Connect with us

Business & Money

LVL Wellbeing secures $10m Series A investment from Multiply Group’s MG Wellness Holding, facilitating strategic expansion across the region

Published

on

LVL Wellbeing, a UAE-based corporate wellbeing platform startup that provides a holistic system of unique individual, team and corporate wellbeing practices that contribute to a healthier work/life balance, has successfully closed its Series A funding round. The round was led by MG Wellness Holding, a wellness-focused subsidiary of the Abu Dhabi-based investment holding company, Multiply Group.

Post the Series A round, LVL Wellbeing will incorporate HealthierU, a subsidiary of Multiply Group, into its operations. A marketplace platform that connects individuals with wellness consultants around the world offering virtual 1-on-1 sessions, HealthierU’s ecosystem has yielded remarkable results which showcase a significant reduction in the risks associated with some chronic diseases among pre-disposed individuals.

LVL Wellbeing CEO, Gary Blowers, said: “This investment will enable us to continue to develop the LVL Wellbeing platform into the market-leading workplace wellbeing platform and enable the development and delivery of a range of exciting new features in H2 2023, including the launch of our Arabic language version of the app. Additionally, we will double-down on our investment in creating unique, immersive experiences in corporate spaces, giving our members the opportunity to prioritise their wellbeing whether at home, in the office or whilst travelling. The investment will also seed LVL Wellbeing’s expansion into Saudi Arabia as part of its organic regional growth plans.”

Referencing HealthierU, Blowers said: “The integration of HealthierU into the LVL Wellbeing ecosystem will enable us to combine forces to offer the most comprehensive preventative health and wellbeing services to our members and clients – starting with further growth in the UAE and then expanding our focus regionally, and then globally. With LVL Wellbeing having concentrated on building a product that’s focused on content and engagement, broadening the offering that HealthierU has developed will create a market-leading holistic solution for our combined client portfolio and member base.”

Since the corporate re-think brought about by the impact of COVID-19, LVL Wellbeing has become a leader in the provision of an all-round approach to the ever-present challenge of workplace wellbeing. The company has formulated partnerships and associations across the region with some of the biggest organisations, all prioritising employee wellbeing and building an identifiable return on investment.

The LVL Wellbeing app has a wide range of engagement features, including original on-demand video content and carefully curated live sessions, all of which are designed to support members on their journey to wellbeing. Additionally, real-time data accessible by LVL Wellbeing’s corporate clients enables them to make more informed decisions and understand the ROI on their wellbeing investments.

As most employees have now returned to working from the office, LVL Wellbeing has developed a market-leading digital wellbeing studio to deliver LVL Wellbeing content directly into purpose-built wellbeing spaces in corporate buildings, with a flagship studio at Standard Chartered Tower in Dubai, a brand new digital wellbeing studio at ProSeed in Abu Dhabi, the newest digital studio on Palm Jumeirah to be announced in August and more in the pipeline.

The conclusion of the Series A investment round comes after a series of new business wins, including an exciting new hospitality partnership, which at this stage will collectively enable the LVL Wellbeing team to grow in Dubai, Abu Dhabi, Riyadh and Halifax, Canada, whilst preparing for the next round of expansion of their customer base on a global scale.

Advertisement

Latest

Sports4 months ago

Continental Racing: Emirati Team Clinches Victory in GT4 Class at the Hankook 24H Dubai

In a weekend filled with high-octane excitement, the celebrated Hankook 24H Dubai race returned to the famed Dubai Autodrome, continuing...

Art & Culture4 months ago

du achieves the Best Culture & Employee Engagement in the Region with 81% Rating in Glint’s Index

du, from Emirates Integrated Telecommunications Company (EITC), today announced results of the Culture & Employee Engagement Index survey conducted through...

Food & Beverages4 months ago

Dinner on the Beach: A Culinary Journey with French Flair at Drift Beach Dubai

This Valentine’s Day, DRIFT introduces a captivating experience – Dinner on the Beach. For the first time at DRIFT, relish...

Travel & Tourism4 months ago

Readers are rewarded at emirates airline festivals of literature

Emirates Airline Festival of Literature kicked off the first day of their 2024 edition with a ceremony to honour the...

Events & Happenings4 months ago

Abu Dhabi Festival 2024 Honors Giacomo Puccini’s Legacy With Spectacular Gala Concert

In the presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah,...

Healthcare4 months ago

Emirates Health Services concludes its successful participation in Arab Health 2024

Emirates Health Services, the exclusive partner in healthcare services, successfully concluded its participation in Arab Health 2024, which concluded on...

Automotive4 months ago

Ride in Style: Don’t Miss Out on Arabian Automobiles’ Renault Duster Offers

Renault of Arabian Automobiles, the exclusive Renault dealership serving Dubai, Sharjah, and the Northern Emirates, and a flagship company within...

Information & Technology4 months ago

Emirates Post Group Unveils New Brand Identity ‘7X’ for Future

Emirates Post Group Company (EPG) has unveiled its new brand identity – 7X – during an exclusive event at Madinat...

Health & Fitness4 months ago

Emirates Health Services “Basma” Project Addresses Healthcare Requirements in 313 Schools

Dr. Shamsa Majid Lootah, Director of the Public Health Department at Emirates Health Services (EHS), announced the launch of the...

Health & Fitness4 months ago

MoHAP hosts panel discussion on Nursing future at Arab Health 2024

"Nursing… Ambitious Future Insights"

News4 months ago

‘Vilal Housing’ to deliver 50 Residential Villas by 2024 to its Clients in the UAE

The nation-wide company constructs homes exclusively for UAE citizens across 7 emirates

News4 months ago

Statement by Ahmad bin Meshar Al Muhairi, Secretary General of SLC

on the Anniversary of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s accession as the Crown Prince of...

Automotive4 months ago

Audi Middle East and Museum of the Future enter 3rd year of partnership, with the showcase of the revolutionary activesphere concept

Audi Middle East and Museum of the Future have announced the arrival of the revolutionary activesphere concept car, marking a...

News4 months ago

Watani Al Emarat signs MoU with Emirates Society for Parent Care and Relief

To strengthen collaboration in organizing and supporting the senior citizen community

News4 months ago

Global Village announces second Geely Raffle Draw for a chance to win a Flagship Geely Tugella

Raffle participation will run until March 7th, and winner will be announced at Global Village on March 8, 2024 from...

Advertisement

Trending