Headlines in the Global Wellness Economy
Global Wellness News™ | April 6th, 2023
Report: Digital health funding reaches $3.4B in first quarter filled with mega-deals
Digital health startups raised $3.4 billion across 132 deals in the first quarter, according to Rock Health’s latest funding report. Though investment in Q1 surpassed the last two quarters – where companies notched $2.7 billion in Q4 and $2.2 billion in Q3 – the authors noted this probably isn’t a return to the booming funding environment seen in 2021 and early 2022.
Padel Haus Adds $7.5M to Scale its Indoor Court x Club Concept
Pickleball’s European rival has arrived in America. The latest: Padel Haus, a 16K-square-foot padel club that opened in Brooklyn last summer, raised $7.5M in Series A funding. Billed as NYC’s “first and only” padel club, with new capital secured, the company plans to open three additional clubs across the Northeast in the next two years.
Wellth raises $20 million to scale up its ‘behavioral economics’
approach to tackle chronic conditions
Los Angeles-based Wellth develops app-based digital health programs that use financial incentives
and behavioral economics strategies combined with a consumer-grade smartphone experience to improve
adherence to patients’ care plans.
Read the article on fiercehealthcare >
Eli Health Raises $3.6M to Take Its At-Home Hormone Monitoring Solution Toward Commercial Launch
Eli, a Canadian healthtech company working on a saliva-based hormone testing solution has raised $3.7M (5M CAD) in new funding to take its product through clinical validation and regulatory approvals ahead of a commercial launch. Eli was founded by Marina Pavlovic Rivas and Thomas Cortina in 2019.
Neuroscents
The scents were scientifically designed to activate neural pathways for targeted emotional responses. “The brain-triggered technology uses data fielded from both conscious and unconscious responses to different scent notes and their effect on the brain,” Herman told Nylon.
The $500 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short
With no international standard for the beauty industry on how much product ingredient information to share with customers, brands can set their own rules and goals, giving rise to confusion and “greenwashing,” where sustainability claims are often touted but not substantiated.
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