Gene Solutions Seeks $70 Million Funding for Regional Push
- Mekong Capital-backed startup plans to complete round in 3Q
- Vietnam diagnostic testing startup expanding lab network
This article is for subscribers only.
(Bloomberg) — Mekong Capital Ltd.-backed Gene Solutions is looking to raise as much as $70 million this year to fund its Southeast Asia expansion as the diagnostic testing services provider weighs a share sale within two years.
The Ho Chi Minh City-headquartered company has reached out to investors in countries including the U.S., China and Japan to complete its latest funding round by the third quarter, Chief Financial Officer Hoa Nguyen said in an interview. Gene Solutions has raised about $40 million from three earlier rounds, he said.