About WellBe
WellBe is a company based in Madison (United States) founded in 2009 was acquired by Orbita in August 2023.. WellBe has raised $10.58 million across 8 funding rounds from investors including Orbita, WISC Partners and Madison Development. The company has 19 employees as of December 31, 2022. WellBe operates in a competitive market with competitors including ConnectiveRx, Hyro, PatientPoint, Upfront Healthcare and CipherHealth, among others.
- Headquarter Madison, United States
- Employees 19 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Wellbe, Inc.
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Funding Insights of WellBe
WellBe has successfully raised a total of $10.58M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $1.21 million completed in November 2022. 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 Total Funding
- Total Rounds 8
- Last Round Series A — $1.2M
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First Round
First Round
(26 Jul 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - WellBe | Valuation |
investors |
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| Feb, 2019 | Amount | Series A - WellBe | Valuation | WISC Partners |
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| Jan, 2016 | Amount | Debt – Venture - WellBe | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WellBe
WellBe has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Orbita, WISC Partners and Madison Development. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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WISC Partners is engaged in providing expansion and acceleration capital.
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Founded Year | Domain | Location | |
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Offers affordable workforce housing and gap financing for small businesses.
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Founded Year | Domain | Location | |
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Conversational AI virtual assistants for healthcare patient engagement are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WellBe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WellBe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellbe Comparisons
Competitors of WellBe
WellBe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ConnectiveRx, Hyro, PatientPoint, Upfront Healthcare and CipherHealth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of patient engagement and prior authorization solutions
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Patient engagement solutions for healthcare providers at point of care
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| domain | founded_year | HQ Location |
Provider of data analytics platform to help clinics schedule and allocate resources
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| domain | founded_year | HQ Location |
SaaS based tools for patient engagement
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| domain | founded_year | HQ Location |
Personalized health management with rewards for goals is facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about WellBe
When was WellBe founded?
WellBe was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is WellBe located?
WellBe is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Is WellBe a funded company?
WellBe is a funded company, having raised a total of $10.58M across 8 funding rounds to date. The company's 1st funding round was a Debt – Venture of $1.34M, raised on Jul 26, 2013.
How many employees does WellBe have?
As of Dec 31, 2022, the latest employee count at WellBe is 19.
What does WellBe do?
Wellbe was founded in 2009 in Madison, United States, within the healthcare sector. A cloud-based SaaS platform is operated to enable providers to engage patients across treatment phases. Support is given to patients for learning and fulfilling actions that lead to improved outcomes. Care teams employ CarePath Automation to oversee to-dos and foster collaboration on progress. On-demand reports are delivered to administrators for oversight.
Who are the top competitors of WellBe?
WellBe's top competitors include Hyro, CipherHealth and ixLayer.
Who are WellBe's investors?
WellBe has 3 investors. Key investors include Orbita, WISC Partners, and Madison Development.
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