Cash Flow: Headspace Health Nabs AI-Driven Startup, Planet Fitness Acquires 114 Locations, Moon Juice Is Raising

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

Headspace Health acquires AI-driven mental health and wellness company

Headspace Health, a digital mental health platform recently formed by Headspace and Ginger has acquired Sayana, an AI-driven mental health and wellness company. Sayana will expand Headspace Health’s ability to provide personalised self-care content to its growing global member base.

Sayana founder and CEO Sergey Fayfer will join Headspace Health and take on a product leadership role, along with an experienced team of engineers and designers who will further advance the company’s unique and engaging member experiences.

Mental Health platform Sanctus raises £4.25m from ScaleUp Capital

Mental health coaching platform Sanctus has raised £4.25m from ScaleUp Capital — an investment company that specialises in funding small digital businesses.

The investment, which is the startup’s first major cash injection will be used to improve its tech. Currently, it offers one-to-one coaching for employees at more than 100 companies including dentsu, Vice, Cleo, Workday, Octopus Energy, KFC and Sports Interactive. However, with its fresh backing, it also plans to expand into new services and geographies.

Wellness brand Moon Juice is raising $7m

Los-Angeles based wellness brand Moon Juice is in the process of raising $7m in new funding. The company, which recently secured $5.1m in capital intends to raise another $1.9m according to an SEC filing.

It plans to use the cash injection to fund its ongoing expansion and marketing efforts — in particular to grow its footprint across the rest of the US.

Healthcare provider Diana Health raises $11m

Diana Health, a healthcare provider redesigning maternity and women’s health in partnership with leading health systems has closed an $11m Series financing round.

The funding, co-led by LRVHealth and .406 Ventures, with participation from existing investor AlleyCorp, will be used to launch Diana Health’s first locations in 2022, expand the company’s technology platform and position it for rapid growth in 2023 and beyond.

Planet Fitness acquires Sunshine Fitness Growth Holdings

Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centres, has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings — a leading owner and operator of more than 100 Planet Fitness clubs in the Southeast United States, in a cash and stock transaction valued at $800m.

Following the purchase, Planet Fitness will own more than 200 corporate stores, allowing it to retain an asset-light business model which it says is an important part of its shareholder value proposition.

FitLab lands $15m to scale global brands and open more sites

US-based fitness studio FitLab has raised $15m in Series A funding from a group of investors including Two Styx Capital, CAVA Capital, Snoop Ventures, Audie Attar of Paradigm Sports Management and Courtney Reum of M13. The round brings its total capital raised to more than $15m.

The funds will be used to scale its global brands, accelerate the opening of boutique fitness studios, launch new mass-participation events and develop technologies that bridge the gap between at-home and in-person fitness.

Withings acquires Impeto Medical to strengthen and grow its research and development of medical technologies

Withings, a pioneer of the connected health movement, has announced the acquisition of Impeto Medical, a specialist in R&D, manufacturing and distribution of innovative medical devices for physicians. Financial terms have not been disclosed.

The announcement incorporates the ownership of Impeto’s SUDOSCAN technology, a leader in detecting and tracking peripheral neuropathies. The procurement will strengthen the research and development of new technologies for future Withings health products and services.

Personal health concierge HeyRenee closes $4.4m round

Personal health concierge HeyRenee has closed a $4.4m Seed II funding round led by Quiet Capital, with participation from City Light Capital, Fika Ventures, Global Founders Capital, Mucker Capital, SaaS Ventures, and Tau Ventures. 

The company, which has raised a total of $8.2m and tripled its valuation in just five months, plans to use the cash to accelerate its mission of enabling effective whole-person healthcare.

Set to launch in early spring 2022, it aims to be the first-ever open platform to work with every provider, partner, and point solution to seamlessly curate the perfect combination of services for each patient’s specific needs and then guide patients through an easy, interactive daily plan.