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Wellness Startups 🌱 Spring 2021

Wellness Startups 🌱 Spring 2021
May 6, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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In what feels like the first Spring in ages, people are ready to shed sweatpants and return to normalcy feeling good. Today we look at the Wellness industry to see just where consumer trends are heading this season after being dramatically shifted by the pandemic.

                                   

Meditation

Usage on meditation apps has spiked over the last year, with mindfulness novices turning to apps like Calm to settle COVID-anxiety. Calm raised its Round C in December of 2020, led by Lightspeed Venture Partners, with plans to expand via video streaming, music, and partnerships.

The app Insight Timer has created a veritable cottage industry for meditation teachers, sound healers, and yoga teachers, who use the app to reach the app's millions of mindfulness seekers. The private company has revealed that its team has grown from 30 to 130 in the last year and plans to build upon its users' attention, who collectively spent more than 5.6 billion minutes on the app in 2020.

Skincare 

People are peeling off their masks, hoping to reveal beautiful skin, rather than the dreaded "maskne." Beauty Counter has been delivering on clean beauty & skincare since 2012 and was acquired by the Carlyle Group in April, bringing it officially into unicorn status. 

Investors are hoping to get in early with the men’s skincare brand Disco. Midnight Ventures led the $5MM seed round alongside investors familiar with the category, such as Bryan Mahoney, formerly of Glossier. The funding will help this Austin startup expand its product offerings, add to the team, and expand into retail, with deals with Nordstrom and other retailers.

                   

Fitness & nutrition

These companies believe that home-cooking and home fitness are behaviors that are here to stay. 

Bringing rowing to the home, Ergatta, much like Peloton, believes its customers are ready for premium fitness equipment and a sleek experience. Investors are hoping the same; after a seed round last summer, Ergatta raised its Round A in April, bringing in $30MM.

Personalized nutrition recommendations are satisfying a particular hunger from consumers interested in optimizing unique body needs. Startup Zoe has just raised its B round, bringing in $20MM led by Ahren Innovation Capital.

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Since last week, PrivCo has added:
644 Companies | 207 Funding Activities | 77 M&A Deals

Funding & Deal Highlights:

Kajabi raises $550MM from Tiger Global Management

Education Services - Equity - Irvine, CA


HoneyBook raises $155MM for Durable Capital Partners

CRM Software & Internet Services - Round D - San Francisco, CA
 

Carecar raises $3MM from Kapor Capital & Impact America Fund

Health Care Services - Seed - Dever, CO


Solidia Technologies raises $78MM from Imperative Ventures and Zero Carbon Partners

Building Products - Equity - Piscataway, NJ


STRAP Technologies raises $1.3MM from Platform Capital

Health Care Equipment - Equity - Austin, TX


Preshow raises $3MM from Karlem Capital Partners

Software & Internet Services - Seed - New York, NY


Moloco raises from Shinhan Financial Group

Advertising Software & Internet Services - Equity - Redwood City, CA


ReleaseHub raises $2.7MM from Sequoia Capital 

Cloud Software & Internet Services - Seed - San Francisco, CA


Catch Co. raises $38MM from True Ventures

Consumer Products - Round B - Chicago, IL


Keeper Tax raises $13MM from e.ventures

Fintech Software & Internet Services - Round A - San Francisco, CA


Alchemy raises $80MM from Coatue Management & Addition

Blockchain Software & Internet Services - Round B - San Francisco, CA

Kaia Health raises $75MM from Optum Ventures

Digital Health Software & Internet Services - Round C - Brooklyn, NY


Firstbase raises $13MM from Andreessen Horowitz

Remote Management Software & Internet Services - Round A - New York, NY


PortalOne raises $15MM from Roque Capital Partners

Virtual Reality Entertainment - Seed - Palo Alto, CA


Capsida Biotherapeutics raises $90MM from Abbvie

Biotechnology - Seed - Westlake Village, CA


Kickfurther raises $7.9MM from Grand Oaks Capital

Inventory Management Sofware & Internet Services - Seed - Boulder, CO


Salary.com raises $67MM from Accel-KKR, Centre Lane Partners & Wells Fargo Capital

Payroll Software & Internet Services - Equity - Waltham, MA


1upHealth raises $25MM from F Prime

Records Management Software - Round B - Boston, MA


Ceribell raises $53MM from Longitude Capital & The Rise Fund

Health Care Equipment - Round C - Mountain View, CA


Actuate raises $8MM from Tribeca Venture Partners 

Security AI Software & Internet Services - Round A - New York, NY


Logixboard raises $13MM from Redpoint Ventures

Analytics Software & Internet Services - Round A-2 - Seattle, WA


Get-Grin raises $10MM from TriVentures

Digital Health Software & Internet Services - Equity - New York, NY


RapidDeploy raises $29MM from Morpheus Ventures

Emergency Services Software - Round B - Austin, TX


Midgal Insurance acquires Global Energy Generation for $355MM

Industrial Services - Acquisition - PA

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