Struggling poo-testing startup uBiome files for bankruptcy, months after FBI kicks off investigation
Months after the FBI launched a probe into its billing practices, beleaguered poo-testing startup uBiome has filed for bankruptcy.
Jessica Richman and Zach Apte launched uBiome in 2012, after raising $350,000 from a crowdfunding campaign to facilitate a microbiome study. The company — which maps the ecosystem of microbes in the body to develop tests evaluating gut and vaginal health — has since hauled in more than $100 million in venture capital from Y Combinator, Andreessen Horowitz, and 8VC.
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