Delos™ Completes $20 Million Equity Raise at $800 Million Valuation
(NEW YORK, NEW YORK) July 5, 2016 – Delos™, a wellness real estate and technology firm, announced today it has completed an equity investment raise of $20 million from leading strategic investors at an $800 million valuation. The company previously raised $108 million at a $500 million valuation in September of 2015. Delos expects to use the majority of the funds raised to accelerate the growth of the company’s various business lines, including the International WELL Building Institute™, its wholly owned subsidiary, Delos’ Signature Programs division, Delos Labs, Delos Ventures, Delos Solutions and its collaboration with Mayo Clinic on the Well Living Lab, as well as to support its global growth and expansion plans.
“Our mission is to improve human health and well-being by creating buildings that are developed with people’s health and wellness at the center of their design,” said Paul Scialla, founder and CEO of Delos. “The demand for wellness real estate is growing at a rapid pace and this funding gives us the opportunity to make an even greater impact globally. We look forward to continuing our growth in the marketplace.”
Known as the pioneer of Wellness Real Estate™, Delos launched in 2009 with a mission to transform indoor environments, where we spend more than 90 percent of our time, into spaces that help nurture, sustain and promote human health and well-being. Since then, Delos has pioneered the WELL Building Standard™ (WELL), which is the first building standard to focus exclusively on enhancing people’s health and well-being through the built environment, and founded the International WELL Building Institute to administer WELL globally. To date, the program has enrolled 45 million square feet of building projects in 21 countries.
Delos has also recently launched strategic partnerships with several industry leaders to share its knowledge as the pioneer of WELL and continue to support its expansion. CBRE Group, Inc., whose Global Corporate Headquarters in Los Angeles became the first commercial office space in the world to achieve WELL Certification through the WELL pilot program in 2013, and Arup have both made commitments to WELL as part of partnerships with Delos. Delos’ collaborations with Lendlease to advance WELL Core & Shell Certification and Precertification programs, and with Chinese real estate company Sino-Ocean Land to elevate human health to the forefront of Chinese building practices have also been instrumental in expanding WELL globally.
Additionally, last year in partnership with Mayo Clinic, Delos opened the Well Living Lab, which is the first scientific center to use human-centered research to understand the interaction between health and well-being and indoor environments. Located adjacent to the campus of Mayo Clinic in Rochester, Minn., the Lab aims to provide valuable insights regarding the real-world impact of indoor environments on human health and well-being, and generate evidence-based information that can be used in practical ways to create healthier indoor spaces. The first studies at the Well Living Lab began this spring.
Delos has built a distinguished Advisory Board which includes Dr. Deepak Chopra, former Chief of Staff of the Boston Regional Medical Center and founder of The Chopra Foundation; the Honorable Dick Gephardt, former House of Representatives Majority Leader; Leonardo DiCaprio, sustainability advocate and actor; Nicholas LaRusso, former Medical Director of Mayo Clinic Center for Innovation and Distinguished Investigator of the Mayo Foundation; Rick Fedrizzi, CEO & Founding Chair, U.S. Green Building Council; Deborah L. Wince-Smith, President & CEO, Council on Competitiveness; Mel Martinez, former Chairman of the Republican National Committee, HUD Secretary, and United States Senator; Jason McLennan, world renowned sustainable building expert; Dr. Michael Roizen, Chief Wellness Officer at Cleveland Clinic; Sue Firestone, Founder and Chairman of Smith/Firestone Associates; Xue Ya, President, FMG Consulting; David L. Pogue, Global Director of Corporate Responsibility, CBRE Group, Inc.; and Li Ming, Chairman of the Board and CEO, Sino-Ocean Land Holdings Limited.
As the pioneer of Wellness Real Estate™, Delos is transforming our homes, offices, schools, and other indoor environments by placing health and wellness at the center of design and construction decisions. Delos helps create spaces that actively contribute to human health, performance and well-being by marrying the best innovations in technology, health, science, and real estate. The Delos platform includes programming, consulting, research, and an array of innovative products and technologies that research suggests may improve occupant well-being. More information on Delos is available at www.delos.com.