• Welltok

  Led · Series C · Feb 2014

  Welltok is a Denver, Colorado-based enterprise Software-as-a-Service company focused on consumer health. The company provides a consumer activation platform that systematically applies machine learning to healthcare and non-healthcare data to understand and predict individual needs. It connects consumers with ROI-based programs and resources intended to activate and engage them in their health. Welltok also offers technology-enabled services that leverage advanced analytics and multi-channel communications to reach consumers. The company raised $75 million in a Series E2 and said it will use the funding for continued product development, expansion into new market segments, and integration of acquired assets and capabilities. The business is led by chairman and CEO Jeff Margolis. Welltok raised $33.7M in a Series E and secured a $13M debt facility from Silicon Valley Bank. Participants in the equity round included New Enterprise Associates, Bessemer Venture Partners, Georgian Partners, Emergence Capital, InterWest Partners, Sigma Partners, HLM Venture Partners, Flare Capital Partners, Trustmark, Qualcomm Life Fund, Hearst Health Ventures, EDBI, Okapi Venture Capital and Miramar Ventures. The combined financing will be used to continue development of its CaféWell Health Optimization Platform and complementary technology-enabled healthcare service offerings, and to expand into new market segments. Led by chairman and CEO Jeff Margolis, Welltok provides the CaféWell Platform to help population health managers guide and incentivize consumers with personalized action plans, curated benefits, resources and rewards. The company’s technology-enabled services leverage advanced analytics and multi-channel communications to derive consumer insights and drive engagement. Welltok operates six office locations nationwide and has nearly 400 employees. Welltok is a US digital healthcare company. The company raised $45 million in a Series D+ funding round, according to the article. Investors in the round included EDBI, Georgian Partners, and Flare Capital. EDBI is described as the corporate investment arm of the Singapore Economic Development Board and co-invested alongside the other participants. The article characterizes the financing as a Series D+ but does not provide valuation, prior-round details, or operating metrics. No further information on use of proceeds or additional financial terms was included. Welltok, based in Denver, Colorado, builds the CafeWell Health Optimization Platform, an online and mobile health management platform. CafeWell curates health management programs, apps, and tracking devices and is available only through employers, health plans, or providers. The platform delivers personalized health plans with articles, videos, condition management programs, rewards for reaching health goals, and connections to coaches and health experts. Welltok also operates CafeWell Connect, a health and fitness data partner program, and CafeWell Concierge, developed via an integration with IBM's Watson. In March 2014 the company acquired wellness app maker Mindbloom and recently acquired Predilytics, a predictive analytics company; the company confirmed the latest financing was related to that acquisition. Financially, Welltok raised $21.3 million in a mix of equity and security (per an SEC filing), bringing total funding to at least $94 million to date; it had raised a prior round in January. Welltok operates the CafeWell Health Optimization Platform, which provides payers, providers and other population health managers the ability to guide and incentivize consumers to achieve optimal health. The platform is accessible via web and mobile and drives engagement by providing personalized guidance and leveraging social, gaming and cognitive technologies. Led by chairman and CEO Jeff Margolis, the company targets payers, providers and other population health managers. Welltok plans to use recent funding to accelerate growth through the launch of new products and services and expansion into new market segments. The company is based in Denver, Colorado. It recently closed a $37M Series D to support those initiatives.

No current team members are available.