Wellbeats, Inc.
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Wellbeats, Inc. - overview
Established
2008
Location
-, MN, US
Primary Industry
Consumer Services
About
Founded in 2008, and based in Minnesota, US, Wellbeats, Inc. operates as a sports and fitness company. In February 2022, LifeSpeak Inc. , a portfolio company of Kensington Capital Partners, Round13 Capital, and Roynat Equity Partners, agreed to acquire Wellbeats, Inc.
for up to USD 92. 5 million. As of 2022, the company employs more than 60 instructors, has over 2,500 clients, and is led by its President and CEO Jason Von Bank. Wellbeats operates mental health and complete wellness platform that provides people of all ages, interests, and abilities with virtual classes in meditation, yoga, exercise, and nutrition.
Its clients include organizations, health insurance, and wellness providers, residential housing, and US military locations, and the company's sessions can be streamed on smartphones, digital devices, and televisions. As of 2022, the company’s portfolio includes over 1,000 fitness, nutrition, and mindfulness sessions. In 2021, the company is expected to have generated revenue of approximately USD17. 4 million and a 41% year-over-year growth for the twelve-month period ending September 30, 2021.
As of December 31, 2021, the company expected to have been approximately made annual recurring revenue of USD 19. 2 million. Following the acquisition, Wellbeats, Inc. plans to expand and diversify its SaaS-based behavioral health and physical wellbeing solutions.
Primary Industry
Consumer Services
Sub Industries
Education & Training Website, Fitness & Wellness Facilities, Internet, Education & Training Software
Website
www.wellbeats.com
Verticals
Cloud Computing, EdTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Wellbeats, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Wellbeats, Inc. | - |
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