Headlines in the Global Wellness Economy
Global Wellness News™ | April 12th, 2022
ClassPass proprietor targets itemizing as in-person health rebounds
Mindbody, the health and wellbeing tech platform that owns train subscription service ClassPass, plans to go public as demand for in-person exercises grows following pandemic shutdowns. A flotation would mark a return to the general public markets after simply 4 years away from the Nasdaq for California-based Mindbody, which was taken non-public by Vista Fairness Companions in 2019 in a deal that valued the corporate at $1.9bn.
Indian fitness platform GOQii snaps up $10M to develop its health metaverse
Indian fitness technology company GOQii has scored another $10 million in an extended Series C equity funding round from Hong Kong-based game software and venture capital firm Animoca Brands. This time, the investment will support the development of its health metaverse, according to a press statement.
Vertical Farms Expand as Demand for Year-Round Produce Grows
Square Feet The industry is expected to grow to $9.7 billion worldwide by 2026, but it faces challenges, including high energy costs, technological limitations and the ability to scale. Greens growing in a warehouse operated by Plenty Unlimited, an agricultural start-up, in South San Francisco, Calif. Credit…
MycoTechnology Secures $85 Million To Further Capitalise On Fermentation Platform With Worldwide Product Launches
Colorado-based MycoTechnology has closed an $85 million Series E funding round. The investment was led by a representative of the Omani sovereign wealth fund, the Oman Investment Authority. Previous investors joined the round, including Tyson Foods, S2G Ventures, and Evolution VC partners. New backers joined alongside.
China’s One Trillion Yuan Sleeping Economy | Jing Daily
When was the last time you didn’t sleep through the night? This was the question posed by China’s official broadcaster CCTV during World Sleep Day (March 21), which quickly caught netizens’ attention. On Weibo, the national news agency’s post on sleep disorders has amassed over 1.9 million views so far.
January 2022 saw the launch of Move, a new feature on the meditation app Calm. As its name implies, Move seeks to get people to be more active for tiny bursts of time – 3-5 minutes. Manageable but impactful, Move sessions aim to help people build a daily habit and as the brand claims “enhance joy”.
Nepalese Billionaire Binod Chaudhary On Why He Invests In Wellness
Films and television shows have an interesting way of portraying the lives of high-profile, high-net worth individuals as stressful, isolated, and sometimes even unhealthy. As if on auto-pilot, creators of shows and movies peg the powerful and affluent as persons who work endless hours-under extreme amounts of pressure with hardly any time to spare for well being habits.
Mindgram makes use of €7 million, maps migration
Warsaw’s Mindgram, which claims to be the “first European science-based platform and mobile app for complete mental wellness,” has raised €7 million in a seed round in an effort to further develop the platform and launch international expansion plans. The migratory mission includes stops first in Spain and Portugal, to be followed by other LATAM markets at a later date.