About WellSpark
WellSpark is a company based in Farmington (United States) founded in 2013 was acquired by Vitality in November 2024.. WellSpark offers products and services including Individual Health Coaching, Group Health Coaching, Disease Prevention and Management, and Digital Wellness Platform. WellSpark operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Magellan Health and Sharecare, among others.
- Headquarter Farmington, United States
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Sectors
TechnologyHealthcare
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Phone
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Website
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Social
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- Legal Name Wellspark Health, Inc.
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Products & Services of WellSpark
WellSpark offers a comprehensive portfolio of products and services, including Individual Health Coaching, Group Health Coaching, Disease Prevention and Management, and Digital Wellness Platform. 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.
Personalized support to address barriers to better health.
Supportive group environment for improved wellbeing.
Programs for chronic conditions like diabetes prevention.
Platform enabling human-to-human wellbeing support.
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Funding Insights of WellSpark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in WellSpark
WellSpark has secured backing from 1 investor. Prominent investors backing the company include Vitality. 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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Vitality is recognized as a leading health engagement platform.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by WellSpark
| 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 - WellSpark
| 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 |
Wellspark Comparisons
Competitors of WellSpark
WellSpark 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 Hinge Health, Practo, Accolade, Magellan Health and Sharecare, 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 |
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Behavioral healthcare management and pharmacy services are provided for employees.
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Health and wellness social network for employees is provided.
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Provider of prepaid cards for financial benefits of employees
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellspark
Frequently Asked Questions about WellSpark
When was WellSpark founded?
WellSpark was founded in 2013.
Where is WellSpark located?
WellSpark is headquartered in Farmington, United States.
What does WellSpark do?
WellSpark was founded in 2013 and is headquartered in Farmington, United States. An online platform is operated by the company within the health benefits sector, focusing on employee wellness programs. Services include administration of health benefits, access to resources, and support for corporate health initiatives. Operations are conducted digitally to serve employers across the United States, emphasizing efficient benefit management.
Who are the top competitors of WellSpark?
WellSpark's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does WellSpark offer?
WellSpark offers Individual Health Coaching, Group Health Coaching, Disease Prevention and Management, and Digital Wellness Platform.
Who are WellSpark's investors?
WellSpark has 1 investor. Key investors include Vitality.