About Wellbeats
Wellbeats is a company based in Minneapolis (United States) founded in 2008 by Nathan Jespersen and Sara Jespersen was acquired by LifeSpeak in February 2022.. Wellbeats has raised $2.64 million across 2 funding rounds from investors including LifeSpeak. The company has 20 employees as of December 31, 2022. Wellbeats offers products and services including Wellbeats Wellness App, Fitness Classes, Nutrition Classes, and Mindfulness Classes. Wellbeats operates in a competitive market with competitors including Hinge Health, Cult.fit, HealthifyMe, Practo and Accolade, among others.
- Headquarter Minneapolis, United States
- Employees 20 as on 31 Dec, 2022
- Founders Nathan Jespersen, Sara Jespersen
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Lifespeak Inc.
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Products & Services of Wellbeats
Wellbeats offers a comprehensive portfolio of products and services, including Wellbeats Wellness App, Fitness Classes, Nutrition Classes, and Mindfulness Classes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for on-demand fitness, nutrition, and mindfulness classes.
On-demand sessions including yoga, HIIT, and strength training.
Guidance on recipes and healthy eating habits.
Meditation and stress-relief sessions for wellbeing.
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Funding Insights of Wellbeats
Wellbeats has successfully raised a total of $2.64M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.32 million completed in August 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.3M
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First Round
First Round
(29 Jul 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2013 | Amount | Seed - Wellbeats | Valuation |
investors |
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| Jul, 2013 | Amount | Seed - Wellbeats | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wellbeats
Wellbeats has secured backing from 1 investor. Prominent investors backing the company include LifeSpeak. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud-based platform for employee wellness
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wellbeats
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wellbeats
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellbeats Comparisons
Competitors of Wellbeats
Wellbeats operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Cult.fit, HealthifyMe, Practo and Accolade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts
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| domain | founded_year | HQ Location |
AI-powered personalized nutrition and fitness coaching is provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellbeats
Frequently Asked Questions about Wellbeats
When was Wellbeats founded?
Wellbeats was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Wellbeats located?
Wellbeats is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Wellbeats?
Jason Von Bank is the current CEO of Wellbeats.
Is Wellbeats a funded company?
Wellbeats is a funded company, having raised a total of $2.64M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.32M, raised on Jul 29, 2013.
How many employees does Wellbeats have?
As of Dec 31, 2022, the latest employee count at Wellbeats is 20.
What does Wellbeats do?
Wellbeats was established in 2008 in Minneapolis, United States, focusing on the fitness sector through virtual group exercise programs. Innovation in content creation, delivery systems, and technology is pursued to enhance accessibility for broad audiences while addressing individual requirements. Original programming is developed quarterly, supplemented by collaborations with leading fitness providers. Venture funding of 2.8 million was secured in 2015 from LFE Capital.
Who are the top competitors of Wellbeats?
Wellbeats's top competitors include Cult.fit, Accolade and Hinge Health.
What products or services does Wellbeats offer?
Wellbeats offers Wellbeats Wellness App, Fitness Classes, Nutrition Classes, and Mindfulness Classes.
Who are Wellbeats's investors?
Wellbeats has 1 investor. Key investors include LifeSpeak.