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Ixlayer Raises $75M in Oversubscribed Series A Round

NEW YORK — Ixlayer said on Thursday that it has raised $75 million in an oversubscribed Series A round of financing.

The round was led by General Catalyst and included lead seed investor PearVC, Signatures Capital Founder and Managing Partner Bobby Yazdani, Uber CEO Dara Khosrowshahi, 23andMe CEO Anne Wojcicki, MBX Capital Cofounder and Managing Partner Zeshan Muhammedi, and Prologis CEO Hamid Moghadam.

In 2020, Ixlayer launched a digital platform designed to simplify genetic test ordering and results reporting. It also offers a direct-to-consumer platform for ordering nutrition and wellness tests. Amid the ongoing SARS-CoV-2 pandemic, the San Francisco-based company recently developed a workflow for its platform to improve access to COVID-19 testing.

"Our platform answers the most pressing telehealth needs in an industry grappling with scaling new products and solutions on the fly, and there is tremendous opportunity to provide higher quality care by growing these services," Ixlayer CEO Pouria Sanae. "When COVID-19 first began, we knew local governments, organizations and labs would struggle with the sudden volume of diagnostic testing. Fortunately, we had a ready-made product in place to drive patient engagement by making lab testing accessible from consumers' homes."