uBiome
Health TechUSAClosed 2019
Total Raised
$105M
Peak Valuation
$600M
Employees
—
Year Collapsed
2019
Business model
At-home microbiome testing kits, billed repeatedly to insurance without adequate clinical necessity documentation.
In brief
Sold at-home gut microbiome test kits, then aggressively billed insurers for follow-up tests without clear clinical justification. An FBI raid on its offices in 2019 revealed the founders had continued this billing practice despite internal warnings, and the company filed for ban…
See the What Happened tab for the full account.
Key facts
- Founded
- 2012
- Closed
- 2019
- Headquarters
- San Francisco, USA
- Industry
- Health Tech
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Jessica Richman, Zachary Apte
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Often compared with: 23andMe, Viome.