eMindful, Inc., the industry leader in offering live, online, applied mindfulness programs today announced it had closed a $6.85 million, Series B round of financing. The financing will allow eMindful to accelerate its engagement marketing, new product development, and sales expansion. LFE Capital, ('LFE') led the round and Leslie Frecon, Managing Partner of LFE, has joined the eMindful board of directors. Also participating in the round are existing investors One Earth Capital and the Bridge Builders Collaborative, as well as new investors New Ground Ventures and Fairground Capital.
'We are very fortunate to have a number of high-quality venture capital firms support our Series B round, but LFE's 15-year track record in the health and wellness space, along with their reputation for creating value, is simply unsurpassed,' said Kelley McCabe Ruff, CEO of eMindful. 'LFE's expertise in building enterprise value, and their skill in helping organizations with both long-term strategy and finance, will be excellent additions to our current outstanding board of directors.'
'LFE is excited to be partnering with Kelley and the eMindful team to take the business to the next level. With mindfulness gaining widespread adoption, the quality and proven impact of the eMindful product create a compelling purchase proposition for corporations, healthcare providers and payors, and individuals. eMindful is well positioned to capitalize on this opportunity,' said Leslie Frecon.
About eMindful:
eMindful, based in Vero Beach, FL, provides globally scalable programs that specifically address stress and resilience, metabolic syndrome, chronic pain, diabetes, tobacco usage, and cancer. eMindful's programs are backed by rigorous research and the company has years of experience collaborating in mindfulness research with such institutions as Vanderbilt University, Harvard Medical School, Chatham University, University of British Columbia and the University of Calgary.
eMindful's technology-enabled solutions are delivered through live, online classrooms taught by licensed health professionals and are designed to assist individuals prevent, mitigate, and slow the progression of diseases associated with family, work and lifestyle risk factors. The Company markets its programs to various customers, including corporations, managed care organizations, and third party administrators.
About LFE Capital:
LFE Capital is a private equity firm with offices in Naples and Minneapolis that provides growth capital to second stage businesses in the health and wellness sector. Its team believes that superior investments are found in smaller companies where the commitment to innovation and the opportunity to create significant value drive performance. A relationship with LFE Capital brings expansion capital and an operations oriented investor who will dedicate the time and resources required to build successful businesses. http://www.lfecapital.com