Welltok, a Denver, CO-based health optimization platform, closed its most recent funding round (Series D) of $37m.
Read about it here.
Two new investors joined the round, Hearst Health Ventures, a unit of Hearst Corporation focused on investments in health IT and technology-enabled healthcare services, and Catholic Health Initiatives (CHI), one of the nation’s largest health systems. Hearst and CHI joined Bessemer Venture Partners (BVP), Emergence Capital Partners, InterWest Partners, New Enterprise Associates (NEA) and Qualcomm Ventures.
The company will use the funds to further accelerate its growth through the launch of new products and services, as well as expansion into new market segments.
Led by Jeff Margolis, chairman and chief executive officer, Welltok operates the CafeWell Health Optimization Platform, which provides payers, providers and other population health managers with the ability to guide and incentivize consumers to achieve their optimal health.
The platform, accessible via web and mobile, drives engagement by providing personalized guidance and leveraging social, gaming and cognitive technologies.