Restore Hyper Wellness, an Austin, Texas-based provider of health and wellness solutions, raised $140m in funding.
The round was led by General Atlantic, which joined existing investor Level 5 Capital Partners.
The company intends to use the funds to expand its store presence, with plans to open over 100 stores next year.
Founded in 2015 and led by CEO, Jim Donnelly, Restore is the creator of an innovative new category of care—Hyper Wellness®. It delivers expert guidance and an extensive array of wellness modalities integrated under one brand. These modalities include biomarker assessments, IV drip therapy, intramuscular (IM) shots, mild hyperbaric oxygen therapy, whole body and localized cryotherapy, infrared sauna, red light therapy, compression, assisted stretching, HydraFacial and Cryoskin.
The company has launched in New York and Los Angeles, while franchises are in traditionally underserved cities Little Rock, AR and Wichita, KS.
Restore currently has 115 locations in 34 states, with the goal of being in 46 states by the end of 2022. Its Level 5’s franchisee platform is slated to develop over 50 stores, with 15 of those opening in 2022.