The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Oatly sells $200m in equity to investors including Oprah and Jay Z
Plant-based milk brand Oatly has agreed to sell a minority $200m stake to a group of investors including Oprah Winfrey, Jay Z, Blackstone Growth, former Starbucks Chairman and CEO Howard Schultz, Orkila Capital and Rabo Corporate Investments. As part of this transaction, Oatly’s founders will also be reinvesting in the company’s growth by providing additional capital.
The injection of capital will fund the company’s overall growth plans, which include expansion in current markets and new production plants and related jobs in Europe, the United States and Asia. By bringing facilities closer to consumers, the company will make the Oatly product range more readily available to the growing community of health and environmentally conscious consumers worldwide.
Gwyneth Paltrow invests in modern therapy startup Real
The digital-first service, which is yet to launch publicly, enables members to participate in group therapy meetings, events and sessions focused on common themes such as body image, miscarriage, or sexuality.
Other investors in the round included Female Founders Fund, BBG Ventures and Great Oaks Venture Capital/
Nuggs launches parent company Simulate backed by $4.1m
Plant-based chicken nugget startup Nuggs has announced the launch of SIMULATE, a new parent company, which will launch new nutrition technologies over the next few months.
The moves follows news of a new funding round, which brings the company’s total investment to date to $11m. Nuggs’ $4.1m in new investment comes from Lerer Hippeau (via BN), AgFunder, Alexis Ohanian (co-founder of Reddit), Walter Robb (former CEO of Whole Foods), and Jasmine Tookes (the model and Victoria’s Secret Angel.)
Kindbody raises $32m to fuel growth of women’s health platform
Fast-growing health and technology company Kindbody, which provides fertility, gynaecology, and family-building care, has secured $32m in a Series B funding round led by Perceptive Advisors, bringing its total amount raised to $64m.
The startup, which offers end-to-end services from preconception through postpartum, serving as both a provider and network solution, says it will use the capital to expand its national footprint across the US and build an international presence, through brick-and-mortar locations and a growing “Center of Excellence” (COE) network of partner clinics.
RSG Group set to acquire Gold’s Gym for $100m
Following the acquisition, RSG Group will operate over 900 locations and will be represented on six continents.
The deal comes after Gold’s Gym, which was hit hard by the economic shutdown due to COVID-19, filed voluntary petitions for relief under Chapter 11 on May 4, 2020, in an effort to facilitate the financial restructuring of the company. The purchase is subject to final approval from the bankruptcy court. Approval is expected on July 24.
Boxing platform Liteboxer pulls in $4m in seed funding
The platform enables users to participate in boxing workouts from home, using a free-standing replacement for a heavy boxing bag, which is equipped with a lighting system that guides the user through a workout of their choice.