The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Nature’s Fynd banks $350m in Series C funding
Fermented protein company Nature’s Fynd raised $350m in a round led by SoftBank’s Vision Fund 2. Blackstone Strategic Partners, Balyasny Asset Management, Hillhouse Investment and others also participated.
This latest round of funding will help accelerate the brand’s growth — expanding its production capacity, delivering exciting partnerships, laying the foundation for global reach and extending its product portfolio.
FLY LDN surges past £250k crowdfund target
The company reported a £4,000,000 pre-money valuation, a £1.55 share price and 7.85% equity.
The capital will be used to fuel the growth of its digital fitness platform FLY LDN Online.
Titan raises $58m for financial wellness
Titan, a new-guard investment platform bringing premier investment management to the everyday investor, has closed a $58m Series B fundraising round led by Andreessen Horowitz (a16z), with participation from existing investors including General Catalyst, BoxGroup, and Ashton Kutcher’s Sound Ventures. The round also featured participation from an all-star line-up of pro athletes and celebrities, including Odell Beckham Jr., Kevin Durant, Jared Leto and Will Smith.
The capital will be used to support its mission to lead the world to better wealth by enabling everyone to invest in the world’s success.
F45 starts trading on New York Stock Exchange
Fast-growing fitness franchise F45 began trading on New York Stock Exchange ahead of the company’s US and global expansion plans.
The functional fitness brand sold more than 20 million shares for $16 each last Wednesday after marketing them for $15 to $17. The shares, which opened last Thursday at $17, closed up 1.3% from the offer price to $16.20, giving F45 a market value of $1.46 billion.
Nourish By Jane Clarke launches crowdfunding campaign
The funding will allow the startup to produce more Nourish drinks and reach more people who will benefit from its all-natural nutritional supplement, whether that’s in care settings, hospitals, or at home.
Wicked Kitchen secures $14m to propel US expansion
The brand, which recently partnered with Beyond Meat to launch a frozen ready meal range, is now set to expand into the US.
Better-for-you cocktail brand AVEC wins funding from Pharrell Williams
Black Ambition provides mentorship and access to capital for high-growth startups founded by Black and Latinx entrepreneurs.
As a recipient of one of the top three awards (which ranged from $100,000 to $1 million), AVEC is honoured to be recognised by the organisation in its inaugural year, which Pharrell Williams founded to focus on closing the opportunity and wealth gap through entrepreneurship.
Fabletics mulls IPO
Kate Hudson’s athleisure and fitness brand Fabletics is said to be mulling an IPO that could see it valued upward of $5bn, sources say.
According to the WSJ, it has already tapped banks including Morgan Stanley, Goldman Sachs Group Inc., Barclays Plc and Bank of America Corp to help it prepare, and is aiming to raise around $500m.