About wayForward
wayForward is a Technology company based in New York (United States) founded in 2014, and was acquired by DarioHealth in May 2021. AI and SaaS-based mental health management software for employees and individuals. It operates in the Technology and Healthcare sectors. wayForward has raised $1 million across 2 funding rounds from investors including DarioHealth, Brand Capital International and Farhan Naqvi. Its Indian entity Wayforward Health Private Limited reported revenue of ₹17.7 Lakh. Its focus areas include HealthTech, Employee Health IT, Tech Enabled Services and Mental Health. Its competitors include Magellan Health, AbleTo and Lyra Health; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2014 in New York, United States, wayForward operates within the mental health sector. A SaaS-based digital telehealth platform is offered to support individuals and employees facing mental health challenges. Access to teleconsultation services, healthcare programs, and AI-driven recommendations for solutions is enabled through the system, facilitating remote management of user needs.
- Headquarters New York, United States
- Stage Acquired
- SectorsTechnologyHealthcare
- Email••••••••
- Website wayforward.io
- Social LinkedIn Facebook
- Acquired by DarioHealth (May 2021)
- Legal Name Wayforward Health Private Limited
- Date of Incorporation 08 Dec, 2015
- Jurisdiction Delhi, India
- Indian entity revenue₹17.7 Lakh
FY 2019 · +17% YoY
- Indian entity net loss-₹4.6 Lakh
FY 2019 · -26% margin
- Indian entity EBITDA-₹5.4 Lakh
FY 2019 · -30% margin
- Total Equity Funding$1M (USD)
in 2 rounds
- InvestorsDarioHealth
& 4 more
- Acquired byDarioHealth
(May 2021)
Associated legal entities of wayForward
wayForward operates through Wayforward Health Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wayforward Health Private Limited CIN U85100DL2015PTC288230 | Active | 08 Dec 2015 | Delhi, Delhi | ₹0.2 Cr | 2 | View details |
Funding Insights of wayForward
wayForward has successfully raised a total of $1M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1M
- Total Rounds 2
- First Round $1M
(Jun 2017)
- Investors Count 4
All 2 funding rounds of wayForward with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | Series A | – | Brand Capital International | – | |
| Jun 2017 | $1M | Angel Round | – | – |
5 investors in total: 2 institutional and 3 angel.
Investors in wayForward
wayForward has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include DarioHealth, Brand Capital International and Farhan Naqvi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides branding and advertising services for international business expansion into India. | 2015 | brandcapitalus.com | Redwood City, United States | |
FN Farhan Naqvi | unknown_26a6fba909904a2a9 | |||
HM Harsh Mahajan | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_fe37b2f80893403fa | ||
SV Sreepathy Viswanathan | unknown_893b12a53d3f4e4fb | |||
Chronic conditions are managed via a personalized digital platform. | 2011 | dariohealth.com | New York, United States |
Investor details for wayForward
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Wayforward Health Private Limited (wayForward)
Wayforward Health Private Limited is the primary company behind wayForward. The board of Wayforward Health Private Limited currently have 2 directors; the longest-serving is Ritvik Singh, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritvik Singh DIN 03407001 | Director | 08 Dec 2015 | 10 yrs 11 mo | Wayforward Health Private Limited |
| Anil Kumar Singh DIN 07302033 | Director | 08 Dec 2015 | 10 yrs 11 mo | Wayforward Health Private Limited |
People of wayForward
55 people are tracked at wayForward (22 in leadership, 11 in board & advisors, 22 in team).
| Name | Role | Group |
|---|---|---|
Dror Bacher | COO | Leadership |
Dave Auslander | VP of Data | Leadership |
Zvi Ben-David | CFO | Leadership |
Erez Raphael | CEO & Board Member | Leadership |
Rick Anderson | President & GM, North America | Leadership |
Omar Manejwala | Chief Medical Officer | Leadership |
Boris Shusterman | Director Of Solution Architecture | Leadership |
Penny Westbury | Senior Director, Member & Customer Support Operations | Leadership |
Dov Oppenheim | Co-founder And Production Manager | Leadership |
Tarun Jain | Vice President For India Operations & Board Member | Global Org. Development Manager | Leadership |
Yifat Fundoiano-Hershcovitz | VP Of Clinical And Scientific Affairs | Leadership |
Lyr Ben Aharon | Program Director, B2b Accounts | Leadership |
Anat Gonen | VP Delivery | Leadership |
Tomer Meydad | VP R&d | Leadership |
Shai Admoni | Director Of Finance | Leadership |
Lauren Hartel | Director, Client Delivery | Leadership |
Zvika Erlich | Director Of Finance And Fp&a | Leadership |
Ami Haelion | Senior Vice President Of Operation And Connected (medical) Devices At Dario Health | Leadership |
Sean Schnapp | Director Of Finance And Accounting | Leadership |
Stephen Flynn | Senior Vice President | Leadership |
35 more people are available in the full profile.
Complete people profiles for wayForward
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of wayForward
Figures of Wayforward Health Private Limited, the primary company behind wayForward, for FY 2019. Revenue was ₹17.7 Lakh (+17% year on year). Net loss was -₹4.6 Lakh (-26% margin). EBITDA was -₹5.4 Lakh (-30% margin).
- ₹17.7 LakhRevenue · FY 2019 · +17% YoY
- -₹4.6 LakhNet loss · -26% margin
- -₹5.4 LakhEBITDA · -30% margin
- ₹10 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Wayforward Health Private Limited are on its company page.
Detailed financial statements for wayForward
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of wayForward
4 dated milestones of wayForward across 7 years, from founding to its latest funding, stage changes and deals.
- Founded wayForward is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A,.
- Exit Acquired by DarioHealth.
Competitors of wayForward
wayForward has 3 listed competitors in our database, 3 of them funded. They include Magellan Health, AbleTo and Lyra Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magellanhealth.com | 1969 | Scottsdale, United States | $101M | 10,506 | Behavioral healthcare management and pharmacy services are provided for employees. | |
| ableto.com | 2008 | New York, United States | $108.75M | 1,125 | Offers a digital platform to connect people with licensed therapists and coaches | |
| lyrahealth.com | 2015 | Burlingame, United States | $915M | 1,145 | AI-powered mental health benefits for employers are provided. |
Detailed competitors of wayForward
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of wayForward
The website of wayForward (wayforward.io) receives about 3K visits a month.
- Monthly visits3K
▲ 70.1% vs previous month
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as wayForward (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Wayforward
Complete news archive for wayForward
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Frequently Asked Questions about wayForward
wayForward was founded in 2014 and raised its 1st funding round 3 years after it was founded.
wayForward is headquartered in New York, United States. It is registered at New York, New York, United States.
wayForward is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on Jun 2017.
The primary company behind wayForward, Wayforward Health Private Limited, reported revenue of ₹17.7 Lakh for FY 2019, up 17% year on year.
Founded in 2014 in New York, United States, wayForward operates within the mental health sector. A SaaS-based digital telehealth platform is offered to support individuals and employees facing mental health challenges. Access to teleconsultation services, healthcare programs, and AI-driven recommendations for solutions is enabled through the system, facilitating remote management of user needs.
wayForward's top competitors include Lyra Health, Magellan Health and AbleTo.
wayForward has 5 investors. Key investors include DarioHealth, Brand Capital International, Farhan Naqvi, Harsh Mahajan, and Sreepathy Viswanathan.
wayForward operates through Wayforward Health Private Limited.
Yes. wayForward was acquired by DarioHealth in May 2021.
The legal entities of wayForward currently have 2 directors, including Ritvik Singh, Anil Kumar Singh.