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Wellness startup Othership raises $11.3M for U.S. expansion, led by multiple investors including Rocana Ventures.

Jun 26, 2025•21 days ago

Amount Raised

$11.3 Million

TorontoFitnessWellnessHospitalityHealth Care

Investors

Rocana Ventures

Description

Toronto-based Othership has raised $11.3 million to expand its luxury sauna and ice bath experiences in the U.S. This raise was facilitated through a Simple Agreement for Future Equity (SAFE). U.S. investors contributed the majority of the funds, totaling $7.1 million

Company Information

Company

Othership

Location

Toronto, Ontario, Canada

About

Othership is a wellness startup that offers luxury immersive sauna and ice bath social experiences. Founded in 2019, it initially began as a miniature spa and has since evolved into a full communal wellness experience. The company focuses on emotional wellness, community connection, and transformation without the need for alcohol or phones. Othership is currently expanding its presence in the United States, particularly in New York.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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