Wellknowlogy: 8/24/22

Wellknowlogy is a curious, honest, and caring source of weekly news and thoughts on innovations in the wellness industry; an efficient way for providers, technologists, capital, and enthusiasts to stay in sync and informed about endeavors to increase wellbeing. For filtered information concerning your particular venture, reach out to [email protected]

Some clustered funding this week with a pair of investments in both SaaS management solutions for brick-and-mortar H&W providers and alternative biomaterials (fake versions of real things made of different real things; convoluted to say the least).

One interesting thing from this week is the signal of a bottleneck slowing down the process of accrediting therapists, an issue being solved by Motivo Health. I'll be digging a bit more into that, as a shortage in therapists and its systemic causes seems pretty relevant in understanding the innovations that'll be most desired going forward to address mental health concerns. 

With that out of the way, here's what happened last week:

Fundings

Companies doing the work:

• Mycel’s mushroom-based biomaterials sprout $10M in funding 

• Eat Just scoops up $25M from Alibaba-backed C2 Capital 

• WellnessLiving, a H&W SaaS management tool, secures $66M investment 

• Urban Health gets $3.4M to help people sleep better, relax and de-stress through app

• Bravo Sierra, a military-grade personal care company, closes $17M Series B Ahead of retail expansion 

• The GenWell Project awarded $761,000 grant By Canadian Institute for Health Research to research guidelines for healthy social and community lives

• Motivo Health closes $14M Series A to solve shortage of mental health therapists

• PushPress, a fitness studio management software, secures $11 Million in Series A

• Perform, a running app pairing runners with coaches, closes pre-seed round

• Kaya, a startup focused on building workplace mental health communities, receives Alabama Futures Fund investment

• 28 by Evie, a women's fitness company, raises $3.2M seed round

• Indian sexual wellness company, Mojocare, secures $20M in Series A funding

New funds:

• VSC Ventures Announces $21M Fund to Back and Broadcast Startups Across Work, Wellness and World-Saving Technology

Neat Articles

• Miami man invents sleep technology for lucid dreaming

• New method enables more advanced brain imaging than previously possible

• Expert behind Covid symptom tracker app ZOE invents cutting-edge diet diagnostic approach

• A new angle on gratitude-based social media

• Move-to-earn apps pay you in crypto for working out 

Market News

• Meditation apps losing engagement as people are back to normal life

• Newsom announces $4.7B mental health plan for California's youth

• PharmAla Biotech becomes first public company producing GMP MDMA

• Myndlift publishes study supporting the efficacy of a remote neurofeedback system in improving mental health

Tidbits for You and Yours

• How to use the Navy SEAL Sleep Technique to fall asleep fast

• Harvard's list of foods that fight inflammation

• Learn about collagen for skin, hair, and muscles

Closing Kernel of Wisdom

"The Ultimate Path is not difficult; just avoid picking and choosing.

When you don't grasp or reject, the way enlightens itself" 

You got to the end! Nice. Feel free to forward this to anyone that may appreciate it. I'll give them a button below to join the list:

Wishing you a great week to come!

Warmly,

Dayton