Welltodo Today: This Wellness Startup Just Raised $90M, Casper Reaches Unicorn Status, This Works Expands Beyond Sleep Products

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Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.

This Bioengineering Startup Just Raised $90 Million To Make Your Veggie Burger Taste Better – Forbes Africa

One of the ag tech world’s few unicorns is spinning off a new food ingredients company called Motif Ingredients with a $90 million Series A. Motif will leverage intellectual property and facilities from its parent company Ginkgo Bioworks, which was last valued in 2017 at $1.38 billion, when it raised a $275 million Series D.

Kohl’s, With Help From Planet Fitness, Is Making Sure It Doesn’t Get Stuck In The Middle

The woes of Sears and J.C. Penney highlight the challenges facing the mid-priced department store sector, but Kohl’s is determined to buck that trend. The retailer’s shares jumped 7.3%, making it the biggest S&P gainer on Tuesday, after the company reported better-than-expected fiscal-fourth-quarter results.

Casper’s Latest Funding Shows Direct-to-Consumer Hype Isn’t Dying Down Anytime Soon

This week, direct-to-consumer mattress brand Casper reached unicorn status (with a valuation of $1.1 billion) with a $100 million round of funding, making it the third DTC brand this month to do so. The investment is going toward more brick-and-mortar stores-the company currently has 23 stores-and expanding internationally, particularly in Asia, Bloomberg reported.

Skin-care brand This Works expands beyond sleep-focused products – Glossy

This Works, the U.K. skin-care brand founded in 2003, launched a new category of products this month called Morning Expert to build out a strategy of serving customers 24 hours a day.

Soon-to-open Equinox Hotel expected to set new benchmark for wellness

Lifestyle company Equinox has announced that its first short-stay hospitality venture – the long-gestating Equinox Hotel at 35 Hudson Yards – will throw open its doors in June. The innovative project, which has been making waves since it was first announced in 2016, will feature an array of health-centric offerings, such as rooms with amenities devised to increase sleep wellness, and private fitness sessions led by professional trainers and nutritionists.

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