Cash Flow: Hydrow Eyes SPAC Deal, €45m For v2food, DayTwo Banks $37m For Precision Nutrition

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

Kenshō Health raises $3.5m seed round

Kenshō Health, a care navigation and provider discovery platform for holistic medicine has raised a $3.5m Seed investment led by KB Partners. Company Ventures and Gaingels also participated, with all of Kenshō’s Pre-Seed investors – Crosscut, Female Founders Fund, Alumni Ventures Group, and Evolve Foundation – reinvesting.

The startup will use its latest infusion of capital to build out its team, drive patient demand, and capture provider supply, serviced by its latest product: Care Matching, the company’s first formal step into the care navigation space.

Plant-based cereal startup OffLimits announces $2.3m round of funding

OffLimits, a plant-based cereal startup launched in 2020 has raised $2.3m in pre-seed funding from Science Inc., Crosslink, Canaan, DBC Creative CEO Dana Cowin, Surface Magazine CEO Marc Lotenberg, TikTok executive Nick Tran and NTWRK president Moksha Fitzgibbons. The capital has been earmarked for scaling into retail, hiring new talent and building up inventory.

In addition to the funding, the company also released new cereal flavours, including Spark (strawberry flavour with antioxidants) and Flex, which has a cinnamon flavour and is targeted toward a health and workout-oriented audience.

DayTwo banks $37m for precision nutrition

DayTwo, a precision nutrition company with the world’s most advanced proprietary microbiome science, raised $37m in new funding to accelerate its expansion of chronic disease solutions for employers, health plans, and health systems.

The financing will support the growing demand for DayTwo’s virtual care solution for metabolic diseases, including diabetes, prediabetes, and obesity.

The round was led by Cathay Innovation and aMoon, bringing its total fundraise to date to $85m.

Levi’s acquires Beyond Yoga 

Iconic jeans maker Levi Strauss is getting into the activewear game with the acquisition of Beyond Yoga, a fast-growing, premium athletic and lifestyle apparel brand based in the US.

The deal, for which financial terms have not been disclosed, will enable Levi’s to diversify its business and break into the $350+ billion activewear market — a strategy it predicts will add more than $100 million to its net revenue next fiscal year.

V2food raises €45m to bring plant-based products to new markets

Meat alternatives company v2food raised €45m in a Series B extension round led by Astanor Ventures. The new funding brings its total capital raised to €92m.

The Australian-based company, which produces a range of alternative protein products, including plant-based burgers and sausages made from legumes plans to use the funding to bolster expansion into Europe and China.

Connected rower Hydrow in talks to go public

At-home, connected rower Hydrow is rumoured to be in talks to go public through a merger with Sandbridge X2 Corp., according to Bloomberg.

The companies are said to be in talks about a transaction that values the combined entity at more than $1bn, said sources close to the matter. Sandbridge X2 is in talks with prospective investors about raising a private investment in public equity, one of the people added.