Welltok Raises $75M in Funding

Welltok, a Denver, CO-based enterprise Software as a Service company for consumer health, raised $75 million in a Series E2 funding.

Backers included Future Fund Management Agency, Ziff Davis, NF Trinity Capital (Hong Kong) Limited and ITOCHU Corporation, New Enterprise Associates, Bessemer Venture Partners and Georgian Partners.

The company intends to use the financing for continued product development, expansion in new market segments and integration of acquired assets and capabilities.

Led by Jeff Margolis, chairman and CEO, Welltok provides a consumer activation platform that systematically applies machine learning to both healthcare and non-healthcare data to understand and predict individual needs. It then connects consumers with relevant ROI-based programs and resources that ultimately activate and engage consumers in their health. Additionally, the company’s technology-enabled services leverage advanced analytics and multi-channel communications to reach consumers.



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