The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
At-home health testing startup Bisu raises $3.2m
Bisu, a startup that helps people improve their health and wellness through lab-grade testing at home, completed a round of seed funding of $3.2m. Leading the round was Korean biotech investor QUAD, with participation from ASICS Ventures Corporation, 15th Rock Ventures, Pacifico Investments and SOSV.
The funding will enable Bisu to bring to market Bisu Body Coach, a portable “home health lab” for personalised nutrition and lifestyle advice through easy, accurate urine and saliva testing.
Natural deodorant brand AKT banks £1.5m
Upmarket natural deodorant brand AKT has secured £1.5m in funding from Stonebridge, the digital-first consumer brand investment firm headed up by DTC entrepreneur James Cox (Simba Sleep, Carbon Theory, Mahabis).
The startup will use the investment from the London-based financier to increase the plastic-free firm’s footprint across Europe, in addition to enhancing its subscriptions, loyalty programs and eCommerce experiences.
Healthy food brand Good Good closes $2m Series A
Good Good, an Icelandic brand known for its no added sugar products including jams, spreads, keto bars and natural sweeteners has closed a $2m Series A follow-up round of investment led by current investors, Icepharma, K2B Investments and Aton.JL.
The funding comes a year after the brand received a $3m Series A round of investment in spring of 2020 and will help Good Good scale its production and new product innovation efforts.
Mental health platform Mindlabs raises $3.5m
Mindlabs, a mental health platform based in London, has raised $3.5m in a seed funding round with participation from PROfounders Capital, Slack Fund, the executive chairman and ex-CEO of Sky Jeremy Darroch and existing investors Seedcamp and Passion Capital.
The company has earmarked the capital to double its investment in product, as well as hiring for roles across Engineering, Product, Marketing and Content teams in London and Berlin.
Alpha Paw lands $8m for pet wellness
The startup, which offers pet products for dogs and cats like food and supplements that are customised with pet breed in mind, intend to use the investment to fund customer acquisition growth, product expansion and general expansion, including internationally.
BetterUp raises $300m Series E at $4.7bn valuation
BetterUp, which provides virtual professional coaching for mental fitness and human transformation for the enterprise, has closed a $300m Series E fundraise.
This round brings the company’s valuation to $4.7bn and total funding to $600m, making it the largest mental health and coaching company in the world.
Wellington Management, ICONIQ Growth, and Lightspeed Venture Partners led the round with participation from existing investors Salesforce Ventures and Mubadala Investment Company, also customers of BetterUp, along with Sapphire Ventures, Morningside Group, SV Angel, and PLUS Capital.
Atlantic Food Labs relaunches with €100m food tech fund
Atlantic Food Labs, an offshoot of the Berlin fund Atlantic Labs, is relaunching as FoodLabs, backed by a €100m food tech fund to invest in food, health and sustainability startups.
According to TechCrunch, the new entity will focus on intellectual property and “scalable digital business models toward a more efficient and sustainable food industry from earth to earth, from agriculture, production, distribution, human health to zero waste.”