Cash Flow: BioBeats Is Acquired, Fitness App Aaptiv Raises Fresh Funding, The Collaborative banks $7M

The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.

Fitness app Aaptiv raises fresh funding from Insight Partners

Aaptiv, a provider of premium digital health and wellness content that has garnered over 200,000 paying members since its launch in 2016, has raised an undisclosed amount from Insight Partners. The capital will be used to continue expanding its Enterprise channel, which was launched to provide classes via applications on other platforms. 

The startup, which has raised more than $60m to date from investors including Amazon and Disney, is valued at $200m.

BioBeats acquired by health-tech company Huma

BioBeats — an AI & Biofeedback app, designed to teach people where their stress comes from and how to manage it — has been acquired by leading health-tech company Huma. 

“Collaboration is at the heart of Huma, and together we have the technology, data and insights to redefine health, making the leap from reactive to proactive medicine,” said the startup in an email to customers. 

Gousto secures £33m as sales soar

Recipe box company Gousto has raised £33m in a funding round led by Perwyn, BGF and MMC Ventures, with participation from fitness trainer Joe Wicks.

The fresh capital follows a spike in sales accelerated by changes in consumer behaviour in response to the coronavirus pandemic.

Gousto has said it will use the funds to expand its London tech team and double down on innovation.

The Collaborative banks $7m in funding from PowerPlant Ventures

Fast-growing premium plant-based yoghurt and dessert brand, The Collaborative (previously The Coconut Collaborative) has expanded its leadership team with Meiky Tollman as the new CEO, as well as announcing a $7m Series A investment from PowerPlant Ventures.

According to the brand, the investment will allow it to leverage the momentum of its growth, as well as expedite its expansion into more conventional and natural grocery channels. 

Kate Farms Targets Consumer and healthcare backed by $23m

Kate Farms, a manufacturer of plant-based formula prescribed to people with chronic diseases, has raised $23m in a round led by David Roux, co-founder of Silver Lake.

The funds will be used to accelerate growth, enable further hiring and facilitate continued innovation, as the company continues to drive change and clinically better outcomes in the medical nutrition space.