NEWS
Investment in women taskforce reaches formal first close of £ 130 million
Bootstrap4F has announced that its pioneering‘ Women backing
Women’ fund of funds for the Invest in Women Taskforce has reached a formal first close of £ 130 million, a landmark moment for the UK’ s investment ecosystem. the British Business Bank, M & G plc and Nationwide. This is a significant level of commitment to a fund of funds dedicated to female-led and mixed investment teams and is designed to act as a catalyst to change how capital in the UK is allocated.
It brings together private and public institutional capital from four of the leading financial institutions in the UK: Barclays,
Investments selected for the fund of funds will be required to meet gender diversity and commercial returns criteria. This reflects the Taskforce’ s core conviction that backing female and mixed-gender teams is not simply the right thing to do, but a smart investment decision.
Bootstrap4F, selected following a competitive process managed by the Taskforce from over 25 applicants, will now begin investing in fund managers that meet these criteria. The team brings decades of combined experience and a collective history of £ 4.4 billion in fund selection.
Debbie Wosskow, Co-chair of the Invest in Women Taskforce, said:“ I’ m incredibly proud of what we’ ve built with our investment partners – it is an historic achievement, and we’ re delighted that institutions have recognised the opportunity on the table. They have shown real leadership. We now need more investors to come aboard and join us on this journey.”
Herbalife to expand its personalised nutrition through planned acquisition of Bioniq
network, we are expanding our ability to deliver personalised wellness at global scale.”
Bioniq develops personalised supplement formulas using its patented product personalisation engine, an individual’ s health background and a proprietary database of biomarkers. Bioniq’ s personalised supplement formulations are designed for a broad range of individuals, from everyday wellness consumers to elite athletes, including Cristiano Ronaldo.
Herbalife, a premier health and wellness company, community and platform, has announced an agreement to acquire certain assets from Bioniq, a UK-based personalised supplements company focused on making health more accessible and actionable. The transaction advances Herbalife’ s vision of becoming a technologyenabled, data-driven health and wellness platform.
“ The future of health and wellness is becoming more personalised and informed by data,” said Herbalife Chief Executive Officer, Stephan Gratziani.“ By combining Bioniq’ s personalised supplement technology with Pro2col and the power of our global distributor
Bioniq will complement Herbalife’ s prior acquisitions of Pro2col and Link BioSciences by enabling Herbalife to offer a broader range of personalised nutritional supplements across multiple delivery formats. Combining Bioniq’ s offering with Herbalife’ s global manufacturing expertise will enable the company to expand personalised nutrition at scale and speed.
“ I founded Bioniq in 2019 with a vision to help people optimise their wellbeing through a science-driven approach to nutrition that incorporates biomarker and lifestyle data,” said Vadim Fedotov, Founder and President of Bioniq.“ I am excited to join Herbalife with its global distributor network and commitment to advancing wellness at scale.”
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