HLM and Illumina lead $71m round for LetsGetChecked

Also participating were new investors Deerfield, CommonFund Capital and Angeles Investments, and existing investors Transformation Capital, Optum Ventures and Qiming Venture Partners USA.

The round was oversubscribed, according to the report.

The fresh capital will fund the company's move into testing for coronavirus. LetsGetChecked also plans to expand supply and business operations, and support personnel across the US and Europe.

Illumina Ventures founding partner Nick Naclerio and Steven Tolle, partner at HLM Venture Partners, have joined LetsgetChecked's board.

In mid-March, the company contacted health authorities in Ireland to offer its coronavirus test to frontline healthcare workers.

Previous funding
In March 2018, Qiming Venture Partners took part in a $12m series-A funding round for LetsGetChecked. Optum Ventures, the corporate venture arm of healthcare and pharmaceutical services group Optum, led the round.

Leerink Transformation Partners led a $30m funding round in May 2019, with participation from existing investors Optum Ventures and Qiming.

Company
Founded in 2015, LetsGetChecked offers at-home testing kits for a variety of diseases. It has almost 250 employees and is based in Dublin and New York.

People
LetsGetChecked – Peter Foley (founder).

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• Topics
• Expansion
• UK / Ireland
• Healthcare
• Venture
• Ireland