About Welldoc
Welldoc is a company based in Columbia (United States) founded in 2005.. Welldoc has raised $72.08 million across 10 funding rounds from investors including ARE, Samsung Venture Investment and Merck Global Health Innovation Fund. The company has 163 employees as of April 07, 2024. Welldoc has completed 1 acquisition, including Home Health Specialists. Welldoc offers products and services including BlueStar and Welldoc App. Welldoc operates in a competitive market with competitors including DarioHealth, Wellthy Therapeutics, Pear Therapeutics, Spiras Health and Ciba Health, among others.
- Headquarter Columbia, United States
- Employees 163 as on 07 Apr, 2024
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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 Welldoc Software Private Limited
- Date of Incorporation 21 Jul, 2009
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$3.71 M (USD)43.11as on Mar 31, 2023
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Net Profit
$199.95 K (USD)117.5as on Mar 31, 2023
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EBITDA
$461.19 K (USD)83.59as on Mar 31, 2023
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Total Equity Funding
$72.08 M (USD)
in 10 rounds
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Latest Funding Round
$7.5 M (USD), Series B
Mar 01, 2016
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Investors
ARE
& 8 more
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Employee Count
163
as on Apr 07, 2024
- Investments & Acquisitions
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Products & Services of Welldoc
Welldoc offers a comprehensive portfolio of products and services, including BlueStar and Welldoc App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
FDA-cleared app for tracking and managing type 1 and type 2 diabetes.
Platform for self-management of various chronic conditions like hypertension.
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Leadership Team
11 people
Sales and Marketing
10 people
Product Management Team
6 people
Software Development Team
4 people
Human Resources and Administration
4 people
Board Team
2 people
Creative and Marketing Team
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of Welldoc
Welldoc has successfully raised a total of $72.08M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $7.5 million completed in March 2016. 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 10
- Last Round Series B — $7.5M
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First Round
First Round
(09 Feb 2006)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Series B - Welldoc | Valuation | Johnson & Johnson Innovation | |
| Dec, 2015 | Amount | Series B - Welldoc | Valuation | Samsung Venture Investment | |
| Jul, 2015 | Amount | Series A - Welldoc | 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 Welldoc
Welldoc has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include ARE, Samsung Venture Investment and Merck Global Health Innovation Fund. 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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Corporate-backed venture capital is focused on the life science sector.
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Founded Year | Domain | Location | |
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Early to late stage VC firm investing in the US
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Founded Year | Domain | Location | |
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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 Welldoc
Welldoc has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Home Health Specialists. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Home nursing care services are provided to patients in residences.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Welldoc
| 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 |
Welldoc Comparisons
Competitors of Welldoc
Welldoc 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 DarioHealth, Wellthy Therapeutics, Pear Therapeutics, Spiras Health and Ciba Health, 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 |
Chronic conditions are managed via a personalized digital platform.
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| domain | founded_year | HQ Location |
Health monitoring app is provided for chronic patients and providers.
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| domain | founded_year | HQ Location |
Pear Therapeutics provides cloud-based digital solutions for managing chronic health conditions effectively.
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| domain | founded_year | HQ Location |
Asthma and COPD symptoms are managed through clinical services.
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| domain | founded_year | HQ Location |
Provider of teleconsultation and digital therapeutic software for employees and patients
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Welldoc
Frequently Asked Questions about Welldoc
When was Welldoc founded?
Welldoc was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Welldoc located?
Welldoc is headquartered in Columbia, United States.
Who is the current CEO of Welldoc?
Kevin P McRaith is the current CEO of Welldoc.
Is Welldoc a funded company?
Welldoc is a funded company, having raised a total of $72.08M across 10 funding rounds to date. The company's 1st funding round was a Series A of $225K, raised on Feb 09, 2006.
How many employees does Welldoc have?
As of Apr 07, 2024, the latest employee count at Welldoc is 163.
What is the annual revenue of Welldoc?
Annual revenue of Welldoc is $3.71M as on Mar 31, 2023.
What does Welldoc do?
Welldoc was founded in 2005 and is headquartered in Columbia, United States. Operations focus on the mobile health sector, where chronic disease management is supported through prescription-based digital tools. The flagship product, BlueStar, delivers real-time coaching for diabetes self-management using algorithms that analyze patient data. This therapy is prescribed by healthcare providers and can be obtained via pharmacies for reimbursement purposes.
Who are the top competitors of Welldoc?
Welldoc's top competitors include Wellthy Therapeutics, DarioHealth and Ciba Health.
What products or services does Welldoc offer?
Welldoc offers BlueStar and Welldoc App.
How many acquisitions has Welldoc made?
Welldoc has made 1 acquisition, including Home Health Specialists.
Who are Welldoc's investors?
Welldoc has 9 investors. Key investors include ARE, Samsung Venture Investment, Merck Global Health Innovation Fund, Adage Capital Management, and Excel Venture Management.
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