The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Food and health tech startup Feedr Acquired by Compass Group
Compass Group UK and Ireland has acquired food and health technology startup Feedr, in a move to accelerate its digital transformation. The deal, which is understood to be in the region of $24m, was completed in early March 2020 and will play a key role in reshaping the “return to work” strategy for Compass.
In addition to adopting Feedr technology, Compass will invest in growing Feedr as an independent brand which will continue to operate in the delivery market with its Cloud Canteen product, with Feedr leveraging the Compass global platform to accelerate its growth.
Health company Thriva secures £4m from Pan-European Venture Capital Firm
The investment, which takes Thriva’s total funding to £11m, will support the company as it expands its at-home health service designed to help people stay on the front foot with their health and to continue putting better health in your hands.
Anytime Fitness Asia Acquired by Inspire Brands Asia Amidst COVID-19 Crisis
Anytime Fitness Asia has been acquired by Inspire Brands Asia — a consortium of its top sub-master franchisees in Malaysia, Philippines, and Singapore — lead investor Exacta Capital Partners and co-investor Aura Group.
The acquisition includes the Master Franchisee license in Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Vietnam, Hong Kong, and Macau, with over 350 locations sold and over 250 gyms opened.
Mindstrong secures £100m to monitor wellness via smartphone activity
Mindstrong, a healthcare company dedicated to transforming mental health through innovations in virtual care models and digital measurement, has secured $100m in Series C fundraising.
Mindstrong’s Series C raise included participation from new and existing investors, including General Catalyst, ARCH Venture Partners, Foresite Capital, Optum Ventures, and What If Ventures, among others.
In addition to its virtual care model, Mindstrong’s member-facing smartphone app allows members to monitor their mental health symptoms through AI-powered digital biomarker technology that can track changes in mental health symptoms.