Welltok Raises $33.7M in Series E Funding

Welltok_logoWelltok, a Denver, CO-based consumer health enterprise company, raised $33.7m in Series E funding.

Participants in the funding 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, Singapore-based EDBI, Okapi Venture Capital and Miramar Ventures.

In addition, the company also secured a new $13 million debt facility from Silicon Valley Bank.

The company will use the combined financing for continued development of its CaféWell Health Optimization Platform™ and complementary technology-enabled healthcare service offerings, as well as expansion into new market segments.

Led by Jeff Margolis, chairman and CEO, Welltok provides the CaféWell Platform, which enables population health managers to guide and incentivize consumers to optimize their health.
The enterprise-level platform curates and connects consumers with available and relevant benefits, resources and rewards by providing personalized action plans for each individual.
Additionally, the company’s technology-enabled services leverage both advanced analytics to derive consumer insights and multi-channel communications to reach consumers through the right channel, with the right message, driving engagement.
The company currently operates in six office locations nationwide and has nearly 400 employees.



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