The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Superfood startup Your Super raises $10m led by PowerPlant Ventures
Your Super, a startup selling organic superfood powders has raised $10 million in series B funding led by PowerPlant Ventures –– an equity fund, with a portfolio including Beyond Meat, Thrive Market and JUST. The cash injection will be used to expand its team and develop new products.
Founded by Michael Kuech and Kristel de Groot in 2015, the company aims to educate and inspire people to fuel their body with the best natural whole foods. Its products include. 7 functional superfood mixes for extra energy, immunity, antioxidants and vegan protein.
Mental health startup Lyra Health bags $75m
Lyra Health, a provider of innovative mental health benefits for employers, announced a Series C financing round of $75m led by IVP –– a premier later-stage venture capital and growth equity firm focused on investments in rapidly-growing technology companies.
The company, which provides personalised recommendations based on each individual’s needs – including therapy, coaching, and medications – and offers fast access to top evidence-based providers, says it will use the funding to expand its platform technology and network of evidence-based mental health providers.
Impossible Foods $500m funding round to accelerate new plant-based products
Impossible Foods confirmed it has secured approximately $500m, bringing its total funding to date to almost $1.3bn since 2011.
The Series F round led by new investor Mirae Asset Global Investments, with participation from existing investors including Khosla Ventures, Horizons Ventures, and Temasek, will be used in part to invest in fundamental research and innovation, accelerate its manufacturing scaleup, expand its retail presence and its availability in key international markets, and accelerate commercialization of next-generation products including Impossible Sausage and Impossible Pork, both made From plants.
Oura Ring Secures $28m to facilitate better sleep
In a Medium post announcing the raise, Oura CEO Harpreet Singh Rai said the funds would be used to help grow the Oura team by hiring key talent and facilitate the roll-out of a redesigned website which will house a new content portal to bring actionable insights for users to the forefront.
The company, which launched in 2018 has already sold over 150,000 of its rings and grown its team to over 100 people globally.
Health-tech company Tempus raises $100m
The company, which has built an operating system to deliver personalised cancer care, says it will use the capital to expand into other disease areas, including diabetes, depression and cardiology.