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Veritas Intercontinental

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Offer high quality genetic tests and pre and post-test counseling

Pozuelo de Alarcón, SpainFounded 2018Biotech & Life Sciences
Valuation $10–25M Last recorded · 2020
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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About Veritas Intercontinental

Veritas Intercontinental operates as a specialized entity in the genetic and genomic diagnostics sector, aiming to translate complex genetic data into actionable health information. The firm was established as a spin-off from the U.S.-based Veritas Genetics in 2018 to expand genetic services across Europe, Latin America, the Middle East, and Japan. The parent company, Veritas Genetics, was co-founded in 2014 by a team that included renowned geneticist George M. Church, a Harvard Medical School professor who was instrumental in the Human Genome Project, and serial biotech entrepreneur Mirza Cifric. Cifric, who served as CEO, brought his experience from previous ventures like AbVitro Inc. and Solmap Pharma. The other co-founders were Preston Estep, who served as Chief Scientific Officer and has a background in genetics from Harvard, and Jonathan Zhao.

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The company's business model centers on making whole genome sequencing (WGS) more accessible and affordable for both direct consumers and healthcare providers. Revenue is generated through the sale of genetic testing services, which range from comprehensive WGS to more targeted panels. A key milestone for Veritas Genetics was breaking the $1,000 price barrier for whole genome sequencing, later offering promotional pricing as low as $199, which garnered significant media attention. The company provides its services through an online platform where physicians and consumers can order tests and receive results via a user-friendly digital portal and app. Clients include individuals seeking proactive health insights, as well as healthcare institutions and professionals who integrate these genetic services into clinical practice through partnerships and bulk purchasing agreements.

Veritas offers a portfolio of services focused on preventive and perinatal medicine. Its flagship product, myGenome, is a WGS and interpretation service that provides insights on inherited risks for conditions like cancer and cardiovascular diseases, carrier status for hereditary diseases, and pharmacogenomic data on reactions to specific medications. Beyond WGS, the company offers exome-based testing and specific services for maternal-fetal medicine, such as non-invasive prenatal testing. The service includes genetic counseling to help customers and physicians interpret the results and formulate action plans. In March 2022, both Veritas Genetics and Veritas Intercontinental were acquired by LetsGetChecked, a global at-home healthcare solutions company, with the goal of integrating Veritas's deep genomic capabilities into a broader diagnostic and virtual care platform.

Source: Dealroom company data

At a glance

Founded
2018
Headquarters
Pozuelo de Alarcón, Spain
Sector
Biotech & Life Sciences

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

Series B and later1 investor entered at this stage

  • Veritas Genetics
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
10 countries with
team presence
🇪🇸 Spain70.3%
🇮🇹 Italy11%
🇨🇴 Colombia9.9%
🇵🇹 Portugal2.2%
🇬🇧 United Kingdom1.1%
Top 5 of 10 shown

Market sentiment

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