Tuesday, September 7, 2021

Wavemaker Three-Sixty Health Gets Exit At Ciitizen

Los Angeles-based healthcare venture capital investor Wavemaker Three-Sixty Health has scored an exit in its portfolio, through the acquisition of Ciitizen by Invitae. According to Wavemaker Health, Ciitizen was its third investment in its fund. Ciitizen is a consumer health technology company, and also was backed by a16z, Section 32 and Verily. Invitae said it will acquire Ciitizen for approximately $325M, split between $125M in cash and 7,070,000 shares of its common stock, and will also issue approximately $225M in restricted stock.