The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Men’s Health startup Numan bags $40m
Men’s health startup Numan announced the completion of a $40m Series B round led by White Star Capital, with existing investors Novator, Vostok New Global, Anthemis Exponential and Colle Capital, and new investor Hanwha Dream Fund participating.
The largest raise in the space of men’s health in Europe to date, it brings the startup’s total investment raised to $53m, following its $13m Series A in October 2020.
The startup, which launched in 2018 plans to use the funding to propel its mission of making wellness more accessible to men.
Period-tracking app Flo gets a $50m cash injection
The app, which has a user-base of approximately 200M globally, will use the capital to bolster its workforce across product, engineering and medial roles.
It is aiming for $100m in annual revenues, made from subscriptions, by the end of 2021.
Tia raises $100m to fuel innovation in women’s health
New York-based women’s healthcare provider Tia, has raised $100m in Series B funding from Lone Pine Capital, Threshold, Define Ventures, Torch Capital, ACME, Compound, Combine, The Helm, Human Ventures, Seae Ventures and Gingerbread Capital.
The company, which provides both virtual care and brick-and-mortar services for a variety of women’s health needs, plans to use the capital to expand its care model to more than 100,000 women by 2023. It also wants to grow its virtual and brick-and-mortar services in new markets.
Beauty and wellness brand Beauty Pie raises $100m
Beauty Pie, a beauty buyers club touting beauty and wellness products has raised $100m in Series financing. Index Ventures co-led the round with US-based global private equity and venture capital firm Insight Partners. The brand’s total funding to date is now approximately $170m.
With the new round of funding, Beauty Pie plans to turn the high-markup beauty industry upside down, with more warehouses, pop-up shops and a new membership model.
Thorne HealthTech announces launch of initial public offering
Thorne HealthTech, which provides personalised health and wellness solutions in the form of vitamins and supplements, has filed to raise $100m in an IPO.
The company, which sells products directly, has a subscription program with 194,778 active subscriptions as of June 30, 2021.
DotCom Therapy secures $13m to address shortage of mental health resources for children
DotCom Therapy, a pediatric teletherapy provider, raised $13m in Series A funding to drive the expansion of its pediatric teletherapy resources, especially within healthcare systems nationwide. The expansion will help to address the dire widespread shortage of professional therapists and mental health resources in that sector.