Wellknowlogy: 9/14/22

Wellknowlogy is a curious, honest, and caring source of weekly news & thoughts on innovations in the wellness industry; an efficient way for providers, technologists, investors, 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]

This week of funding represents an interesting microcosm of the different approaches being taken to at-home wellness.

These tend to include at least one of the following:

• At-home diagnostics

• Automated services replacing jobs done by people

• Services performed by people remotely, at scale that were previously in-person

• Novel remote technologies that are beginning in the remote age

Companies attempting all four of these models were funded in the last seven days, showing that there is a clear demand for these models and a willingness to fund them. What does this mean and how can you begin to assess which ones have staying power?

The answer to both of these questions may lie in the next generation of holistic employee benefits programs. With the potential to act as a nexus for distribution & market validation of certain products/services and a vehicle for investors to index this movement without picking a single horse, up-and-coming holistic benefits programs deserve the attention of providers and investors alike.

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

Fundings

• Sensate, a wearable stress management device, raises $1,000,000, and counting

• Innervace secures up to $40M to advance novel regenerative medicine platform for neurological disorders

• InsideTracker Raises $15M for AI-driven nutrition and healthspan optimization

• Wellness-driven restaurant brand True Food Kitchen raises over $100M

• Trek Health raises oversubscribed $2.7M seed round to modernize mental health payments infrastructure

• Berlin-based Lykon cooks up €10 million to empower people to live a healthy life with personalized nutrition

• Rootine secures $10M Series A to optimize health and human performance through precision nutrition

• Athlete training app Kollektiv raises $1.5M in pre-seed funding

Neat Articles

• Employee mental health in an uncertain world: shifting from a state of crisis to a culture of mental wellness

• Preparing for the bursting of the psychedelic hype bubble

• Researchers from Israel develop “enriched seaweed”

• Can tech help prevent teen suicide?

• What does the latest science tell us about our brain, our gut and our mental health?

Market News

• Wellness tech platform Mindbody executes multi-year agreement with Corporate Sports Unlimited

• Little Otter acquires Little Renegades to support kids’ mental health, launches new back-to-school tools

• Expert alarmed by mental health app Cerebral's speedy sessions and prescriber qualifications

• Headspace Health acquires inclusive mental health and wellness app, Shine

Tidbits for You and Yours

• Grief counseling: how it works, benefits and more

• Wellness trends the super-rich are obsessed with

• The benefits of meditiation for children under stress

Closing Kernel of Wisdom

“Everyone carries a shadow, and the less it is embodied in the individual’s conscious life, the blacker and denser it is. At all counts, it forms an unconscious snag, thwarting our most well-meant intentions.” (Carl Jung)

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 put them on the list:

Wishing you a great week to come.

Warmly,

Dayton