saliva sample that is laboratory analysed, using single nucleotide polymorphism genotyping, to generate reports relating to the customer's ancestry and genetic predispositions to health-related topics. The company's name is derived from the 23 pairs of chromosomes in a diploid human cell.

Founded in 2006, 23andMe soon became the first company to begin offering autosomal DNA testing for ancestry, which all other major companies now use. Its saliva-based direct-to-consumer genetic testing business was named "Invention of the Year" by Time in 2008.

The company had a previously fraught relationship with the United States Food and Drug Administration (FDA) due to its genetic health tests; as of October 2015, DNA tests ordered in the US include a revised health component, per FDA approval. 23andMe has been selling a product with both ancestry and health-related components in Canada since October 2014, and in the UK since December 2014.

23andMe became a publicly traded company in 2021, via a merger with a Special Purpose Acquisition Company (SPAC), and soon had a market capitalization of US$6 billion. By 2024, its valuation had fallen to 2% of that peak. In March 2025, 23andMe filed for Chapter 11 bankruptcy, and CEO Anne Wojcicki resigned. Due to the sensitive nature of data stored by 23andMe and privacy concerns due to bankruptcy filing, the attorney general of California subsequently issued a consumer alert for its customers.

On May 19, 2025, Regeneron agreed to buy 23andMe out of bankruptcy for $256 million. In June 2025, TTAM Research Institute, a non-profit founded by Anne Wojcicki, outbid Regeneron and won the bid for 23andMe for $305 million.