About Wellframe
Wellframe is a company based in Boston (United States) founded in 2011 was acquired by HealthEdge in October 2021.. Wellframe has raised $45.3 million across 7 funding rounds from investors including HealthEdge, Threshold and F-Prime Capital. The company has 8 employees as of December 31, 2024. Wellframe offers products and services including Digital Health Management Platform, Member App, and Staff Dashboard. Wellframe operates in a competitive market with competitors including Verily, Memora Health, MD Revolution, Medlinker and AllyAlign, among others.
- Headquarter Boston, United States
- Employees 8 as on 31 Dec, 2024
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.3 M (USD)
in 7 rounds
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Latest Funding Round
$20 M (USD), Series C
Nov 19, 2019
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Investors
HealthEdge
& 14 more
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Employee Count
8
as on Dec 31, 2024
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Acquired by
HealthEdge
(Oct 19, 2021)
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Products & Services of Wellframe
Wellframe offers a comprehensive portfolio of products and services, including Digital Health Management Platform, Member App, and Staff Dashboard. 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.
Platform for care management and member engagement via apps.
App that supports health navigation and real-time alerts for members.
Dashboard for prioritizing member needs and generating insights.
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Funding Insights of Wellframe
Wellframe has successfully raised a total of $45.3M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in November 2019. 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 7
- Last Round Series C — $20.0M
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First Round
First Round
(06 Sep 2012)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series C - Wellframe | Valuation | BVF | |
| Jul, 2017 | Amount | Series B - Wellframe | Valuation | F-Prime Capital | |
| Sep, 2014 | Amount | Series A - Wellframe | Valuation | DFJ |
| 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 Wellframe
Wellframe has secured backing from 15 investors, including venture fund and angel investors. Prominent investors backing the company include HealthEdge, Threshold and F-Prime Capital. 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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Early-stage startups are funded by Threshold VC firm.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location | |
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Funding is provided to healthcare startups by corporate-backed BVF.
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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 Wellframe
| 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 - Wellframe
| 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 |
Wellframe Comparisons
Competitors of Wellframe
Wellframe 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 Verily, Memora Health, MD Revolution, Medlinker and AllyAlign, 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 |
AI-based solutions for health management are provided.
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| domain | founded_year | HQ Location |
Mobile messaging platform is utilized for chronic disease management.
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| domain | founded_year | HQ Location |
Predictive analytics SaaS platform for patient engagement is provided.
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| domain | founded_year | HQ Location |
Social networking for healthcare professionals is facilitated by Medlinker.
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| domain | founded_year | HQ Location |
Cloud-based platform for long-term care coordination is provided.
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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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Latest news on Wellframe
Frequently Asked Questions about Wellframe
When was Wellframe founded?
Wellframe was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Wellframe located?
Wellframe is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Wellframe a funded company?
Wellframe is a funded company, having raised a total of $45.3M across 7 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Sep 06, 2012.
How many employees does Wellframe have?
As of Dec 31, 2024, the latest employee count at Wellframe is 8.
What does Wellframe do?
Mobile and AI-based platform offering support to providers for better patient engagement. The Wellframe solution combines mobile devices and artificial intelligence with human care to provide patients with daily guidance and support while helping providers identify and patient needs and manage risk more dynamically across a population and over time. Additionally, care managers can use the information to provide more timely, up-to-date, and personalized feedback to their patients, in order to maximize patient adherence.
Who are the top competitors of Wellframe?
Wellframe's top competitors include Verily, Memora Health and Medocity.
What products or services does Wellframe offer?
Wellframe offers Digital Health Management Platform, Member App, and Staff Dashboard.
Who are Wellframe's investors?
Wellframe has 15 investors. Key investors include HealthEdge, Threshold, F-Prime Capital, BVF, and DFJ.
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