About Welldoc
Welldoc is a Healthcare company based in Columbia (United States) founded in 2005. Mobile health products for chronic disease management are offered. 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. Welldoc has completed 1 acquisition, including Home Health Specialists. Its chief executive, as recorded, is Kevin P McRaith. Its website welldoc.com draws about 12 thousand monthly visits. Its Indian entity Welldoc Software Private Limited reported revenue of ₹39.07 Cr. Welldoc offers products and services including BlueStar and Welldoc App. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Patient Engagement. Its competitors include DarioHealth, Pear Therapeutics and Spiras Health; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Columbia, United States
- Employees 163
- SectorsHealthcare
- Phone•••• ••••
- Website welldoc.com
- Social LinkedIn X Facebook Instagram
- Legal Name Welldoc Software Private Limited
- Date of Incorporation 21 Jul, 2009
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹39.07 Cr
FY 2024 · +27% YoY
- Indian entity net profit₹2.24 Cr
FY 2024 · 6% margin
- Indian entity EBITDA₹3.78 Cr
FY 2024 · 10% margin
- Total Equity Funding$72.08M (USD)
in 10 rounds
- Latest Funding Round$7.5M (USD), Series B
Mar 2016
- InvestorsARE
& 8 more
- Employee Count163
- Investments & Acquisitions
Associated legal entities of Welldoc
Welldoc operates through Welldoc Software Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Welldoc Software Private Limited CIN U72200KA2009PTC050439 | Active | 21 Jul 2009 | Bangalore, Karnataka | ₹39.1 Cr | 163 | 3 | View details |
Products & Services of Welldoc
Welldoc offers a comprehensive portfolio of products and services, including BlueStar and Welldoc App.
FDA-cleared app for tracking and managing type 1 and type 2 diabetes.
Platform for self-management of various chronic conditions like hypertension.
Apps and channels of Welldoc
Welldoc publishes 1 mobile app with over 10K+ downloads.
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 $72.08M
- Total Rounds 10
- Last Round Series B — $7.5M
- First Round $1M
(Feb 2006)
- Investors Count 9
All 10 funding rounds of Welldoc 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 |
|---|---|---|---|---|---|
| Mar 2016 | $7.5M | Series B | – | Johnson & Johnson Innovation | |
| Dec 2015 | $29.07M | Series B | – | Samsung Venture Investment | |
| Jul 2015 | $225,000 | Series A | – | – | – |
| Mar 2015 | $4.55M | Series A | – | – | – |
| Jan 2014 | $20M | Series A | – | Windham Venture Partners, Merck Global Health Innovation Fund | – |
| Dec 2013 | $150,000 | Series A | – | – | – |
| Oct 2013 | $8.39M | Series A | – | – | – |
| Mar 2009 | $196,965 | Seed | – | – | – |
| Dec 2007 | $1M | Seed | – | – | – |
| Feb 2006 | $1M | Seed | – | – | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate-backed venture capital is focused on the life science sector. | merckghifund.com | Kenilworth, United States | ||
Early to late stage VC firm investing in the US | excelvm.com | Boston, United States | ||
| hudrivcap.com | ||||
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Investments are directed toward semiconductors, telecommunications, software, and medical sectors. | samsungventures.com | Seoul, South Korea | ||
Offers investment management and secure information access to clients and partners. | 2001 | adagecapital.com | Boston, United States | |
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | are.com | Pasadena, United States | |
| jnjinnovation.com | ||||
Windham Capital Partners is focused on HealthTech venture investments. | windhamvp.com | New York, United States |
Investor details for Welldoc
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Board of directors of Welldoc Software Private Limited (Welldoc)
Welldoc Software Private Limited is the primary company behind Welldoc. The board of Welldoc Software Private Limited currently have 3 directors; the longest-serving is Hari Ramakrishna Kesani, appointed in 2017. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hari Ramakrishna Kesani DIN 07811627 | Director | 03 May 2017 | 9 yrs 6 mo | Welldoc Software Private Limited |
| Billy Graham DIN 07863553 | Director | 19 Jul 2017 | 9 yrs 3 mo | Welldoc Software Private Limited |
| Anand Krishna Iyer DIN 10627109 | Additional Director | 01 Jul 2024 | 2 yrs 4 mo | Welldoc Software Private Limited |
People of Welldoc
48 people are tracked at Welldoc (25 in leadership, 8 in board & advisors, 15 in team); the tracked headcount is 163.
| Name | Role | Group |
|---|---|---|
Kevin P McRaith | CEO | Leadership |
Keith Reynolds | COO | Leadership |
Kevin McRaith | President & CEO | Leadership |
Marina Dorotheo | Chief Marketing And Strategy Officer | Leadership |
Marybeth Fottler | Senior Director, Integrated Marketing Strategy | Leadership |
Danielle Kaslow | Director, Digital Marketing & Corporate Communications | Leadership |
Ashley G. | Vp, New Markets | Leadership |
Todd Rynecki | Vice President Of Sales Health Plan Channel | Leadership |
Tracy Yedlin | Sr. Director, Client Marketing | Leadership |
| VP, Product Management | Leadership | |
Rick Scheel | VP Of Health Plan & TPA Sales | Leadership |
Mansur Shomali | Chief Medical Officer | Leadership |
Machelle Shields | Chief Compliance Officer | Leadership |
Kacey White | Director, Human Factors Engineering | Leadership |
Catherine Brown | VP, Clinical Services | Leadership |
Farhan Shahab | VP, Quality & Regulatory | Leadership |
Robin Schwartz | Head of HR | Leadership |
Robin S. | Head Of HR | Leadership |
Harini Raghunathan | Director Of Product Management | Leadership |
Ravi Kumar Shanmuga Sundaram | Sr. Director - Product Management | Leadership |
28 more people are available in the full profile.
Complete people profiles for Welldoc
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Welldoc
Figures of Welldoc Software Private Limited, the primary company behind Welldoc, for FY 2024. Revenue was ₹39.07 Cr (+27% year on year). Net profit was ₹2.24 Cr (6% margin). EBITDA was ₹3.78 Cr (10% margin). Revenue has grown at a compounded annual rate of +43% over three years and +45% over five years.
- ₹39.07 CrRevenue · FY 2024 · +27% YoY
- ₹2.24 CrNet profit · 6% margin
- ₹3.78 CrEBITDA · 10% margin
- ₹1 LakhPaid-up capital
- 163Employees (provident fund records)
- +43%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Welldoc Software Private Limited are on its company page.
Detailed financial statements for Welldoc
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Welldoc
Welldoc has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Home Health Specialists.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Home nursing care services are provided to patients in residences. | hhsrn.com | Media, United States | 1984 | Feb 2011 | •••• |
Complete acquisition details for Welldoc
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Welldoc
4 dated milestones of Welldoc across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Welldoc is founded.
- Funding First funding round of $1.0M.
- Acquisition Acquires Home Health Specialists.
- Funding Latest funding round, Series B, of $7.5M.
Competitors of Welldoc
Welldoc has 3 listed competitors in our database, 3 of them funded. They include DarioHealth, Pear Therapeutics and Spiras Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dariohealth.com | 2011 | New York, United States | $6.01M | 196 | Chronic conditions are managed via a personalized digital platform. | |
| peartherapeutics.com | 2013 | Boston, United States | $266.34M | 207 | Pear Therapeutics provides cloud-based digital solutions for managing chronic health conditions effectively. | |
| spirashealth.com | 2015 | Nashville, United States | $14.15M | 37 | Asthma and COPD symptoms are managed through clinical services. |
Detailed competitors of Welldoc
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Web traffic of Welldoc
The website of Welldoc (welldoc.com) receives about 12.1K visits a month.
- Monthly visits12.1K
▼ 6.4% vs previous month
Websites whose visitors overlap most with Welldoc. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| amchealth.com | 100% | 3.6K | #4,945,240 | View details | |
ulmanfund.org | ulmanfund.org | 97% | – | ||
| advanticabenefits.com | 97% | View details | |||
| mhm-services.com | 97% | View details | |||
| thehealthcaretechnologyreport.com | 96% | #1,012,018 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Welldoc
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Welldoc (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Welldoc
Complete news archive for Welldoc
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Frequently Asked Questions about Welldoc
Welldoc was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Welldoc is headquartered in Columbia, United States.
Kevin P McRaith is the CEO of Welldoc, as recorded in our data.
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 Seed of $1M, raised on Feb 2006.
Welldoc has 163 employees.
The primary company behind Welldoc, Welldoc Software Private Limited, reported revenue of ₹39.07 Cr for FY 2024, up 27% year on year.
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.
Welldoc's top competitors include DarioHealth, Spiras Health and Pear Therapeutics.
Welldoc offers BlueStar and Welldoc App.
Welldoc has made 1 acquisition, including Home Health Specialists.
Welldoc has 9 investors. Key investors include ARE, Samsung Venture Investment, Merck Global Health Innovation Fund, Adage Capital Management, and Excel Venture Management.
Welldoc operates through Welldoc Software Private Limited.