Wellbeats President and LifeSpeak COO Jason Von Bank has been honored by LFE Capital as a recipient of LFE Capital’s Award of Excellence, the organization announced today.
LFE Capital has a tradition of honoring portfolio company executives at its annual meeting. It recognizes exceptional accomplishments and acknowledges the courage, energy, and fortitude it takes to be a builder of businesses.
LFE Capital has honored Von Bank for his leadership at Wellbeats, a LifeSpeak company, where he has exhibited the collaboration, commitment, and creativity that LFE values from portfolio company CEOs.
Under Von Bank’s leadership, Wellbeats’ recurring revenues grew fivefold with gross margins of over 90%. Wellbeats has delivered over 1,000 classes accessible to consumers of all ages and ability levels, touching over 2.3 million lives. The company also doubled its number of employees and diversified its management team, including adding more women to the c-suite and rebranding Wellbeats to appeal more to its predominately female userbase.
Wellbeats and Von Bank have received numerous industry awards and recognition along the way, including this year’s EY Heartland Entrepreneur of the Year. Earlier this year, Wellbeats was acquired by LifeSpeak, a leading mental health and total wellbeing education platform.
About Wellbeats, a LifeSpeak company
Wellbeats, a LifeSpeak company is a leading provider of on-demand virtual fitness, nutrition, and mindfulness classes for use in workplaces of all sizes, health plans, on college or university campuses, multi-family housing, the U.S. military, and fitness and health clubs. Based in St. Louis Park, MN, Wellbeats makes fitness accessible, affordable, and approachable for everyone. More than 1,000 classes and 35+ programs are available to help members stay on track and meet their goals. To learn more, visit www.wellbeats.com or check out a sampling of the company’s fitness classes during a Facebook Live class, and follow Wellbeats on LinkedIn, Facebook, Twitter, and Instagram.
About LifeSpeak Inc.
LifeSpeak is a leading software-as-a-service provider of a platform for mental health and total wellbeing education for organizations committed to taking care of their employees and customers. With 18+ years of experience creating and curating thousands of expert-led micro-learning videos and other digital content, LifeSpeak’s proprietary library’s depth and breadth of easily consumable content helps companies around the world support their people anytime and anywhere. LifeSpeak serves a diverse global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers, and other health technology firms. LifeSpeak is the parent company of Lift Digital Inc. (“LIFT session”), ALAViDA Health Ltd. (“ALAViDA”), EnCompass Education Solutions (“Torchlight”) and Wellbeats Inc. (“Wellbeats”). To learn more, follow LifeSpeak on LinkedIn, or visit www.LifeSpeak.com.
About LFE Capital
LFE Capital is a growth equity firm that provides flexible financial solutions for health and wellbeing businesses with strong growth prospects. Our mission is to connect extraordinary women leaders to the capital they need to build great companies. A relationship with LFE brings expansion or buyout capital and an operations-oriented investment team who dedicates the time and resources required to build a successful business.