|
Baz Moffat gets 'sweat equity' backing from Priya Oberoi to drive the growth of The Well HQ
24 May 2024
Women’s health specialist, The Well HQ, has secured 'sweat equity' backing from Priya Oberoi, founder of venture capitalists, Goddess Gaia Ventures, who will take on a senior advisory role with the business.
Oberoi will work with the top team at The Well HQ to enable them to prepare to scale the business via a tech platform that will help sports support their greatest assets – their people – with health, wellbeing and performance.
Oberoi has been in private equity for decades and is now building a £100 million venture fund to invest in women’s health, wellness and femtech start ups. This is the only fund in Europe targeted at women and has five core pillars: women’s fertility, women’s cancer, women’s wellness, women’s chronic diseases and femtech products and services.
Co-founder of The Well HQ, Baz Moffatt, will be speaking at the HCM Summit in London on 24 October. She says Oberoi’s involvement is validating and it’s also business: “To date women’s health has been hugely under-funded and under-researched. As a result it’s an untapped market. How untapped? About US$1 trillion untapped.
"Priya is also entrepreneur in residence at Google and has contacts that can help us scale," said Moffat.
McKinsey’s Future of Wellness survey identified women’s health as being one of seven areas of growth in the wellness space, with purchases of women’s health products on the increase across a range of care needs. The highest number of respondents purchased menstrual-care and sexual-health products and the most was spent on menopause and pregnancy-related products in the past year.
Moffatt says there's huge potential for growth: “Women’s health and wellbeing and elite athletic performance are both on the up and sport is their intersection. Sport is also the key to unlocking their potential as commercial entities, and as vehicles for change.
“Inside sport, emphasising female health demonstrably improves the health and wellbeing of athletes and – best of all – it boosts athletic performance. Female athletes who train with the right combination of knowledge and kit, coaching and culture excel. They hit max. They perform. They win.
“Winners attract investment and investment powers winners. The commercial case is already there and one day (in the not-too-distant future), female health education will be standard fare in every sporting system.
Speaking to Linkedin, Oberoi said: “The VC industry has historically been dominated by white, middle class men, who typically invest in companies and products they know and can relate to. Women’s healthcare is a US$1 trillion market that has been untouched by traditional investors, or if it has it’s an outlier in many funds’ portfolios. Hopefully as the VC industry becomes more diverse we will see more investments in the sector.
“As a two-time cancer survivor, I know first-hand the challenges women face and I am passionate about building a fund that delivers significant returns for investors, founders and the women set to benefit from the new products and services brought to market.”
ENDNOTE McKinsey’s partner, Eric Falardeau, will also be speaking at the all-keynote HCM Summit, book your early bird ticket here.
back
|
Latest member news |
|
|
A seriously social – thank you
Community Leisure UK would like to say a huge ‘thank you’ to their members who
took part in the first ever Seriously Social week. Held in May, the national campaign showcased the work of
charities and social enterprises putting people above profit, connecting communities and helping people to
become healthier, happier and more creative, regardless of age or ability.
read more...
GLL fitness instructor smashes World Record
Anthony Bryan, a fitness instructor at GLL’s Southbury Leisure Centre, recently
took part in the London Marathon. This would be a proud moment for anyone but for Anthony, who suffered
a brain tumour and a stroke as a young child which left him with permanent injuries, it’s an almost
unbelievable achievement.
read more...
Circadian Trust turning its Active Lifestyle Centres ‘green’ with major solar panel programme
New solar panels generating more than 360,000 kilowat hours (kWh) of clean energy
and saving 75 tonnes of carbon a year have been installed at Bradley Stoke Active
Lifestyle Centre in South Gloucestershire.
read more...
Halo Leisure move into Merthyr Tydfil
Award winning social enterprise Halo Leisure is bringing its expertise to Merthyr
Tydfil as it works to get more people more active.
read more...
Better Leisure Centres and Gyms receive Which? Recommended Provider Status
Charitable social enterprise and leisure operator Better has been endorsed by
Which? As a recommended provider for leisure centres and gyms.
read more...
|
|
LED announce new CEO
LED Community Leisure has announced the appointment of Olly Swayne as the new
Chief Executive. The appointment follows the retirement of their long-serving Chief Executive, Peter Gilpin.
read more...
Bouldering upgrade to start at EICA:Ratho after sportscotland investment
Works on the upgrade of the bouldering facilities at Edinburgh Leisure’s flagship
climbing arena at Ratho have begun following a major funding investment from
sportscotland’s Sport Facilities Fund.
read more...
Newport Live’s Positive Futures team empowers refugee and asylum seekers
Newport Live’s Positive Futures team and the Levelling the Playing Field
initiative invited refugees and asylum seekers to join this year's ABP Newport
Marathon Festival, held earlier this year, to run either the 10k or Half Marathon
as part of the 100 Club.
read more...
Leisure Trust celebrates approved training centre status for swim teachers
Doncaster Culture and Leisure Trust (DCLT) has been awarded Approved Training
Centre status by the Swim Teachers Association (STA) meaning that budding swim
teachers can now gain their qualifications at DCLT pools.
read more...
GLL Sport Foundation Confirms 2256 Athlete Awards In 2024
Charitable Social Enterprise GLL has announced 2,256 athletes will benefit from
the 2024 intake of its Sport Foundation – the largest independent athlete award
programme in the UK.
read more...
|
Business partner news |
|
|
|
|
06 Jun 2024
UK health club market hits record highs
The UK health and fitness is performing strongly, especially the private sector, with
member
numbers, market value and penetration reaching all-time highs.
read more...
05 Jun 2024
David Stalker joins Alliance Leisure
Leisure development specialist, Alliance Leisure, has appointed industry veteran, David Stalker,
as advisor to the board, as the company aims for £150 million turnover next year.
read more...
04 Jun 2024
Gen Z women are more engaged with physical activity than previous generations, finds Ernst & Young research
According to new research from Ernst & Young, the gap between female and male engagement
in sport and physical activity is narrowing, with Gen Z adult female engagement figures on the
rise.
read more...
03 Jun 2024
Fitness First ramps up Les Mills partnership
Fitness First has launched three limited edition Les Mills programmes across 13 of its health
and fitness clubs.
read more...
|
|
30 May 2024
Mark Tweedie envisions the sector becoming a national wellness service
In the latest edition of HCM magazine, Mark Tweedie talks about his hopes for the health and
fitness sector becoming a national wellness service, partnering the NHS, within 20 years.
read more...
28 May 2024
Fitness influencers have a negative impact on mental health
New research shows that following social media health influencers motivates young people to
exercise more vigorously and eat more fruit and vegetables, but their mental health often
suffers.
read more...
25 May 2024
JD Gyms acquires Simply Gym as it targets 100 locations
The JD Gyms Group has completed a deal to acquire Simply Gym from Bay Leisure. The deal
comprises four gyms: one in Greater London and three in South Wales.
read more...
22 May 2024
Dean Kowarski, global CEO of Virgin Active, will keynote at HCM Summit 2024
Leisure Media has added another heavyweight to its line-up of CEOs for its inaugural HCM
Summit this October. Dean Kowarski will talk about the intersection of fitness and nutrition.
read more...
|
|
|
|
Regional Meetings |
|
|
Central Regional Meeting
18 June 2024
|
Joint North West and North East & Yorks
19 June 2024
|
Wales Regional Meeting
2 July 2024
|
South West Regional Meeting
12 July 2024
|
Special Interest Groups |
|
|
HR Group
12 June 2024
|
Sustainable Buildings
13 June 2024
|
Single Sites
26 June 2024
|
Culture Group
4 July 2024
|
i-Trent
8 July 2024
|
Health Scotland
10 July 2024
|
For more information about Special Interest Group and regional / national members meetings, please contact [email protected]
|
Job vacancies |
|
|
Swimming Teacher (Saturdays)
Salary: £3,768pa (9.00am-2.00pm, Saturdays, in term time)
Location: Boreham, Chelmsford, UK
Company: New Hall School
Read more and apply
|
Chief Executive
Salary: £Competitive + fabulous benefits package
Location: Nelson, UK
Company: Pendle Leisure Trust
Read more and apply
|
Sales, Marketing and Retention Manager
Salary: £37,099 - £44,263pa + generous pension + benefits
Location: Leeds, UK
Company: University of Leeds
Read more and apply
|
Epping Forest Keeper (countryside Ranger)
Salary: £35,663 - £39,805pa + Local Govt Pension + benefits
Location: Loughton, UK
Company: City of London Corporation
Read more and apply
|
Aquatics Officer - dual site
Salary: from £29,269pa
Location: Northwich, UK
Company: Brio Leisure
Read more and apply
|
|