Arch to continue investing in science-driven consumer wellness even as Arivale folds

Four years after raising a $36 million series B round led by Arch Venture Partners and Polaris Partners, scientific wellness company Arivale Inc. (Seattle, Wash.) has shuttered its consumer program, citing troubles with its business model.

The closure won’t deter Arch from continuing to invest in the space, the firm’s Bob Nelsen told BioCentury. He said consumer health and wellness will be a big space, but added that it’s essential to find the right business model. ...