Prenetics Raises $48 Million for Expansion into Health Tech and Crypto

Health tech company Prenetics Global has secured a significant funding boost of $48 million, fueling its expansion plans in both the health and cryptocurrency sectors. The investment will be used to bolster Bitcoin reserves and accelerate global market reach for its vitamin supplement brand, IM8. This move demonstrates the trust placed by prominent investors including Kraken, Exodus, DL Holdings, GPTX fund of Jihan Wu, Hong Kong businessman Adrian Cheng, and tennis star Aryna Sabalenka in Prenetics’ strategic direction.