MyHeritage Ltd.

Company Snapshot

Founded: 2003
Entity Type: Private
Region: Israel
Headquarter: Or Yehuda, Israel
Key Geographics: North America, Europe, Middle East
Corporate Address: 3, Shderot Ariel Street Or Yehuda 2432106 Israel www.myheritage.com

Company Overview

MyHeritage Ltd., established in 2003, is a leading provider of direct-to-consumer (DTC) genetic testing services, focusing on both ancestry and health insights. The company is best known for its MyHeritage DNA test, which helps users trace their family history, explore their ethnic origins, and connect with relatives through DNA matching. It also offers access to a comprehensive database of historical records, family trees, and genealogical documents, making it a popular platform for genealogy research, especially in Europe.

In 2021, MyHeritage was acquired by Francisco Partners, a leading global investment firm specializing in technology-focused businesses. This acquisition allowed MyHeritage to leverage Francisco Partners’ expertise in fostering tech-driven growth, enabling the company to expand its services and continue innovating in the ancestry and health sectors.

MyHeritage Ltd. In Reports

Direct-to-Consumer Genetic Testing: Global Markets and Technologies

BCC Research Market Analyst says global market for DTC genetic testing is expected to grow from $2.3 billion in 2024 and is projected to reach $3.7 billion by the end of 2029, at a CAGR of 10.0%.

Direct-to-Consumer Testing Industry: Global Markets

BCC Research Market Analyst says global market for direct-to-consumer testing is estimated to increase from $1.6 billion in 2023 to reach $3.2 billion by 2029 at a CAGR of 12.5%.

Direct to Consumer Testing Industry: Global Markets

BCC Market Research Report says Direct-to-Consumer (DTC) testing should grow from $1.4 billion in 2020 to $2.6 billion by 2025 with a compound annual growth rate of 14.2%.

Company's Business Segments

  • DNA Testing : The company offers platform for individuals to discover, preserve, and share family history through a combination of online services and DNA testing.

Applications/End User Industries

  • Historical Research and Education
  • Antemortem Identification
  • Medical Researchers
AI Sentiment