The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Cryotherapy chain Restore secures $8m to expand
The company, which recently opened its 50th location will use the cash injection to help accelerate innovation in delivering novel wellness solutions to clients, and fuel future growth nationally and internationally. As part of the transaction, Chris Kenny, Managing Partner of Level 5, will join Restore’s Board of Directors.
Baby food startup Mia & Ben raises £2.5m from impact food investor Blue Horizon Ventures
Baby food start-up Mia & Ben has raised £2.5m in funding from venture capital firm Blue Horizon Ventures. The startup, which aims to shake up the plant-based baby and toddler food category, can be found in Sainsbury’s, Abel & Cole and Ocado, now plans on expanding nationwide.
Blue Horizon Ventures’ managing partner, Michael Kleindl commented: “We invest in entrepreneurs that are looking to disrupt their segment by launching healthy, plant-based and sustainable food.” Adding: “Mia & Ben has the option to develop into a category winner.”
Ripple Foods receives investment from Hong Kong’s Multizen Holdings
According to Green Queen, it marks Multizen’s first sustainable impact investment into a startup providing disruptive food solutions, at a time when the plant-based trend is gaining traction in Asia.
Singer Pitbull becomes a significant shareholder in Halo Sport
Hydration drink company Halo Sport has a new shareholder in the form of international singer Pitbull. The artist is poised to work with the brand to advise on brand development, strategic investor relations and international expansion, as well as marketing initiatives and retail expansion and distribution strategy. Terms of the deal have not been disclosed.
Tatch secures $4.2m to tackle sleep apnea
Tatch, a startup building a sleep diagnostic and monitoring patch that can help diagnose sleep disorders including sleep apnea, has secured $4.25m in seed funding led by Spark Capital with participation from Abstract Ventures and Correlation Ventures. The startup says it plans to build out its team of engineers.
Sun Genomics raises $8.65m to improve Gut Health
Addition participation in the round included Danone Manifesto Ventures, SOSV, Human Longevity and Nascita Ventures. Capital has been earmarked for growth in the custom probiotics market, to scale delivery across the US and to expand into international markets.