Other Health Ventures | Issue 2 | April 2025

Hey Everyone,

If you thought we were going to ease into 2025…… you don't know us very well. We rolled into Q1 with two new SPV closes, a portfolio company having its best quarter to date, and a fund announcement that's been a long time coming.

This issue is about momentum, and what happens when you bet on the right founders at the right time.

Welcome to Issue 2.

Two new deals closed. A portfolio company crushing Q1. And a lot of early mornings, late nights, and flights to meet founders we genuinely believe in. We don't invest in categories, we invest in people building things that actually matter for how humans move, feel, and live. Here's who we backed:

👟 Stand+

If you've ever worked a 12-hour shift on your feet, you know the shoes matter. Stand+ (formerly Gales) builds Energy-Recovery™ footwear engineered specifically for people who earn their fatigue, nurses, surgeons, chefs, teachers, and athletes recovering between sessions. We're talking ASTM-certified, fluid-resistant, antimicrobial shoes with Ortholite X-40 insoles that mold to your specific foot shape with a hair dryer. Pro athletes across the NFL, NBA, and Premier League wear them for recovery. ER nurses swear by them for 12-hour concrete-floor shifts. And honestly? Once you put them on, you get it immediately.

The founder Rob has built something that sits at the exact intersection of healthcare utility and everyday performance and that's exactly our lane. The market for professional footwear in healthcare is massive and chronically underserved by brands that prioritize style over science. Stand+ flipped that script. If you haven't grabbed a pair yet, fix that now. HSA/FSA eligible, by the way. Check them out.

🥤 BAWI Aqua Fresca

Victor Guardiola is the real deal. Born in Monterrey, Mexico, raised between two countries, and educated at UT Austin, he took the agua fresca his mom used to make and turned it into one of the most exciting better-for-you beverage brands in the country. BAWI is a sparkling agua fresca with under 100 calories per can, less than 9 grams of sugar (compare that to 35 in a Jarritos), and flavors like La Guayaba (guava), La Piña (pineapple), El Limón (lime), and La Maracuyá (passionfruit) that actually taste like something….. not just a whisper of fruit in sparkling water.

Here's what gets us fired up about this one: the Hispanic population is the fastest-growing consumer demographic in the U.S., and it has been chronically underserved by the beverage industry, and offered the choice between sugary sodas and culturally generic seltzer water. BAWI is filling that gap with something that's rooted, authentic, and genuinely delicious. Victor landed on the Forbes 30 Under 30 list, BAWI is on track to exceed $3M in revenue this year, and it's already on shelves at Whole Foods. We believe this is a breakout brand. Victor is the kind of founder you bet on without hesitation. Go grab a case.

🍼 Leche — Portfolio Update

We've talked about Leche before, and we'll keep talking about them because they keep delivering. Q1 was their strongest yet, and we couldn't be more proud to be in their corner. For the uninitiated: Leche is building infrastructure around human breast milk at a time when the conversation around infant nutrition has never been more urgent.

The U.S. has faced repeated formula shortages that exposed just how fragile our supply chain is for one of the most critical nutritional needs on the planet. What Leche is doing for mothers and children matters in a real, tangible way and the Q1 numbers are reflecting that. More details coming in a future issue. For now, go check them out.

We've been building toward this for a while. SPV by SPV, relationship by relationship, deal by deal. And now we're ready to do this the right way, as a fund.

OHV Fund I (Momentum Fund I) is our first structured LP fund, and we're launching fundraising efforts shortly. We've done the work: the LPA is finalized, the fund administrator is locked in, the data room is being built, and the deal pipeline has never looked better. But here's what we want you to know: we're not just building a fund. We're building a brand.

Other Health Ventures is going to be something different in this industry. Investing has historically been stiff, opaque, and frankly boring for most people on the outside. We're changing that. We're exploring unique ways for people to not only participate financially, but to actually be part of what OHV is building, the community, the brand, and the mission. More on that very soon.

If you're an accredited investor interested in being part of Fund I — or if you know someone who should be in the room — hit reply. We mean it.

Maternal & Infant Health — Formula shortages were a wake-up call. The infrastructure supporting mothers and newborns in America is underfunded and overdue for innovation.

Human Performance Tech — Wearables, recovery tools, training methodology — the line between elite athletics and everyday wellness keeps blurring. We're paying close attention.

Community-Driven Investment Models — The traditional LP structure is ripe for disruption. Expect to see more from us on this one very soon.

Every month you'll get a look at what we're closing, who we're backing, and what's on our radar. No jargon, no fluff, just honest updates from a team that's deep in the work. Fund I fundraising kicks off this month, and we have some genuinely fun ideas for how we're bringing people along for the ride.

Building something worth building means actually having fun with it. We are. See you next month.

— The Other Health Ventures Team